“So we have a choice to make. We can remain one of the world’s leading importers of foreign oil, or we can make the investments that would allow us to become the world’s leading exporter of renewable energy. We can let climate change continue to go unchecked, or we can help stop it. We can let the jobs of tomorrow be created abroad, or we can create those jobs right here in America and lay the foundation for lasting prosperity.” -President Obama, March 19, 2009
As an increasing number of households in China, India and other advancing overseas economies join the world’s middle class, they’ll start making such basic purchases as electronic goods, houses – and automobiles. The fact that China’s oil imports jumped 18% in one month is evidence enough that this is happening. And the fact that leading India automaker Tata Motors Ltd (TTM) has unveiled a $2,500 dollar car, the Nano, underscores that international carmakers are looking to recruit a whole new group of motorists. Couple these facts with the U.S.’ consumption of 21 million barrels of oil per day and the net result is not only the accelerated depletion of a valuable finite natural resource but an exponential increase/advancement of carbon emissions and other destructive “Greenhouse” gases.
To meet the challenge of an ever increasing Demand juxtaposed to an ever decreasing Supply, President Obama has recently called for higher fuel efficiencies, i.e. 35 mpg for some of the 2011 car models sold in the U.S., as well as further exploration of alternative sources of energy and fuel. U.S. Entrepreneurs and the Government are stepping up to the challenge by exploring alternatives such as Wind Energy to off-set our insatiable consumption. One Such Entrepreneur from Texas, proposes to build an experimental Wind Energy power plant (in Pampa, Texas) that will serve as an initial model for the next evolutionary step in Energy generation. This plant will not only produce/generate approximately 4,000 Mega Watts (MW), which is enough energy to power 1.2 Million U.S. homes, but will also result in the creation of thousands of “Green Collar” jobs.
Why Wind energy? The U.S. Department of Energy has indicated that Wind energy can provide in excess of 20% of our overall energy needs, approximately the same percentage of energy production provided through the use of Natural Gas. With Wind substituting Natural Gas as an energy fuel, Natural Gas can solely be used as a transportation fuel. This would reduce our need for Imported Oil by nearly 40%, a reduction of approximately $300 Billion dollars in annual Foreign Oil consumption. In addition, the use of Wind generated energy provides a “clean” alternative to the use of carbon emitting fossil fuels.
For the economy this would mean lower prices at the pump as well as additional revenue streams from newly created jobs in the area of Power generation, Facility/Community retro-fitting, alternative vehicle production, and Wind Mill/Generator manufacturing. Thus solving a new and increasing problem using an old and “Sustainable” alternative