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Strategies & Market Trends : Commodities - The Coming Bull Market

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To: craig crawford who wrote (274)6/16/2001 2:48:10 AM
From: craig crawford  Read Replies (1) of 1643
 
The Sun Rises On Alternative Energy
eyeforenergy.com

The winds of change are blowing in the energy sector, particularly in the field of renewable energy. Renewables, especially solar are set to grow dramatically over the near term as the industry comes to grips with the depletion of fossil fuels and the power shortages plaguing much of the globe. (6/13/2001)

The renewable energy sector is expected to grow as much as 28.5% per year over the next five years according to reliable sources. It should be noted however, that renewables are not expected to be a major threat to conventional oil and gas as most of the world and virtually all of the industrialized nations are still wedded to conventional fuels. But wind and solar will continue to grow, despite the renewed interest in conventional power plants. Growth in solar capacity will outrun that of gas turbines. Wind is also forecast to outpace other competing renewable electric generation resources.
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