Ted,
With the exception of the NE and the PNC, NG provides residential heating for most areas of the country. Here in the PNW its probably 50/50.
Conversions to natural gas have been going on for a while, and I am sure the pace may be picking up now, at the current prices. So the market does work, it just takes time. Hopefully, in the near future, we will figure out how to make electricity cheap enough, so that the the home-owners will have an incentive to switch to electric heat.
He is "plunging in" as you put it.....he's building a huge wind farm in TX:
That's an impressive project. 4,000 megawatts of electricity.
I hope it goes through.
Very true.......that's why there needs to be a way to store the energy when its not needed. I don't know if we have the technology yet to do that. Right now, the best that wind can do is allow other oil or coal driven generators to go off line while wind is working.
Storage is a problem, and so is the need for back up power sources, which raises the overall cost. But any contribution helps and as long as money goes into research and commercialization of the different sources, market will pick the winners, and more investment capital will flow into the winning technologies.
Joe |
