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Ignore The Words Of The Politicians: Buy Solar

Solar

Drawing conclusions about trading and investing based on the words of any politician is a dangerous game at the best of times, and the evidence so far suggests that that is even more the case when it comes to President Trump. He is, as businessmen usually are, a pragmatist at heart. The lack of a politician’s clear ideology makes him react to each situation as he sees fit, regardless of what he said or did in the past. Now you may see that as a good thing or a bad thing, but the one thing that it undeniably is is confusing. So, if the President’s words essentially mean nothing, where is a poor trader to look for inspiration?

A much better guide as to policy can be divined by looking at the record of his appointees, and from that perspective one of the assumptions about Trump’s energy policy looks to be mistaken. Candidate Trump’s strong support of fossil fuels, with talk of revitalizing the coal industry and releasing America’s resources of oil and gas, naturally led to the assumption that the alternative energy sector, solar and wind power in particular, would suffer under his administration. To many the appointment of Rick Perry, former Governor of oil rich Texas, as Energy Secretary confirmed that view.

If we look at Perry’s actual record in Texas, though, that assumption looks erroneous. Sure, he did whatever he could to facilitate oil and gas extraction, minimizing regulations and restrictions at the state level. What many…

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