My first method of putting more cash back in your wallet is to eliminate ethanol. Lots of players are blamed for the surging prices of fuel and food from Wall Street speculators to Saudi oil ministers. But the real culprit here is Capitol Hill.
By mandating that a big portion of the corn crop be funneled into your gas tank, the government is raising both your food and fuel bills. What's more...the billions spent to develop and distribute ethanol is leaving America behind in the space-race for more viable alternatives.
Now is the time to take action. Eliminate the ethanol boondoggle. Get Washington out of your wallet. Vote for K-Fine in '09.
Okay, so we’re having a little fun. But Finerman really thinks that whomever wins the White House will come to realize that ethanol isn’t a viable energy alternative.
And Pete Najarian know’s how to trade it.
Money is flowing out of solar and energy right now he says. Look at the alternative energy names such as Cypress Semiconductor or Energy Conversion Devices, but not quite yet.
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Trader disclosure: On Sept 9, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (MSFT), (WMT), (UUP); Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (ETFC); Najarian Owns (AAPL) And (AAPL) Collar; Najarian Owns (LEH) Puts And (LEH) Put Spreads; Najarian Owns (RIMM) Call Spread; Najarian Owns (XLF) And (XLF) Collar; Finerman Owns (GS); Finerman's Firm Owns (GE), (MSFT), (SUN), (TSO), (VLO); Finerman's Firm Is Short (WB), (WFC), (XLF), (IYR), (IJR), (MDY), (SPY), (IWM), (BBT), (COF), (BAC); GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC