There’s No Wind Beneath Our Wings
Wednesday, November 12th, 2008The only thing wind is good for now is to fly a kite.
T. Boone Pickens has delayed his 4,000-megawatt wind farm in the Texas Panhandle because lower prices for natural gas make it uneconomical.
Since the price of natural gas has decreased under $7 per million Btu, it would be more expensive to to produce energy from wind farms. Pickens says that natural gas prices would have to be over $9 per million Btu for wind energy to be advantageous.
This is another sign of how the low oil and natural gas prices have slowed down alternative energy. With the lower prices, people have been losing interest in alternative energy technologies. Once prices rise again, there will be a renewed push for alternative energy resources where businesses can make money from alternative energy sources.
