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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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Top Energy Stocks News

Placing Bets on Energy - New York Times


The Money Times

Placing Bets on Energy
New York Times, United States - Nov 21, 2008
Mr. Parlanti’s just-in-case approach is keeping him out of some stocks that others might expect to do best in rising energy markets. ...
The Oil Price Bubble Bursts And prices are falling a dollar a day Reason Online
Sector retreats on sub-$50 oil and $2 gasoline MarketWatch
Oil at 3-Year lows; gas below $2 in 23 News Channel 8
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Dow jumps nearly 500 points on report of Geithner nomination - Los Angeles Times


Boston Globe

Dow jumps nearly 500 points on report of Geithner nomination
Los Angeles Times, CA - Nov 22, 2008
The sector that gained the most, energy stocks, jumped 12% as oil prices climbed 51 cents to $49.93 a barrel, their first gain in six days. ...
Skittish markets finish with surge Kansas City Star
Wall Street stages late rally on Geithner news Reuters
Investor fear remains deep despite 1-day rally WJLA
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Underfunded pensions may bite US energy sector - Reuters


Vancouver Sun

Underfunded pensions may bite US energy sector
Reuters - 20 hours ago
N: Quote, Profile, Research, Stock Buzz) and other energy companies top the list of US companies with severely underfunded pensions -- a situation that may ...
US STOCKS-Bargain search lifts market, but Citi wilts Reuters
ADR Report-Bargain hunting lifts ADRs but drugs slide Reuters
FTSE slides 2.4 pct as Citi woes pile on pressure Reuters
Reuters - Reuters
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US Stocks Gyrate as Citigroup Concern Offsets Commodity Rally - Bloomberg


Reuters

US Stocks Gyrate as Citigroup Concern Offsets Commodity Rally
Bloomberg - Nov 21, 2008
S&P 500 energy companies rose 4.4 percent collectively for the top gain among the index’s 10 main industries. The advance came after the group’s valuation ...
US STOCKS-Dow, S&P edge up; Citigroup slides guardian.co.uk
US Stocks Slide on Concern Recession Is Deepening; GM Tumbles Bloomberg
GLOBAL MARKETS-US stocks plunge to decade low, flee risk guardian.co.uk
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I'm so sorry about the money you lost... - Kansas City Star


I'm so sorry about the money you lost...
Kansas City Star, MO - 12 hours ago
They forgot to mention that about 60% of the S&P 500 returns came from energy, materials and industrial stocks in the past three years. ...
Video: Dow Falls Below 8,000, S&P at 5-year Low AssociatedPress
Lightning, But No Thunder As Indexes Rally On Mixed Volume Investor's Business Daily (subscription)
Obama cabinet moves spark stock market surge SmallCapInvestor
The Epoch Times - Rocky Mountain News
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