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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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Canadian Energy Companies News

Canada Hot Stocks: Galleon, COM DEV, First Uranium, Potash Corp. - Wall Street Journal


Globe and Mail

Canada Hot Stocks: Galleon, COM DEV, First Uranium, Potash Corp.
Wall Street Journal
Among the companies whose shares are making notable moves in Friday's session are Galleon Energy Inc. (GO.T), COM DEV International Ltd. (CDV. ...
CANADA STOCKS-TSX may open higher on data, Potash CorpReuters

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Report: BP is pursuing Devon Energy assets - The Associated Press


MiamiHerald.com

Report: BP is pursuing Devon Energy assets
The Associated Press
The company plans to use the proceeds to invest in its US and Canadian portfolio and to retire debt. BP is the largest leaseholder in the Gulf of Mexico ...
Reports: BP Nears $6 Bln Deal To Buy Devon Energy Assets - UpdateRTT News
BP to Pay Devon $7 Billion for Fuel AssetsNew York Times
Devon closer to land-only drilling: An agreement with BP trades offshore ...Trading Markets (press release)
Journal Record (subscription) -BusinessWeek -Reuters UK (blog)
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Energy minister defends royalty changes - CTV.ca


CBC.ca

Energy minister defends royalty changes
CTV.ca
The province will make it more attractive for oil and gas companies to do business in Alberta. Alberta energy minister Ron Liepert decided to pass on an ...
Oil patch ready to spend again, Alberta saysNational Post
Alberta hosts highest land sale of the yearCalgary Herald
Alberta backtracks on oil and gas royaltiesReuters
Globe and Mail -CBC.ca -Edmonton Journal
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Emera to buy Maine & Maritimes for $45 per share - Forbes


Proactive Investors USA & Canada

Emera to buy Maine & Maritimes for $45 per share
Forbes
AP , 03.12.10, 12:54 PM EST Canada-based energy and services company Emera Inc. said Friday that it will buy Maine & Maritimes Corp. ...
Emera (TSE:EMA) Announces it Will Acquire Maine & Maritimes (AMEX:MAM)Financial Advisory
Utilities' Merger Plan Raises Rate QuestionsMPBN News

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Siemens project to bring $170 million investment, 825 jobs - Bizjournals.com


Globe and Mail

Siemens project to bring $170 million investment, 825 jobs
Bizjournals.com
Siemens Energy executive Michael Süess outlines the company's plans for Charlotte. NC Gov. Bev Perdue (far right) touts the project as "another huge win" ...
Hamilton losing Siemens turbine jobsToronto Star
Siemens plans to expand Charlotte facility and add 825 jobsWFAE.org
Siemens to close Hamilton plant, costing 550 jobsCTV.ca
The Associated Press -Asheville Citizen-Times -CharlotteObserver.com
all 281 news articles »

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