The energy overhaul has many facets including a cap and trade system where businesses would buy and sell credits to emit greenhouse gases, making polluting less profitable but possibly raising oil prices for consumers.
Also, Obama hopes to allocate $15 billion a year to develop renewable energy and make old energy sources like coal burn cleaner.
And then there’s tax credits for plug-ins cars which could give hybrid automakers a much needed boost in sales.
Considering there’s so much coming, forget the first 100 days -- what’s the energy trade on the next 1,300?
I’d keep an eye on URS, says the Negotiator. It’s rich right now, but if it pulls back to mid-$30’s, it’s a buy.
I don’t think alternative energy gains traction until oil gets very expensive again, muses the Chairwoman. If you're bullish on alternative energy then my play is long oil.
With oil trading around $50, I'd buy calls in national apathy, bristles the Wolf.
I’d look at McDermott, Fluor as well as American Superconductor, adds the Pit Boss.
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Trader disclosure: On Apr 27th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Macke Owns (SDS), (WFC), (AAPL), (GE), (AGN); Finerman's Firm Owns (RIG), (UNH), (TBT), (ELX); Finermans Firm Is Short (IJR), (MDY), (SPY), (IWM), (USO); Finerman's Firm Owns (AXP); Finerman's Firm Owns (BAC) Preferred; Finerman's Firm Owns (C) Preferred; Finerman's Firm Owns(MSFT) & (MSFT) Put Spread; Najarian Owns (BX) Call Spread; Najarian Owns (INTC) Call Spread; Najarian Owns (MS); Najarian Owns (PALM); Najarian Owns (RHT) Calls; Najarian Owns (RIO) Calls; Najarian Owns (XHB) Cal Spread; Najarian Owns (XLB) Call Spread; Najarian Owns (RF); Najarian Owns (HES) Calls; Najarian Owns (CIEN) Call Spread
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