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The idea of America becoming energy independent always comes up during the presidential debate. This week’s debate was no exception.

Obama, as always, talked about his “investments” in green energy.

But the government isn’t really investing. It’s simply wasting your money.

I’m sure you remember last year’s Solyndra debacle. After receiving a $535 million loan guarantee from the U.S. Energy Department, the solar-panel maker went bankrupt.

Another government “investment” went belly up this week.

A123 Systems Inc. (AONE), a maker of rechargeable lithium-ion batteries for electric cars, filed for bankruptcy after collecting $300 million in government grants.

If green energy was really a good idea, the private sector would be all over it. The industry wouldn’t need subsidies. And green energy stocks would be rallying.

But that’s not what’s happening. Take a look at the chart below. It shows the performance of the S&P 500 index, AONE and QCLN, a fund that tracks the performance of clean energy stocks.

If You Want to Lose Money, Invest in Green Energy

See larger image

While the S&P 500 index has rallied 33% in the last three years, the basket of clean energy stocks (QCLN) has plunged 43%. And those who invested in AONE lost 100%. According to the market, green energy is a terrible idea.

The government seems to be the only one that thinks it is a great idea. So they keep “investing” in the sector and wasting money … your money!


Evaldo Albuquerque
Senior Analyst

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