Alternative Energy ETFs Taking a Hit as Crude Tumbles
January 23, 2015 at 16:39 PM EST
For the better part of the trailing year, crude oil epic collapse has captured headlines across Wall Street, as the commodity went from above $100/barrel in 2014 to below $50/barrel in 2015. Though many called for a bottom along the way, the fossil fuel has yet to let up its drop. Early this year, Saudi billionaire Prince Alwaleed bin Talal remarked that the world would never see $100 oil again, as production and supply around the world continue to roar. While crude’s drop has hurt a number of companies and funds dependent on its price, it has also had a marked impact on the other side of the energy coin: alternatives [for more ETF news and analysis subscribe to our free ETFdb Daily Roundup ].