Friday, February 08, 2008

Pressure, Private Cash Driving Clean Energy

Mallory Overstreet/Oil and Energy/2-8-08/3:05pm/Blog 4


Since prices for oil have risen to extreme amounts the past few years, everyone is looking for other options in oil and energy. Other options include biofuels, solar power, wind power, and of course nuclear and hydroelectric power. These options are a more natural and safe way of getting fuel and energy to use for our society. Another positive to using these options is they cost less money, and they are good for the environment. These things combined make everyone happy!
To get the ball rolling on finding new resources, an energy research group has found that more than seven trillion dollars will be invested in the clean energy technologies by the year 2030. This money is coming from private investment and pressure from the public to bring down prices and have a cleaner and more safe environment. A spokesperson from Cambridge Energy Research Associates states that most of this money will probably be put towards nuclear and hydroelectric power. However, wind power, solar power and biofuels are said to gain the most from this research. The research Associates have also stated that they have found out about new plants that will help convert energy from more natural resources. Since more and more people are becoming involved with the health of the environment, it will be easier to find new ways to get useful energy and oil.
I think that there are many ways to use our environment to create oil and energy. Now that the public is paying more, we have gotten more involved in finding new answers. I believe that if this research and encouragement to help our environment continues, we will find newer and better ways to live.


http://www.cnn.com/2008/TECH/science/02/06/clean.energy.ap/index.html?iref=newssearch

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