Oil Prices Break the US$50 a Barrel Mark

For the first time in history, oil prices topped the US$50 dollar per barrel mark. Adjusted for inflation, this isn’t quite as high as the oil shock of the seventies, but it’s the highest nominal price point for oil so far.

September 28, 2004 [SolarAccess.com] Jim Gordon, developer of the Cape Wind, wind farm proposal off the coast of Massachusetts, saw this as an opportunity to highlight the importance of shifting toward renewable energy. “Just the price of the foreign oil alone, without factoring in the devastating effects on our health and environment from burning fossil fuels, should be enough to convince policy makers, public officials and everyday citizens that we need to stop the decades-old rhetoric and act now to reduce our reliance on foreign oil,” Gordon said. The proposed 420 MW Cape Wind project, harnessing the winds on Horseshoe Shoal, will generate as much energy in a year as an oil power plant would by burning 113 million gallons of oil, according to Gordon. Every bit of that energy doesn’t need to be imported from the Middle East. The Cape Wind proposal is currently undergoing regulatory permitting through a lengthy research and approval process. A comprehensive environmental impact statement is expected this fall. Cape Wind http://www.capewind.org NextEnergy to Host AET SBIR Grant Workshop September 28, 2004 [SolarAccess.com] Government grants should keep the Alternative Energy Renaissance growing in Michigan. Energy technology accelerator program NextEnergy will sponsor an Alternative Energy Technology Small Business Innovative Research (SBIR) Grant Workshop on October 4, 2004 at Tech Town in Detroit. This day long workshop will offer an opportunity to learn how to develop and write successful government grant proposals for innovative AET and Manufacturing research and development. NextEnergy is a non-profit corporation formed to accelerate the alternative energy technology industry in Michigan. The organization provides an alternative energy demonstration and testing platform, business accelerator services, office space, and state-of-the-art educational and laboratory facilities to companies developing alternative energy technologies. Shepherd Advisors and Small Business Association of Michigan will join NextEnergy as event partners. To find out more about the workshop please visit the link below, or call Lock McCabe at 734-665-5410 Grant Workshop Information http://www.sbam.org/sbam0304/htdevelopment_center/seminar/nextenergysbir.htm
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