--- In [EMAIL PROTECTED], "Robert Seeberger" <[EMAIL PROTECTED]> wrote: > but because every MW of > wind power used is that many barrels of Middle Eastern oil we won't > need to purchase til later.
Actually, this is unlikely. Let's say that increased use of wind power results in a decrease in the price of oil (this too is unlikely since little oil is used for electricity generation compared to coal and natural gas). This decrease in the price of oil, would cause a little less oil to be supplied. However, since the oil produced in the Middle East is produced extraordinarily cheaply there, the oil that is no longer supplied is unlikely to be Middle Eastern. Rather, the displaced oil is likely to be expensively produced oil from marginal fields in developed countries like the US. Thus, if one's interest in alternative energy is to reduce reliance upon Middle Eastern oil, this is is, alas, exceedingly unlikely in the medium term, at least until such time as those alternative sources can produce oil more cheaply than not just the global market price of oil, but more cheaply than the Middle Eastern price of oil. JDG - They don't call it the "dismal science" for nothing, Maru... _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
