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11.05.2010

US stimulus plan seen having positive impact on Arab world

US stimulus plan seen having positive impact on Arab world --
"Higher oil prices will mean larger surplus dollars that seek investment outlets including equity markets," he said.



Abdul Jalil Mustafa- 





Nov 4, 2010-US stimulus plan seen having positive impact on Arab world
Arab News

Nov. 5, 2010 (McClatchy-Tribune Regional News delivered by Newstex) -- AMMAN -- The Arab countries, particularly in the oil-rich Gulf region, stand to benefit from the US Federal Reserve's quantitative monetary easing, economists and financial analysts said Thursday.

They expected the US stimulus plan to give a hand to struggling Middle East equity prices and push up oil prices on the world market, enabling Arab oil producers to collect larger surplus petrodollars.

The US central bank on Wednesday decided to buy 600 billion dollars in additional bonds to boost the sluggish economy.

"I believe the US step will have a positive impact on both Arab stocks and oil prices in the short term," Jawad Anani, a prominent Jordanian economic expert and columnist, told Arab News.

"In the medium term, the US stimulus plan will push up both prices and interest rates," said Anani, who runs an economic consultancy bureau in Amman.

However, Anani expected the Fed's quantitative monetary easing to put downward pressure on the dollar, due to the large quantities of dollars which will be available at the world market by mid-2011.

"This means that Middle East currencies, particularly those pegged to the greenback, will come under devaluation pressures," Anani said.

Financial analyst Wajdi Makhamreh expected the new US stimulus to leave a "positive sentiment" in Arab countries, particularly in the Gulf states.

Makhamreh, CEO of the Amman-based Noor Investments brokerage, said the Middle East petrochemical sectors and governments would be the major beneficiary in both the short and long terms.

"Any gains scored by the Wall Street and other global markets as a result of the US monetary easing will have a positive psychological impact on Arab markets, particularly in the Gulf Cooperation Council states, which have direct affiliations with US and European markets," Makhamreh said.

"Higher oil prices will mean larger surplus dollars that seek investment outlets including equity markets," he said.

Newstex ID: KRTB-1066-50430317



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Case Studies of Effective Behavioral Approaches to Improving Customer Energy Efficiency

Visible and Concrete Savings: Case Studies of Effective Behavioral Approaches to Improving Customer Energy Efficiency


November 2, 2010
Authors:

Katherine Friedrich, Jennifer Amann, Shruti Vaidyanathan, and R. Neal Elliott
 

Description:

Behavioral programs have the potential to greatly increase energy efficiency accomplishments in the United States. Social science, when combined with reliable evaluation, can yield dividends for energy efficiency programs; we are now seeing a rapid expansion of interest in behavioral work and inquiry into program evaluation and performance. Historically, behavior change programs have not often reported energy savings and persistence data; therefore, we produced this report to showcase 10 large-scale programs that provide concrete evidence of their accomplishments. The programs cover three sectors - industry, buildings and utilities, and transportation. We describe some common program designs and recommend ways to align them with social science research. Making energy use visible, setting measurable goals, marketing relevant benefits, leveraging social norms and networks, promoting competitions and goal setting, and speaking to non-economic motivations all appear to increase energy savings. More research is needed to quantify the effects of these practices.



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Laws and Policies of the United States Are Now Openly for Sale


The laws and policies of the legislature of the United States of America are now effectively on eBay, for sale to the highest bidder. Are you a Wall Street boss who wants to party like it's 2007? Are you a Big Coal baron who wants to burn, baby, burn? Are you an insurance company that wants to be able to kick sick people off your rolls? Meet John Boehner, the most powerful Republican and soon-to-be Speaker of the House. But -- of course! -- you already have. Here's an example of how you have worked together. In 1995, the House was going to finally repeal subsidies for growing tobacco, because an addictive cancer-causing drug didn't seem like the most deserving recipient of taxpayers' cash -- until Boehner walked the floor of the House handing out checks from tobacco lobbyists to his fellow elected representatives. They changed their minds. The subsidy stayed. Explaining his check-dispensing, Boehner says: "It's gone on here for a long time." So get your bids in: The House is open for business.

To understand what has happened in the midterm elections, the best guide lies in an unexpected place -- the dusty vaults of Hollywood. In 1957, Elia Kazan directed a film called A Face In The Crowd that read the tea leaves of the Tea Party back when Sarah Palin was merely a frosty zygote. One morning a poor wandering Arkansas chancer named Larry "Lonesome" Rhodes is lying passed out on a jail cell where the local sheriff has detained him overnight. A pretty young radio producer arrives and asks if he'd like to tell her a story to be played on her show where ordinary folks speak to ordinary folks. He sings and rambles and offers corn-poke homilies. The clip is a huge hit -- and he is soon given his own show, filled with country music and country wisdom which then shoots off into the stratosphere.

When Lonesome Rhodes becomes one of the biggest stars on US television, he starts receiving offers. Advertisers say that if he endorses their lousy products, they'll shower him with millions. He knows how to sell to ordinary people -- and he is pushed to go further. They ask him to sell the political causes that will make them richer too. He starts railing against Social Security and the old-age pension and anything that taxes the rich to help the rest. He uses the tunes and language of working class Americans to get them to emotionally identify with the people who are screwing them over. He's brilliant at it -- a gurning hyperactive huckster, saying that support and security for ordinary Americans is a betrayal of America. He makes himself rich by lying to the people he came from.

Fast-forward this DVD to 2010. John Boehner came from a poor family of twelve children, and heroically worked three jobs (including as a janitor) to put himself through business school. But when he got to elected office, it turned out there was much more money to be reaped from serving the interests of rich people than serving the people he came from. He took money from the insurance companies, and voted to deny healthcare coverage to sick children and to the people who hurried to the World Trade Center on 9/11 to try to dig people from the wreckage, exposing them to deadly toxins. He took money from defense contractors, and supported every war going. He tirelessly champions the overdog, while hoovering up their cash and flying on their private jets to some of the most luxury resorts in the world.

In the campaign, Boehner said his priority was to "stand up for ordinary Americans" against "the elite," and to "cut the deficit as a matter of urgency." So what has been his first priority as Speaker? To fight furiously to keep the gigantic Bush tax cuts for the elite richest two percent of Americans, even though this alone will add two trillion dollars to the deficit over the next decade. It's very revealing. He immediately dumps on his propaganda causes -- ordinary Americans, and the deficit -- while slavishly serving his one true cause: serving the interests of the rich people like the ones who happen to pay for his campaigns and his jaunts.

This is the story of the modern Republican Party. They use the cultural signifiers of the good people of Middle America to get their emotional identification, so they can pillage Middle America and redistribute its wealth to the rich. Sarah Palin is the queen of this cause. She presents herself as a warrior for hockey moms and Mama Grizzlies, while spreading fictions to stop those very people supporting social programs that could save their lives: Remember her claim that Obama's healthcare plan involved setting up "death panels" to execute the old and disabled? Her true slogan is Shill, Baby, Shill.

This is all made easy for her by the fact that most of the Democratic Party slithers in the same trough of corruption, begging from the same billionaires and corporations, and so can deliver only a tiny notch more for ordinary Americans. This makes left-liberal ideas look discredited, when in truth they are largely discarded. To name just one: the very high unemployment in the US has been presented by Republicans as proof that economic stimulus doesn't work. But in reality, Obama's stimulus was appallingly small, and was counterbalanced by the fact that the individual states were slashing spending and laying people off. Once you add the two together, there has been no net stimulus in the US economy at all.

The essence of the Tea Party -- and the relevance of A Face In The Crowd -- can be seen most plainly in Glenn Beck. Just over a decade ago, he was a drug-taking, pro-abortion, perpetually drunk DJ on morning radio. One of his famous "pranks" was to ring up the wife of a radio-show rival a few days after she had a miscarriage and taunt her about her loss. But then he stumbled into political commentary. After 9/11, Beck began to articulate a blubbery, blubbering hysteria, calling for the shooting of Michael Moore and the poisoning of Nancy Pelosi. He announced that any government program helping ordinary Americans was a step towards "communism", and prophesied: "The country may not survive Barack Obama... If he does fundamentally transform America, we're done. You don't have to worry about a 2012." He shot up to be the second highest-rated show in cable news, and assembled hundreds of thousands to a rally on the Mall. At times he seems quite conscious of the manipulation: "They're getting so tired of me saying there's a Marxist in the White House, I gotta take it up a notch," he said to one private audience.

But a few years ago, he began to do something stranger still. He announced that the US was going to experience hyperinflation and savings would be rendered worthless -- so his viewers should transfer their cash into gold. But not just any gold. No: Obama was probably going to seize gold bullion and nationalize it, he warned, so they should buy gold coins. "I think people are running out of options on what, you know, could be worth something at all. You have to think like a German Jew, 1934," he said.

At the same time, Beck's program on Fox News began to be sponsored by a company called Goldline that sells gold coins. In truth, there is no hyperinflation and no Obama plan to seize bullion. Yet Beck's claims -- and constant praise for Goldline -- have made him and the company considerably richer. The only people who are worse off are Beck's viewers: The investigative journalist Dana Milbank looked at 2008 and calculated that they would have seen a higher return if they had kept their money in cash than in golden coins. A court in Missouri ruled a few years ago that Goldline pressured a woman in her eighties to invest $230,000 in gold coins actually worth half that sum. The Securities and Exchanges Commission are investigating the company, and Senator Anthony Weiner says Beck and other on-air promoters "are either the worst financial advisors around or knowingly lying to their loyal viewers." It's the Tea Party spirit distilled: Pose as the champion of Joe America while ripping him off.

There is, however, one significant difference from A Face In The Crowd. At the end of the film -- spoiler alert -- Lonesome Rhodes is finishing a show and, as the end credits roll and the music swells, he rants against his viewers, believing they can't hear him. But in the control box, a producer deliberately flips a switch. Suddenly millions hear him say: "Those morons out there. I'd give 'em dog food and make 'em think it's steak. Good night you stupid idiots. Good night you miserable slobs. They're like a bunch of trained seals -- I toss 'em a fish and they lap it up." John Boehner and Sarah Palin and Glenn Beck are ridiculing their followers just as crudely. Can't somebody at Fox flip the switch?



Johann Hari is a writer for the Independent. To read more of his articles, click here or here. You can email him at j.hari [at] independent.co.uk

You can follow Johann's updates on this issue, and others, at www.twitter.com/johannhari101

To watch Johann on the Dylan Ratigan Show, click here.

To read Johann's latest article for Slate, about one of the great taboos of our time, click here.

 

Follow Johann Hari on Twitter: www.twitter.com/johannhari101

Johann Hari

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What happens in California may not stay in California-Prop 23



On Fri, Nov 5, 2010 at 11:07 AM, Solar Nation <chris@solar-nation.org> wrote:
One voice can make all the difference!
From Solar Nation: What happens in California may not stay in California
 
Voters of California won a big one for climate and clean energy on Tuesday when they decisively beat back Big Fossil's attempt to mold state laws to its liking.  The infamous proposition 23, the attempt by out-of-state oil companies and others to sideline California's Global Warming Solutions Act, went down to a convincing 61-39 defeat at the ballot box. 

This is not just significant, this is HUGE.  In an election cycle in which private corporations - including many foreign companies - shoveled money at candidates who could be counted on to be compliant with their corporate agendas, Golden State voters saw through the misinformation of the prop. 23 campaign and voted accordingly.  And that sent the message to the rest of the country that, in a state where voters understand and care about such issues, polluting industries don't automatically get their own way.  Not only that, but this is a state where the success or failure of energy and environmental legislation has a way of getting exported to many other states.  That's how critical this particular battle was.

If their chiropractors are OK with it, Californian voters should twist around and pat themselves on the back for that one.
 
Prop. 26
 
The story with that state's proposition 26 is a little more complex.  Also backed by Big Oil, its passage means that certain environmental fees will be reclassified as taxes, meaning that they will require a two-thirds vote of the legislature to be imposed.  This makes it politically more difficult to, for instance, charge polluters and raise funds for the benefit of clean energy, water and air.  However, a senior Administration official said on Wednesday that this will only apply to laws passed from next year on;  since the threatened Global Warming Solutions Act - AB32 - was passed in 2006, it should not be affected.
 
Why It Matters
 
The voting results on prop. 23 matter, and not just for California.  Many of the freshman class of newly elected U.S. Congresspersons are fond of pointing at Democrats' embrace of green causes as a factor in their poor Election Day showing.  But here are some recent findings from a Kelton Research survey of solar/climate issues:
  • 94% of Americans polled believe it's important to develop and use solar power;
  • 80% want federal subsidies shifted from fossil fuels to solar;
  • 70-80% want the Government to tackle climate change;
  • 49% would pay more for clean, reliable solar energy.
The implication is that the California ballot initiative results, not to mention the results of many of the statewide and U.S. races in that state, fairly well reflect the mood of the country on these matters.  And that means that the 112th Congress should think very carefully before nullifying the progress made, to this point, on clean energy legislation around the country.

Assuming, of course, they're paying attention.
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DOE and EPA Release 2011 Annual Fuel Economy Guide


November 3, 2010

The U.S. Environmental Protection Agency (EPA) and the Department of Energy (DOE) today released the 2011 Fuel Economy Guide, providing consumers with information about estimated mileage and fuel costs for model year 2011 vehicles. Choosing the most fuel efficient vehicle in a class will save consumers money and reduce carbon pollution.

"Increasing fuel efficiency is important for our environment, our economy and our health - and it helps families save money at the pump," EPA Administrator Lisa P. Jackson said. "This guide will help consumers make the right choice for the environment and for their wallets when buying a car."

Full story



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Housing Pulse--Green Is Gold



TODAY'S HOME BUYERS ARE MAKIN THE SHIFT TOWARD Greener homes that provide energy savings. This point is most evident at Meritage Homes , which is outselling its competitors 3:1 in Arizona's decimated markets with a new line of energy-efficient homes called Meritage Green. C.R. Herro, vice president of environmental affairs for Meritage says, "Meritage

Study shows energy-e.. cient features rank high with home buyers.

Green is an innovative product that has attracted a steady stream of buyers and builders from around the country to learn about it, and sales have been surprisingly strong everywhere we open." Virtual tours of the Meritage Green product along with executive interviews are available at www.Avidbuilder.com.

Why is its new "green" product working? Home buyers are attracted to houses that offer energy savings, affordability, and sensible design choices. For the past four years, the nation's largest study of home design conducted by AVID Ratings confirms this fact. In 2010, the "AVID Home Design Driver Report" was released at the International Builders' Show and outlined the results of its latest survey. Following the show, the study was reported by Market Watch and MSN, and became a headline news article on Yahoo's front page, making it one of the most read articles in the U.S. that week.

The study surveyed over 11,335 homeowners throughout the U.S. who built a new home in the last nine years or purchased a newly constructed home within that same time period. Since these people lived in a newly constructed home, they had a higher probability of buying new construction again. So, we asked them to rate various home features as "if they were in the market to buy a newly constructed home." The study identified six buyer segments: first-timers, move-ups, displaced (moving due to death, divorce, or work), empty-nesters, second homes, and custom home buyers. Each buyer was then asked to categorize various home features into one of the following: must have, really want, tradable, or eliminate.

For homeowners in the 2010 study, home energy-efficiency features outshone all else. The questions in this research study focused on a number of areas including both renewable materials and energy-efficient features. Overall, the energy-efficient features were the highest-rated home design elements of the study. When compared to renewable materials, it is evident that the renewable aspect of "green" has not yet penetrated consumer demand to the same degree as energy efficiency.

Builders today should recognize the clear advantage of new, energy-efficient homes over the resale market. For the first time in many decades, buyers recognize that today's new homes are built with distinct advantages over yesterday's homes. Houses that help pay for themselves through energy cost savings are a clear winner in the eyes of the consumer and offer an unprecedented opportunity for builders able to meet this growing demand. If you compare responses about green design features to the other types of home features asked about in this study, it is clear that home buyers want efficient products in their homes.

The Meritage Green product represents a paradigm shift by offering homes that are affordable, appealing, and help pay for themselves through energy savings. In the end, it is clear that Meritage is on to something special. Skyrocketing sales in the middle of the greatest housing recession is no fluke.

PAUL CARDIS
Founder and CEO
AVID Ratings
www.avidbuilder.com/HousingPulse
e-mail: paul.cardis@avidratings.com



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Renewable Energy Tax Credits: Keeping America at Work

  • The program is a more efficient use of taxpayer money because 100% of the incentive goes to the company making the investment and creating the jobs. Taxpayers get more jobs and clean energy per dollar spent.
  • the 1603 tax credit program restarted stalled projects and saved all 40,000 jobs at risk 
  • fossil fuels have received permanent taxpayer money since 1920s, costing taxpayers well over $500 billion. 
  • fossil energy still receives 5 times the subsidies as renewables  
  • Every job saved was an American job. 100% of projects that receive investment tax credits through 1603 are built in the U.S. as required by the Recovery Act. The program also supports America's growing manufacturing and supply chain industries. U.S. wind turbine domestic manufacturing has grown 12-fold, with an increase in domestic content from 25% only a few years ago to over 50% now, and nearly 400 American manufacturing facilities making wind components. Contrary to recent campaign ads, data from the International Trade Commission (ITC) shows that less than 5% of the value of turbine parts used in the U.S. is imported from China.


Renewable Energy Tax Credits: Keeping America at Work

By Rob Gramlich, AWEA   |   October 21, 2010   |  

 

Recent stories and campaign ads have challenged renewable energy tax credits. Representing 85,000 people working in the American wind industry, we can say unequivocally that this tax credit has been one of the most effective public policies in existence for saving American jobs.

At a time when the recession threatened at least 40,000 American wind construction, manufacturing and other jobs, the 1603 tax credit program restarted stalled projects and saved all 40,000 jobs at risk. This year, a study by Lawrence Berkley National Laboratory (LBNL) found that the 1603 tax credit supported shovel-ready projects and over 50,000 American jobs. The 1603 program actually led to a record-breaking year of 10,000 megawatts (MW) of new wind in 2009, compared to the 4,000 MW feared prior to the Recovery Act.

Tax credits for renewable energy begin to level the playing field with oil, gas, coal, and nuclear energy.  As a matter of fact fossil fuels have received permanent taxpayer money since 1920s, costing taxpayers well over $500 billion.  Even in recent years, after maturing for a century, fossil energy still receives 5 times the subsidies as renewables, according to the Government Accountability Office. Even more, Americans pay for fossil fuel in the form of an additional $60 billion in healthcare costs according to the Bush Administration report on hidden costs of energy. We have a choice between a balanced energy plan that includes wind and renewable America energy or plan that continues our increasing dependence on fossil fuels for our electricity which is now over 60 percent.

In the recession, project development and financing was difficult to obtain and costly. Many wind projects in mid-development could not complete financing. As a result, wind investment stalled with some projects stopping mid-construction; laying off construction workers and leaving wind towers and blades on the ground.

Every job saved was an American job. 100% of projects that receive investment tax credits through 1603 are built in the U.S. as required by the Recovery Act. The program also supports America's growing manufacturing and supply chain industries. U.S. wind turbine domestic manufacturing has grown 12-fold, with an increase in domestic content from 25% only a few years ago to over 50% now, and nearly 400 American manufacturing facilities making wind components. Contrary to recent campaign ads, data from the International Trade Commission (ITC) shows that less than 5% of the value of turbine parts used in the U.S. is imported from China.

The 1603 program continues and modifies the Production Tax Credit, which was first passed in 1992. In most respects the program operates exactly like all other tax credits in the tax code:  all eligible projects receive the credit and it applies to all projects completed in a given year. However Congress tweaked the program in one respect to make the tax credit useable during a recession. While the oil and gas industries are allowed to use "Master-Limited Partnerships" (MLPs) enabling companies to use tax credits, MLPs are not available to renewable energy industries. Instead, Congress provided for a reimbursement of the eligible tax credit which made the program successful even in the deep recession. The program is a more efficient use of taxpayer money because 100% of the incentive goes to the company making the investment and creating the jobs. Taxpayers get more jobs and clean energy per dollar spent. Many people have confused this program with discretionary government grants and recent news stories have suggested, for example, that the only projects that should receive the incentive are those begun after the Recovery Act was passed. In this case a key part of the program's success was to complete many projects that had begun but were completely stalled, keeping Americans at work.

The 1603 tax credit program has been extremely effective at keeping Americans at work. Unfortunately the program is set to expire at the end of 2010. Unlike the oil, gas, coal, and nuclear industries that have permanent incentives, renewable energy industries will be stalled again unless Congress acts soon to extend the program into 2011 and 2012.

Timeline of the renewable energy tax credit: 

  1. 1992:  Congress passes first renewable energy tax credit.
  2. 1999, 2001, 2003:  Congress allows tax credit to expire.
  3. October 2008:  President Bush Extends Renewable Energy Production Tax Credit for the year 2009.
  4. Late 2008:  Credit Crisis Hits the Economy and the Wind Industry:
    • Renewable energy project financing was difficult to obtain and costly, many wind projects in mid-development could not complete their financing due inaccessibility.
    • Wind investment slowed; projects were halted mid-construction; construction workers were laid off; wind tower and blades lying on the ground at construction sites.
  5. Late 2008:  Wind Industry fears 50% Drop in Investment and Loss of 40,000 Jobs:
    • With lack of financing and new projects held in the balance, the wind industry feared that up to a 50% drop would occur in new wind projects in 2009, dropping the industry to 4,000 MW of new projects, compared to 2008 at 8,500 MW.
    • This drop put at least 40,000 of existing wind industry jobs at risk.   
  6. 2009:  Recovery Act Puts Tax Credits Back to Work with the 1603 Program: 
    • The American Reinvestment & Recovery Act included a simple but critical reform to the Production Tax Credit converting the tax credit into a usable form.   
    • 1603 Program meant companies could take the tax credit in the form of a reimbursement, with the law stating the program would "reimburse such person for a portion of the expense of such property" as long as the property is "placed in service during 2009 or 2010".[1] 
  7. 2009:  Confidence is improved in the marketplace and financing is re-activated:
    • The 1603 program led to a record-breaking year of 10,000 MW of new wind in 2009, compared to the 4,000 MW feared prior to the Recovery Act.
    • Lawrence Berkley National Laboratory (LBNL) found that ARRA's 1603 program supported more shovel-ready projects and over 50,000 American jobs.[2] 
  8. 2009-10:  100% of projects that receive investment tax credits through Section 1603 of the Recovery Act (ARRA) are built in the U.S.:
    • Over 150 small and large wind projects have moved forward by taking the tax credit through 1603 program, creating local construction, engineering, transportation, operations and other jobs to build their wind projects.
    • These wind projects have led to millions in local tax payments to towns & cities, as well as lease payments to local landowners hosting the projects.
  9. The U.S. Wind Industry is able to Continue to Grow Domestic Manufacturing: The U.S. wind industry currently employs 85,000 people. Beginning with major growth in 2005, the U.S. now has nearly 400 wind manufacturing facilities.
    • According to data from the International Trade Commission (ITC) China currently represents less than 5% of the imported value of turbine components for the U.S. market.
    • Today, only 3 out of 33,000 (0.009%) wind turbines installed across the U.S. were sourced from China while there are American wind turbine manufacturing facilities coming online including brand new facilities in Jonesboro, Arkansas and Hutchinson, Kansas. Beginning with major growth in 2005, the U.S. now has nearly 400 wind manufacturing facilities.
    • "The growth in wind turbine installations and a period of stability in government policy led to significant investment in U.S. manufacturing by both U.S. and foreign companies from 2005 to 2008, along with a rapid increase in domestic production." [3] - U.S. ITC
    • "The overall import fraction is found to have declined significantly from more than 80% in 2006 to roughly 40% in 2009." [4] – U.S. DOE
    • U.S. International Trade Commission states: "Overall, imports peaked as a share of the market in 2006 and U.S. production in 2008 and 2009 was significantly higher than in 2005, indicating a growing role for domestic producers. If planned U.S. manufacturing plants come online in the next few years, U.S. production capacity will continue to expand." [5]
    • The United Steelworkers, BlueGreen Alliance and AWEA found that "the wind industry has increased its domestic content since 2005, the first year in which a strong market for turbines existed, to approximately 50 percent in 2009. From 2005 to 2009 annual installations quadrupled, representing even greater growth in domestic manufacturing for wind." [6]
[1] http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills&docid=f:h1enr.txt.pdf

[6] http://assets.usw.org/releases/misc/bga-report-062510.pdf



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