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Well, it makes no sense to buy overpriced stocks. Say you are a German investor, or rather a German sovereign wealth fund, and you think Iberdrola stock is trading at to dear a price tag, so you won't buy any more shares. But you still like the idea of investing in Spanish power generation. In that case the step is not that great to start a company that orders, owns and operates new power plants in Spain.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Tue Aug 28th, 2012 at 03:14:43 PM EST
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