Headed in right direction:

Cleantech today posted yet another record-breaking investment quarter globally, with smart grid, thin film and algae biofuel technologies enjoying all-times highs in financing.

But observers caution that economic friction is expected to make for headwinds in the next quarter.

The third quarter brought in $2.6 billion across 158 companies in North America, Europe, India and China, bringing the year-to-date investment to $6.6 billion—surpassing investment in the sector for all of 2007 with three months to go, according to a report released today by the Cleantech Group.

Continued at Cleantech.com

…but it’s no where near even a single % point of daily oil expenditures…so far to go, so little time…