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Renewable Energy Reality: Coal
The Obama administration has made a big deal about renewable energy. Over the next several years, the new President has plans to spend roughly $150 billion promoting and enabling its growth. And with $700 billion flowing from the United States into OPEC’s pockets every year, I don’t think you’ll get much of an argument from anyone about the timeliness or the need for renewables.
But even with massive amounts of capital investment – and widespread adoption by utilities and end users – renewable energy will still only account for roughly 10% of world energy output by 2030, an increase of only…
15Jan2009 | Investment U | 0 comments | ContinuedOur Last Cheap and Abundant Energy Source
Coal Keeps the Lights on in America — Can We Make It Cleaner?
By a wide margin, the United States has the largest coal reserves on the planet. The coal supplies in the U.S. account for 95% of its fossil fuel reserves and a whopping 60% of the fuel reserves in the world, according to the American Coal Foundation.
Yes, coal prices have continues to rise across the globe. But of course, this pales in comparison to the continued run-up in petroleum, which has virtually paralyzed the wallets of many oil-reliant Americans.
The idea of a coal shortage is virtually unthinkable. We have…
11Jul2008 | The Penny Sleuth | Comments Off | Continued
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