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Technology Stocks : American Superconductor (AMSC)

AMSC 35.70

-2.3%

1:17 PM EST

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From: David C. Burns	7/5/2011 2:20:31 PM
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According to the most recent issue of the "Monthly Energy Review" by the U.S. Energy Information Administration (EIA), renewable energy has passed a milestone as domestic production is now greater than that of nuclear power and is closing in on oil. During the first quarter of 2011, renewable energy sources (biomass/biofuels, geothermal, solar, water, wind) provided 2.245 quadrillion Btus of energy or 11.73 percent of U.S. energy production. More significantly, energy production from renewable energy sources in 2011 was 5.65 percent more than that from nuclear power, which provided 2.125 quadrillion Btus and has remained largely unchanged in recent years. Energy from renewable sources is now 77.15 percent of that from domestic crude oil production, with the gap closing rapidly. renewableenergyworld.com

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