Search For Alternative Energy Resources Gaining Speed
When the cost of electricity goes up it usually takes the price of everything else along with it. Production costs rise, the price of goods goes up and for many people, their cost of living also increases. Pollution, global warming, high oil costs and the threat of running out of non-renewable resources had put a spark back into the search of alternative energy resources. Hybrid vehicles and solar powered homes are beginning to be more accepted as ways of the future.
Most environmentalists have been cautioning the world for years that the current methods of producing electricity are not going to around forever. Using coal and oil products to turn turbines to make electricity, they warned, is going to deplete the supply and alternative energy resources will be needed. They often advised the time to act was before the supplies were gone. Additionally, they stressed the importance of alternative energy resources that did not pollute the air, water and send particulate matter into the wind.
Technology Still In Its Infancy
The use of water to supply power has been around seemingly ever since electricity and windmills have been supplying power in many areas of the world for decades. The use of solar power is becoming more acceptable and using the water, wind and sun as alternative energy resources are still being examined. While many technological advances have been made, developing a cost-effective production method is still in its early stages.
When these technologies were first introduced there was no real financial incentive to continue development. Prices for coal and oil were still low and methods to clean the air at coal-fired plants kept pollution concerns to a minimum. However, recent increases in coal and oil prices and threat of running out has made the hunt for alternative energy resources more urgent.
Lack Of Competition Keeps Prices High
Many blame the cost of the technology for the prices of using alternative energy resources, but most agree that a lack of competition among companies using them are the biggest culprit. Many contend the prices for alternative energy resources is artificially inflated using the supply and demand calculation that the supply has not increased sufficiently to offset even the slightest increase in demand, which sends prices even higher.
Many countries have initiated incentives for companies and individuals to find alternative energy resources that can save natural resources, reduce prices and save the environment. The scare of global warming has many looking at new methods of producing power without producing a hotter environment.
