The Energy Bubble: CMEA’s Gunderson Says “Don’t Be A Lemming”
“Don’t be a lemming,” says venture capitalist Maurice Gunderson of CMEA Ventures, saying at the GreenTech 2008 conference Friday that there is a bubble in the energy industry right now. Gunderson, who was keynote at the green energy conference, said that we are currently in an energy bubble, much like the energy bubble of the 1970′s. He specifically pinpointed at three energy sectors which he believes are in a bubble right now: 1. corn ethanol, 2. commodity solar, and 3. plug in vehicles.
Citing both investment figures and the economics of those three sectors, Gunderson exhorted the audience to “suppress your inner lemming.” Despite the prognostication, Gunderson did say he believed that there were good investment opportunities in energy, and also said that there were plenty of (profitable) opportunities for exits for good energy companies — either through public offerings, or even through merger and acquisitions.
