Seeking Alpha

Old Wizard » Comments » Single Comment |

  • All of the Motor-Fuel Alternatives to Conventional Crude Oil Stink [View article]
    Ther is a little of Western Union's rejection of the telephone in this article. While I agree that oil is the most efficient source of energy and that we should develop our domestic resources, especially in the short term, I think a concerted effort to employ and make more efficient wind and solar makes sense. The Cape wind project on Cape Cod is a case in point, where 80% of the electrical power can be provided by off=shore windmills ,economically, competitively. That power is currently provided by an oil-fired plant that uses 750000 gallons of oil per day. The project is opposed by powerful political people even though a majority of residents favor it. Less importation of oil from undesireable places is also a stategic issue.
    Jun 25 12:31 pm |Rating: 0 0
All Comments by Old Wizard »