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Investing in Wind Farms and Wind Turbine Stocks
There was a time when I thought that wind energy stocks would be the growth industry of the future, especially in Kansas where the wind is strong year-round.
In fact, the State of Kansas has announced the planned construction of an $800 million wind farm.
That may sound great for wind energy investors. But, note that the subsidy in the form of Production Energy Tax Credits for wind energy will likely end at the end of 2012. Other states and other countries are planning to reduce the subsidy as well.
Well, it sounded like a good idea for a great investment, as it helps solve a tough problem. However, without the subsidy, the numbers do not work. So, for you investors who were planning on making a killing on wind energy stocks (including comanies that build turbines), think again. The subsidy is not likely to exist after next year.
Stanley Marvin Burnstein
Beauty In The Unexpected
Just before beginning my internship with United by Blue, I took the opportunity to travel in California with my family.
As many know, driving through the California hills is an incredibly beautiful experience. What I expected to be a simple scenic drive to Los Angeles turned into much more when I realized we were driving through San Gorgonio Pass Wind Farms; it completely took my breath away. And surprisingly enough, it wasn’t the scenic landscape that made my jaw drop, it was the fields of wind turbines spinning atop it. You can see how cool it looks from space with NASA’s satellite view of the mills at NASA’ Earth Observatory.
“”Wind turbine sickness” is far more prevalent in communities where anti-wind farm lobbyists have been active and appears to be a psychological phenomenon caused by the suggestion that turbines make people sick, a study has found. The study found that 63 per cent of Australia’s 49 wind farms had never been the subject of any health complaint from nearby residents. It found 68 per cent of the 120 complaints that have been made came from residents living near wind farms heavily targeted by the anti-wind farm lobby, and that ”the advent of anti-wind farm groups beginning to foment concerns about health (from around 2009) was also strongly correlated with actual complaints being made”. Study author, Simon Chapman, professor of public health at Sydney University, said the results suggested that ”wind turbine sickness” was a ”communicated disease” – a sickness spread by the claim that something was likely to make a person sick. This was caused by the ”nocebo effect” – the opposite of the placebo effect – where the belief something would cause an illness created the perception of illness. He found a much greater correlation between negative attitudes to wind turbines and reports of sickness than any ”objective measures of actual exposure”.”—