I am not so sure power demand will continue to be strong......
Remember these days...."over a hundred billion dollars must be put into new power generation capability by 2010 to meet demand"??? I was looking at my SI mailbox from back in '99. A lot has changed since then.
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A rebuttal of coal and big endorsement of Nat Gas!
Friday July 9, 11:40 am Eastern Time
Company Press Release
SOURCE: Allied Business Intelligence, Inc.
Expect Deadly Energy Shortages - They Are Here to Stay, ABI Says
OYSTER BAY, N.Y., July 9 /PRNewswire/ -- The phrases are now familiar: ``rolling blackouts,' ``low voltage,' and ``brownouts.' All of the terms will become more common due to one fact: the next five years will be filled with nationwide energy shortages caused by an unprepared US power industry. ``These energy shortages are just symptomatic of a situation that is going to get much worse before it gets better,' said ABI senior analyst Mike Kujawa. Kujawa authored a recently released ABI report which spelled out how the nation's energy demands are now exceeding the existing energy supply.
In anticipation of the new competitive nature of the energy industry, utilities stopped building power plants about a decade ago, waiting to see how the new world of deregulation panned out. However, the booming economy of the past ten years saw energy needs continue to grow at a rapid pace.
As billions of dollars are invested by 400 independent power producers nationwide, still not enough is being done. The study shows that over a hundred billion dollars must be put into new power generation capability by 2010 to meet demand.
more.....
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