Saturday, May 2, 2009

Can Federal Funds Prop Up the U.S. Wind Biz?

The wind power energy industry is one to keep an eye on in the future. I think that right now it has a good chance of becoming a major source of energy for us in the long run if we start developing the technology that makes it much more efficient to use on an everyday basis. I know when I have passed wind farms in California they seem to be doing a good job of turning the wind into power, but there is still room for major improvement. The person who I think stands to benefit greatly from this switch would be Boone Pickens the oil tycoon given his commitment to becoming the nation's leading wind power producer. It is guys like him that make this wind solution viable because they have the ability to ride out the tough times with the development right now and can continue to do valuable research. The stimulus money that has been targeted towards wind energy is not enough to cover the costs needed to get this thing in great motion, but it is a nice start and the tax credits and loans that the federal government is providing to wind users is something that could be very beneficial in terms of getting things churning.

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