A Free Fuel That Tackles Oil Price Rises

Conventional economic wisdom goes something like this. Traditional energy is cheap and renewable energy expensive. Therefore we should ‘wait’ until the day renewables become cost competitive before they can be considered a realistic proposition. This viewpoint may have been true for the last two oil crises – in the 1970s, when modern wind power had not been invented, and in the 1980s, when wind was in its R&D phase. But with wind energy now an advanced technology it is an outdated fallacy, overtaken by today’s energy realities.

Compared with these constraints, wind power has zero fuel price risk, zero fuel costs and extremely low operation and maintenance costs. In addition, wind provides total protection from carbon costs, and zero geo-political risk associated with supply and infrastructure constraints or political dependence on other countries. Wind power has no resource constraints; the fuel is free and endless.

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