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Strategies & Market Trends : Commodities - The Coming Bull Market
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To: craig crawford who wrote (272)6/16/2001 2:35:39 AM
From: craig crawford  Read Replies (1) of 1643
 
U.S. Wind Energy Takes Root
eyeforenergy.com

Using figures from two federal government agencies, analysts at the wind energy association calculated that the wind resource of the Western and Midwestern states is bigger in energy terms than the oil resources of Saudi Arabia, or more than enough to generate some 10.8 trillion kWh annually. So, the wind industry group says, in 15 years, U.S. winds could generate more electricity than all of Saudi Arabia's oil, without being depleted.

If wind is compared directly with oil in raw energy terms, the comparison is less advantageous because two-thirds of the energy in a barrel of oil is lost when it is burned to generate electricity," the American Wind Energy Association acknowledges. Even so, in 45 years, U.S. winds could produce more energy than Saudi oil reserves, without being depleted.
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