Word: fossils
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...always will be. For decades the same has been said of the renewable-energy industry. Someday soon, its promoters kept promising, solar cells and wind turbines would produce electricity more cheaply than would traditional plants burning coal and oil and natural gas. There have been many false dawns, as fossil-fuel prices soared and then swooned. But the promised day appears finally to have arrived at, among other places, windswept hilltops in Texas and Colorado. On King Mountain, near McCamey, Texas, Renewable Energy Systems has teamed with Cielo Wind Power to build one of the world's largest wind-powered...
European and Japanese renewable-energy firms have prospered in part thanks to citizen commitment and government subsidies far more generous than those available to U.S. firms. A greater advantage for the foreign firms, however, is the higher price charged in their home countries for electricity generated by fossil fuels. Governments in Europe and Japan heavily tax oil, gas and coal to capture some of the hidden costs--from pollution and global warming to vehicular traffic--of consuming it. In the U.S., solar and wind energy have looked less attractive--at least until recently when fuel-generated electricity prices spiked...
...also powers the refrigerators on some of its delivery trucks through solar panels on the vehicles' roofs. Denmark's government used to subsidize the installation of wind turbines but abolished the program in 1989, when wind power was regarded as fully competitive with electricity produced from heavily taxed fossil fuels...
...Fossil Fuels Rule...
...conclusions of the energy task force headed by Vice President Dick Cheney to push production of fossil fuels and nuclear power appear obviously sensible to me [BUSINESS, May 7]. All sources of energy were considered, along with availability and drawbacks. In order to alleviate the serious energy shortage that the U.S. faces, there are no other alternatives except living in the dark much of the time. Conservation alone will not do the job, and new energy sources are still years away. We are going to have to bend some of the rules for environmental protection for a while in order...