Alternative energy, like solar and wind, are facing challenges because of the drop in oil and gas prices. Shares of alternative energy companies have fallen even more than the rest of the stock market this past month. All these financial issues are making it more difficult to invest in renewable energy projects. There is great concern that if oil prices keep dropping, people will be less likely to buy expensive renewable energy.
Both Senator Barack Obama and Senator John McCain are promising alternative energy sources to try and stop global warming. Obama is proposing creating about five million new jobs in the field of renewable energy to triple the country's electricity supplied by renewable energy.
McCain has been running advertisements promoting the use of wind turbine farms, which are currently the most popular and advanced form of alternative energy.
However, with all the financial issues, renewable energy projects are not at the top of the country's list of problems to be solved.
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