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Alternative Energy: Is it Worth the Investments
from: ForsgrensOil prices are going nowhere but up and the world market has continuously witnessing the record-breaking heights of oil prices. Added to that, the dispute in oil is still very much alive as it was during the 90's and might not end in our lifetime. In fact, it might not end at all. With the way things are going, oil prices may not go down. It may not even achieve the price stability we wish.
Now, with oil prices outrageously going higher and higher, several ventures have been taking place in order to tap other resources that are environment friendly, clean, and most importantly cheap. Alternative energy is moving strong and showing big hopes to minimize the demands for oil at the same time preserve the environment for future generation.
For clarification, alternative energy already exists long before we discovered that the supply of oil might run out but not until recently that this is taken seriously.
Alternative energy investments are pouring in to support this promising industry. There are risks involve of course, but would it be better to support a promising star than an old but more popular one? Okay, you might ask: Is it worth to invest on alternative energy?
The United States has not yet fully embraced the value of alternative energy. Until now, most of energy consumptions use to power houses and businesses come mainly from petroleum. The second largest energy source is natural gas followed by coal and nuclear energy. Only a portion of the total usage is covered by alternative energy considering that there are several forms of it.
The problem now is: Is there any demand to put up such big investments? Most of the existing power plants today use petroleum, natural gas, coal, or nuclear energy to produce electricity. And these are sufficient enough to provide power to major cities. However, power demands may increase in year�s time as population grows. At the same time, these known resources are fastly exhausting. The environment is also greatly affected with these energy sources. Soon, what we have today may not sustain us any longer.
Thus, there is a great need to find several means to produce power. Alternative energy is the best place to seek for shelter.
There are also several advantages when alternative energy is used. First, it uses natural energy inherent on earth so it is clean and safe. If does not produce harmful gases like petroleum. Once an alternative energy plant is built, power is virtually free. Or, if there is a need to use power, it will readily come to the power these plants produce.
However, like any other investments, placing your money on alternative energy would mean several risks. First, it is new and it may not be successful in the end. Although it is clean and safe, there is a great possibility that in the end, it may end up harming the environment. And, this multi-billion dollar industry has not yet proven its worth and has not yet established itself to be the best alternative to fuel. Until now, fuel is still the most efficient mean to power the world.
Yes, it is true that there are pros and cons, but the real point is, if there is a need to come up with an alternative, the alternative energy may still be a good investment after all.
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Alternative Energy Associations News
As Senate Trio Advances Climate Measure, Energy-Only Bill Remains a Possibility - New York Times
 CBS News | As Senate Trio Advances Climate Measure, Energy-Only Bill Remains a Possibility New York Times That bill (S. 1462 (pdf) includes a renewable energy standard and offshore oil drilling but no cap on greenhouse gas emissions -- a centerpiece of the ... Senators Share Emission Bill's Details With Industry Groups |
Report says China is squeezing US firms out of its massive wind-power market - Dallas Morning News
 Energy Tribune | Report says China is squeezing US firms out of its massive wind-power market Dallas Morning News "They've used every measure you could possibly think of to enhance production of renewable energy equipment in China," said report author Alan Wolff of the ... Governors Seek National Power Standard to Boost Wind Industry Wind could supply 40% of Nebraska's power, says study New Clean Jobs, Energy Independence Hinge on National RES Passage |
Taking Your Home "Off The Grid" - San Francisco Chronicle
Taking Your Home "Off The Grid" San Francisco Chronicle According to the American Wind Energy Association, wind turbines can result in a 50-90% reduction in utility bills for all but the summer months. ... |
More Firms Join Desertec Solar Project - New York Times (blog)
 Your Industry News (press release) | More Firms Join Desertec Solar Project New York Times (blog) ”We believe that North Africa is ideal for renewable energy technologies,” said Pia Alina Lange, a spokeswoman for First Solar in an e-mail message. ... First Solar Sells 30 Megawatt Solar Photovoltaic Power Project to Southern ... |
Energy Conference set March 27 - Deseret News
 The Guardian | Energy Conference set March 27 Deseret News Hosted by the Utah Solar Energy Association, the event will feature details about a new Utah State Energy Program rebate for home and business owners; ... NREL Opens Detailed Solar Info to the Web Southern-Turner Joint Venture To Buy First Solar Plant First Solar sells 30-megawatt plant in New Mexico |