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America Needs More Power… Can The Wind Industry Provide It?
From The Cities… To The Fields… And Back Again
In the waning days of the Great Depression, Franklin D. Roosevelt signed the Rural Electrification Act (REA) of 1936 into law, heralding a new era of growth and prosperity for the U.S. heartland.
You see, while electricity was generally available in cities and towns, it was nearly unheard of on farms, ranches and other rural areas. But the REA brought electric power to these sparsely populated Midwest farms and ranches.
Today, we’ve got the opposite situation.
President Obama is hoping that rural areas in the Midwest will return the favor by providing much needed wind-generated…
3Aug2009 | Smart Profits Report | 0 comments | ContinuedWind Power: Pickens Lobbies, While China Acts
Wind power should account for 20% of U.S. energy needs within a decade – compared with virtually nothing now – as the country’s energy needs are increasingly taken care of by sources of alternative energy, former Texas oilman-turned-wind-power-entrepreneur T. Boone Pickens told Congress last week.
Speaking before the Senate Homeland Security and Government Affairs Committee, the legendary investor warned that crude oil prices could rocket past the $300 a barrel level within the next 10 years as global reserves decline.
Pickens also was there to lobby for the construction of energy transmission lines from his Texas-based wind power Pampa Project, currently under construction,…
28Jul2008 | Money Morning | Comments Off | Continued
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