Why Obama's win won't help renewable energy
Excerpt:NEW YORK (CNNMoney) -- Barack Obama's re-election may have seemed like a sure win for solar and wind power, given the President's history of supporting green energy. But the optimism quickly darkened in the aftermath. In the days following the election, renewable energy stocks fell, along with the broader market. The future isn't looking much brighter. Powerful forces are aligned against the renewable energy industries, that are likely to hold growth back. Worldwide, Bloomberg New Energy Finance is expecting to see a 12% decline in the growth rate for wind power in 2013 and an 8% decline in solar's growth, using conservative estimates. Government support: In the United States, one of the largest hurdles facing the industry is the expiration of years of government support that was seriously boosted by Obama's $787 billion stimulus program.
Keywords:
natural gas New Energy Finance renewable energy natural gas prices tax credits United States wind power solar power solar panel kilowatt hour Energy Information Administration green energy alternative energy Obama Barack Obama stimulus program hydraulic fracturing the wind silver lining bankruptcies NEW YORK long run North American hurdle stock Solyndra industry the status quo CNNMoney market bloodbath subsidies deficits industries Generous Ethan cheap cliff fracking overabundance high-tech Avian conservative alternatives Sarah investor double Securities much better utilitiesPeople:
Barack Obama
Overall Sentiment: 0.284942
Relevance: 0.96509
Ethan Zindler
Overall Sentiment: 0.0840804
Relevance: 0.72414
Sarah Ladislaw
Overall Sentiment: -0.128649
Relevance: 0.520231
| Sentiment | Quote |
|---|---|
| -0.325333 | "Even if that battle is won, it is very unlikely that you will see an increase in support," said Sarah Ladislaw, ... |
| -0.274672 | "Even if that battle is won, it is very unlikely that you will see an increase in support," said Sarah Ladislaw, an energy analyst at the Center for Strategic and International Studies. "It's like an all-out battle for the status quo." |
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Mark Bachman
Overall Sentiment: -0.0521488
Relevance: 0.512524
| Sentiment | Quote |
|---|---|
| -0.114696 | "Prices have come down so dramatically over the last few years that, even without subsides, it makes sense in some places," said Mark Bachman, ... |
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Key:
- Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
- The Mean is meant to be an indicator of an individual's average comment sentiment.
- The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).
Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.
Additional Info:
FieldTerminology: natural gas prices
Overall Sentiment: -0.0391188
Relevance: 0.905734
FieldTerminology: natural gas
Overall Sentiment: -0.140581
Relevance: 0.882466
Country: United States
Overall Sentiment: 0.43988
Relevance: 0.883148
Country: China
Overall Sentiment: 0.335057
Relevance: 0.501434
City: NEW YORK
Overall Sentiment: 0.130083
Relevance: 0.690926
City: Boston
Overall Sentiment: 0
Relevance: 0.410903
Continent: Europe
Overall Sentiment: 0.0786334
Relevance: 0.499026
Organization: Energy Information Administration
Overall Sentiment: 0.0737181
Relevance: 0.615269
Organization: Center for Strategic and International Studies
Overall Sentiment: 0.11149
Relevance: 0.485829
Company: Avian Securities
Overall Sentiment: -0.0205924
Relevance: 0.451168
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- bloomberg new energy finance
- center for strategic and international studies
- China
- CNNMoney
- energy
- energy sector
- fiscal cliff
- fracking
- Natural gas
- obama
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- president barack obama
- President Obama
- renewable energy
- renewables
- solar
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- steve hargreaves
- United States
- wind
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