NEW YORK - With the sharp increase in oil prices, industry observers have expressed conflicting views over whether the alternative energy sector might harbor some prudent and rather profitable choices for investment managers and their clients.

At a press conference last week in midtown Manhattan, Richard Driehaus, chairman and CIO of Chicago-based Driehaus Capital Management, said he's bullish on securities linked to alternative energy and environmentally conscious and renewable energy sources, such as wind, solar and hydrogen fuel cells. He believes that the way things stand presently, these could be the hot picks for the near future.

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