Oil up, your U$ money's down and that's happy news in green tech

Same old song, but they're singing it louder. Oil is at another record high price, the dollar is at a record low against the Euro ($1.40). Rumor's about that Saudi Arabia may stop pegging its economy to the U$ currency. So these all point in the same direction for green tech watchers.

Higher fossil fuel prices are making alternative fuels, solar power, wind power, etc. all more economically attractive. At the recent GoingGreen conference several green tech folks said they put their own target for competition at $45/barrel for crude oil. With petroleum prices far above that, it makes green tech even more likely to work in the marketplace...and attract even more investment.

The upward push on those publicly traded green tech company stocks is making the investment folks start to brag. Here's one. AS they get more ink for their rapid rise, the fund will presumably garner more cash. Certainly, there's investment pull-back from banking, housing and some of the more traditional sectors.

The biodiesel folks must be gurgling with glee in their biomass filled goblets. And cheaper American dollars mean more foreign investors will find ways to buy a piece of the old U.S.A. as their investments will go even further. Of course,there'll be a temporary fear of U.S. stocks and companies while thwe dollar is in its current slide. But wait'll it hits the next low plateau. And with higher fuel prices you may see even more American corporations looking at alternative technologies to cut their fuel costs. Even some more American drivers may change their habits, or their vehicle of choice. Feet anyone?