The Basics on Renewable Energy
- Photovoltaic Panels - An Overview
- Setting up for Solar
- Sizing a Renewable Energy System
Energy Uncertainty
Our energy future is uncertain, and the public is overwhelmed with mixed messages about our oil and gas reserves: Are we headed for another oil crunch? How much are oil and natural gas prices expected to rise? Experts predict that world oil production will peak in 2020 at the latest, but the peak could occur as early as the year 2010.
After the peak, the amount of retrievable oil will be in decline, causing prices to rise. Fossil fuels currently provide 95 percent of the world's commercial energy supply, whereas renewable energy sources supply less than three percent. If we are going to approach our future with foresight, it would be wise to reduce our consumption of fossil fuels and invest in renewable energy at home as soon as possible.
Amory Lovins, an international expert in energy efficiency, suggests, “Oil scarcity may be the weakest reason for making the transition away from oil. Profit, climate protection, security, and quality of life are all more relevant and defensible.” If we continue on our present course, the United States' dependence upon other countries for oil could greatly increase. Yet, an alternate future where the U.S. decreases its oil consumption and increases its investment in renewable energy resources is not only desirable, but possible. Such an investment would free our nation from reliance upon other countries and would also boost the economy through innovative technology and employment. In fact it may be the best way out of our economic conundrum.
After the peak, the amount of retrievable oil will be in decline, causing prices to rise. Fossil fuels currently provide 95 percent of the world's commercial energy supply, whereas renewable energy sources supply less than three percent. If we are going to approach our future with foresight, it would be wise to reduce our consumption of fossil fuels and invest in renewable energy at home as soon as possible.
Amory Lovins, an international expert in energy efficiency, suggests, “Oil scarcity may be the weakest reason for making the transition away from oil. Profit, climate protection, security, and quality of life are all more relevant and defensible.” If we continue on our present course, the United States' dependence upon other countries for oil could greatly increase. Yet, an alternate future where the U.S. decreases its oil consumption and increases its investment in renewable energy resources is not only desirable, but possible. Such an investment would free our nation from reliance upon other countries and would also boost the economy through innovative technology and employment. In fact it may be the best way out of our economic conundrum.
Renewable Energy
Economically viable renewable energy sources are already available in today’s market. Wind farms are going up across the nation, providing electricity at the competitive wholesale rate of three to five cents per kilowatt-hour. Electricity from burning biomass (crops and crop waste) also sells at a similar rate. Shell Oil, the most successful company in the oil industry, estimates that “by 2010 commercial energy from biomass could provide five percent of the world’s power.
” The value of that energy production could be over $20 billion. Another up and coming renewable energy source is photovoltaic (PV) cells, which convert sunlight into electricity. As technologies improve and as the US government and local utilities offer incentives, PV wattage costs are becoming increasingly competitive.
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