Wednesday, November 26, 2008

November 26, 2008

No market for IPOs - US Power Generating Company has pulled its planned $500 million initial public offering, citing market conditions in regulatory filing Tuesday.

Cleantech has several factors in its favor, he argues. These include continued concerns about climate change and energy independence, as well as the potential for greater support from the incoming Obama administration. As for oil prices, Mr. Milunovich says that “practical peak oil is real” and predicts that oil prices eventually should move back up.

Asset allocation has been thrown out the window.

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