This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

$100 Oil Prices: U.S. Energy Policy Impact

Stocks in this article: FSLR SPWRA WPRT CLNE AONE HEV VLNC

NEW YORK ( TheStreet) -- It's difficult to avoid the argument that if there were ever a moment when the U.S. needed to get serious about national energy policy, the time is now. Yet with the Northern African/Middle East crisis sending oil prices to their highest levels since the financial crash, the federal government is set for a shutdown over the budget. Meanwhile, energy policy is tied up in the spending debate, and it's a big issue for stocks in energy and transportation sectors, from solar power to electric cars and natural gas engines.

The only event that seems to scare the markets as much as fear of the political events in the Middle East spreading to Saudi Arabia is fear of $4 -- maybe even $5 -- gasoline at the pump in the U.S. The fears were continuing to escalate on Thursday. Goldman Sachs warned of fear of global oil shortages as a trigger for a continued surge in oil prices. BNP Paribas raised its second quarter 2011 average oil price forecast to $105 for U.S. crude and $117 for brent crude.

The CEO of Italy's Eni (E), which is most exposed to Libyan production among foreign oil companies, said on Thursday that Libyan oil production had declined by 75%. The Financial Times reported that Saudi Arabia was preparing to add to oil production as a result of the crisis and Libya shutting down at least 25% of its production.

Political pundits are floating the idea of a national gasoline tax to wean Americans off their addiction to oil. Natural gas market experts are pounding the table about the country's abundant store of the "cleaner" fossil fuel. Alternative energy market executives are saying, "We told you so."

It may be time for "winning the future" and a "sputnik" moment, as President Obama has said, but the historic events in the Middle East are occurring at the same time as the usual political dysfunction in Washington D.C. As regimes topple overseas, the power brokers in Washington will simply close shop over the gap between the administration's budget request and the deficit hawks' budget machete.

Read on for a few of the key issues tied up in the spending debate that relate to energy policy and stocks in the alternative energy and transportation sectors.....

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs