17 November 2008
It’s about time for renewable energy
Posted by Cecilia under: Economy; Energy .
It’s no question that high energy prices boost invesment and development of renewable energy. During the most recent run up in fuel prices discussions about solar and wind energy moved from the drawing board to the board rooms.
Investor and billionaire T. Boone Pickens launched his own plan to combat high energy prices this year. He leased hundreds of thousands of acres of land in West Texas to boost the use of wind energy. The largest planned installation in the US, Pickens put up a portion of his own money in hopes that wind could ease the dependence on foreign oil.
Now that oil prices have returned to earth, Pickens has decided to scale back in his alternative energy plan. Despite the fact he’s convinced oil prices will rebound to high levels he plans to reduce near term expenditures on his campaign.
It’s unfortunate that we only place importance on alternative energy when we encounter high oil prices. It’s about time to incorporate renewable energy into daily life, not only to reduce our dependence on foreign oil but to protect the environment and the earth’s future.
One Comment so far...
Today in Sikantis - November 17, 2008 « Sikantis Says:
17 November 2008 at 1:04 am.
[...] Innovative News - It’s about time for renewable energy [...]
