Fossil Fuel is Running Out

With the growing concern of the depletion of the world’s fossil fuels, finding substitute resources has lead to an increased interest in both the idea of sustainability and renewable energy sources. As the world slowly progresses towards this idea of renewable energy, many people are wondering which renewable energy source will last the longest. Though all renewable energy resources are better than the current depleting fossil fuels, the most promising renewable energy resource will depend on where the problem lies geographically. Therefore, for the northeast region of the United States, specifically Massachusetts, wind power proves to be the most promising renewable energy source due to the recent contracts made by the state with wind generating plants, it’s creation of the clean energy industry and Massachusetts’s geographic location.

To start, let’s go into exactly how this idea of sustainability comes into play with renewable resources. Sustainability is an approach to “economic growth while preserving the quality of the environment for future generations” (Cheever 1). “More than half of all planned energy projects in the Northeast Power Coordinating Council region…are renewable energy projects” a sign that the world is taking a step to become more sustainable (Bhanoo 1). Today a majority of the world’s population relies heavily on coal and other fossil fuels to provide all energy sources. If the global population continues to do so, future generations will not have access to these materials and will not have any other choice but to turn to other energy suppliers. As Craig Pirrong, professor of finance and energy markets director at the Bauer College of Business at the University of Houston, put it “All renewables are cursed...

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...e this new clean energy industry. However, as previously mentioned, the quality of renewable energy sources is all relative to where the resource will be used. For instance there are certain parts in the world that are dry and do not have strong enough winds to rely on wind power. For areas such as these perhaps solar power could work better. Looking at the different regions of the United States even they have different renewable energy sources. For the Midwest solar power is their most promising renewable energy source, while on the west coast it’s wave and tidal technology (Woody, MREA). Point being, there is no renewable energy source that will outlast the others mainly because not all climates of the world are the same. For our company though, wind power is the most promising and will in turn benefit our company should we choose to use renewable energy sources.