Wind Power Can Solve the U.S. Oil Addiction

In recent months, heavy hitters like The Blackstone Group (BX), General Electric (GE) and T. Boone Pickens have stealthily invested billions into a single renewable energy source. JP Morgan Chase (JPM) revealed that it’s holding a $1 billion stake in the very same investment.

Even better, in the next five years, the governments in the United States, China and Europe will plow at least $150 billion into the same alternative, according to CLSA Research.

The timing couldn’t be more perfect, either. While wind energy costs are dropping, costs for competing technologies – coal, nuclear and gas – are headed in the opposite direction.

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