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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: quehubo who wrote (57896)1/30/2006 1:08:16 AM
From: Snowshoe  Read Replies (1) of 206298
 
The Dow Jones Newswire item misquoted the AWEA press release, and over-estimated the ng savings per MW of windpower by 200%. Here is what the original AWEA press release said:

"AWEA estimates that an installed capacity of 9,149 MW of wind power will save over half a billion cubic feet of natural gas per day (Bcf/day) in 2006, alleviating a portion of the supply pressure that is now facing the natural gas industry and is driving prices upward. The U.S. currently burns about 13 Bcf/day for electricity generation, which means during 2006, wind power will be reducing natural gas use for power generation by approximately 5%."

awea.org

This is how the Dow Jones reporter mangled the story:

"According to an American Wind Energy Association (AWEA) report released Tuesday, a record 3,000 megawatts of new capacity will be installed in the U.S. in 2006, enabling the world's biggest energy consumer to lessen its consumption of costly natural gas by 5% and cut down on carbon dioxide emissions."

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