Oil Reserves Diminishing...Investing in Alternatives
By: Jane Kirton
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March '06 Nigeria: oil pipeline sabotaged Iran: Oil supplies of questionable security European Union: Talks between the European Union & Iran prove unsuccessful Vienna: International Atomic Energy Agency meet to discuss nuclear energy. Feb '06: Saudi Arabia: Dhahran: Abqaiq: foiled attempt by Al-Qa'ida to blow-up major oil processing plant Riyadh:Al Qa'ida cells stage shoot-out said to be associated with Abqaiq incident USA:US Dept of Energy: Alberta's oil sands predicted to produce 3 million barrels daily by the year 2010. Claims of the sands holding reserves second only to Saudi Arabia. Jan '06: USA: President George W Bush announces that the US aims to reduce America's dependence on oil imports from unstable Middle Eastern countries by 75% on / before the year 2025. Oct '05: USA: Utah Senator Orrin Hatch states "Canada poised to surpass Saudi Arabia as the World's oil giant in the 21st century"... With the rapidly diminishing supply of crude oil and society's increased dependence upon it, what are our alternatives for energy derivation? Would the inclusion of such emerging alternative energy sources provide a beneficial inclusion to our investing portfolios? The ideal energy source should be renewable, environmentally friendly with little/no noxious emissions, abundant, cheap, and easily distributed. Many alternative energy sources have been developed and are in use today (to varying degrees) throughout the World. Such broad spectrums include solar power, geo-thermal energy, micro-turbines, wind power, marine energy, nuclear power, ethanol, hydrogen, lithium-ion batteries, bio-gas, bio-mass, and alternative oil sources e.g. palm oil. But, how viable an investing strategy would these stocks prove?...
Solar Power: Semi-conducting photo-voltaic cells converting sunlight into direct current. They require nil maintenance (having no moving parts), produce nil emissions, are silent running, and are crucial to fully distributed hydrogen economy. Stocks:e.g. BP Solar, Capstone Turbine Co., Cypress semi-conductor Corp., Evergreen Solar Inc., Sunpower Corp. Wind Power: It is anticipated that wind power could produce up to 20% of US electricity in the not too distant future. It remains one of the cheapest forms of renewable energy (proving cheaper than solar), but requires more remote areas and distribution networks. Off-shore wind farms are proving successful, the biggest being Denmark's Nysted venture completed in '03. Stocks:e.g. Midwest Wind Energy Finance, LLC (provider of equity & financing for renewable energy) Marine Energy: Wave and Tidal Stream Farms are said to be set to produce up to 20% of the UK's current electricity requirements, having the potential to forge a long-term business opportunity for European Industry (The Carbon Trust),giving an estimated worth of 600 billion GBP.
News and discussions exploring the options are to be found on our website.
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Intrinsic Lifestyles: Investing education for wealth creation. Expert proven investing strategies generating cashflow and to make money. Free dvds etc. Visit www.intrinsiclifestyles.com
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