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Why We Need Energy Alternative

We are in the midst of an energy crisis. The price of a gallon of gas is sky high and there is a great deal of trouble-brewing in the Middle East, Iraq and Iran and other areas. These problems have made it clear to many United States citizens that we have an oil-driven economy.

 

As Americans we need to develop new directions for energy supply and the production of it. We certainly need to reduce the dependency on oil and look for alternative resources. Experts believe there is no such thing as cheap oil and they will continue to pay a high price and in the future, it will be much higher. This expense will grow in the future unless we can locate alternative sources of fueling our technologically advanced civilization. We need to find innovative sources that can be alternatives to oil.

Environmentalists would argue that we need to switch to other forms of energy because the present forms are damaging the atmosphere and climate.

There are other issues as well such as global warming, and other means of destructing the environment such as air and water pollution.

Coal is another source of energy that is counter productive. It is filthy and it is very hazardous to mine and is destroys the environment. We can also look towards new methods of producing electricity that we presently use so they have less impact on the environment.

There are nations developing and becoming more industrialized that will also need the of alternative forms of energy research and development. Other countries are also contributing to the environmental damage. The United States, and other European nations have initiated studies to look for alternative energy sources, and could lead the way in doing far less environmental damage than the United States is.

The developing nations need to look to the West who is in the process of getting help from the government and private companies who are researching alternative sources of energy. We could and should be at the forefront of research on alternative energy sources. We could certainly reap the benefits of marketing the technologies and services to other nations.

There are alternatives such as Biofuels from trees and beans, hydroelectric technology and development, natural gas, hydrogen cells, atomic energy plants and the development of solar energy.

More research needs to be done on the use of wind and solar power as well as the use of electricity and hydrogen. There is a great deal of potential out there if we widen our scope and look for alternative means to fuel our cars and maintain our technologically advanced society. Hopefully when we look towards the future it will be green.


 

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Alternative Energy News and Information


Canadian Energy Companies News

Canadian stocks reverse to losses; energy weighs - MarketWatch


Canadian stocks reverse to losses; energy weighs
MarketWatch
The materials sector also bolstered Canadian markets, as major resources companies, such as Barrick Gold Corp., Potash Corp. of Saskatchewan and Suncor ...
Canadian stocks reverse earlier gainsMarketWatch
Canadian stocks close down, weighed by energy stocksMarketWatch
Canadian stocks, crude futures extend lossesMiddle East North Africa Financial Network
Insurance News Net (press release)
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Suncor, Cenovus Push for Higher Output From Oil Sands After Prices Climb - Bloomberg


Globe and Mail

Suncor, Cenovus Push for Higher Output From Oil Sands After Prices Climb
Bloomberg
The company got 53 percent of cash flow in the second quarter from oil-sands operations, according to its earnings statement today. The Canadian companies ...
Cenovus Energy shares drop as earnings disappointReuters
Cenovus Energy shares drop as results disappointMarketWatch
Cenovus Profits, Cash Flow Plummet On Weak Gas, RefiningWall Street Journal
NASDAQ -Globe and Mail -CanadianBusiness.com (blog)
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Suncor shifting cash flow for more dependancy on oilsands - Fort McMurray Today


CBC.ca

Suncor shifting cash flow for more dependancy on oilsands
Fort McMurray Today
During that financial report, George added that when the company, now Canada's largest energy company, finished its asset sales and near-term growth plans ...
Suncor Energy 2Q Results Benefit From Petro-Canada Buy >SUWall Street Journal
Suncor Energy Swings To Profit In Q2 - UpdateRTT News
Suncor Energy Reports Second-Quarter Profit as Prices, Production GainBloomberg
Reuters -MarketWatch -FavStocks (blog)
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US Warned on Corrosion Checks on Pipeline in Midwest Oil Spill - Wall Street Journal


msnbc.com

US Warned on Corrosion Checks on Pipeline in Midwest Oil Spill
Wall Street Journal
US government regulators warned a Canadian company seven months ago that it wasn't properly monitoring corrosion on the pipeline that ...
Gov't warned company about oil pipeline monitoringThe Associated Press
Energy company, EPA double efforts after Michigan oil spillCNN
Michigan oil spill: Could this have been prevented?Detroit Free Press
MarketWatch (press release) -UPI.com -Examiner.com
all 2,631 news articles »

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Agnico-Eagle Mines Ltd., Goldcorp, Suncor Energy: Canadian Equity Preview - Bloomberg


Agnico-Eagle Mines Ltd., Goldcorp, Suncor Energy: Canadian Equity Preview
Bloomberg
Cenovus Energy Inc., Canada's sixth-largest energy company by market value, sank 4.8 percent after missing the average analyst estimate of profit by 53 ...

and more »

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