Frank Holmes'  Instablog

Frank Holmes
Send Message
Frank Holmes is CEO and chief investment officer of U.S. Global Investors, Inc., a boutique investment advisory firm based in San Antonio that manages domestic and offshore funds specializing in the natural resources and emerging markets sectors. The company’s no-load mutual funds include the... More
My company:
U.S. Global Investors
My blog:
Frank Talk: Insights for Investors
My book:
Goldwatcher: Demystifying Gold Investing
  • Wind Power - Not Hot Air 1 comment
    Jan 28, 2010 9:12 AM
    America’s commitment to wind power isn’t all hot air.

    Roughly 10,000 megawatts of new wind-power generation capacity was built in the United States in 2009 – enough to provide electricity to nearly 2.5 million homes. That new capacity alone is adequate to power all of the homes in Colorado and Wyoming combined.

    All together, wind-power capacity now stands at about 35,000 megawatts, according to a report from the trade group American Wind Energy Association. That’s only about 2 percent of the nation’s electric-generation capacity, but since 2003, the annual growth rate has been nearly 40 percent.

    Read the Full Report*

    Our home state of Texas accounts for more than a quarter of the national wind-power capacity – wind farms, most of them in the western part of the state, provide 6 percent of the state’s electricity. Iowa and California are also big producers.

    About 85,000 people are employed in the U.S. wind-power industry, with jobs including manufacturing, installation and maintenance. Not only is wind an energy story, it’s also a major infrastructure story.

    The U.S. is the world’s leading wind power generator, but it’s also a growing energy component in China, where air pollution from coal-fired plants is a major health issue and potential threat to future economic growth.

    A recent story in The New Yorker magazine points out that wind-generated electricity in China has doubled each year since 2006, and that the country is a leading innovator in wind turbine design and production.

    Read the Full Story*

    The knock on wind is that it is not a viable power source in the U.S. without government subsidies, but that’s less of a knock than it used to be.

    The AWEA says the cost of wind-generated electricity has been slashed by 90 percent over the past two decades – taller towers, better turbines and economies of scale created by large wind farms have all contributed. As the industry grows in size and acceptance, the economics stand to improve further.

    *By clicking the links above, you will be directed to third-party websites. U.S. Global Investors does not endorse all information supplied by these websites and is not responsible for their content. The following security mentioned in the referenced articles was held by one or more of U.S. Global Investors family of funds as of 12-31-09: Apple Inc. #10-53

    Disclosure: Apple
Back To Frank Holmes' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (1)
Track new comments
  • Attila the Wimp
    , contributor
    Comments (82) | Send Message
    Show me one windmill factory that uses windmill generated power to build their windmills. There is no such critter. Even in Denmark, the epicenter of windmill building, the windmill factories are plugged into the local power grid to supply their power and the Danish power grid wisely does not depend on windmill power because it would have to shut down every day the wind didn't blow.


    Windmill generated power is NOT sustainable - it is the exact opposite. It is PARASITE power which cannot exist without parasiting off the local power grid. The same is true of the plants that manufacture solar power panels and the plants that make ethanol. The only exceptions are the ethanol plants in Brazil which operate off of power produced by burning sugar cane stalks. Even here I suspect these plants are hooked into the local power grid for their electrical needs.


    Don't be mislead by figures that show solar and ethanol and windmills increasing their power output. The more power coming from these bogus and parasitic shams is only an indicator of how fast they are sucking the life blood out of the REAL power grid.


    May the Cyclops eat you next to last
    28 Jan 2010, 12:18 PM Reply Like
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.