289. MAJOR JOB CREATION DUE TO PEAK OIL
EnergySpin has found some thought-provoking information which deserves a place here.
The global wind industry has never had it so good - our WindEnergy Study 2006 showed that new installation of wind power worldwide will be quadrupled by 2014. That is very good news - not only for the environment, but also for the economy, as the wind industry becomes a job machine. The German Renewable Energies Association (BEE) expects some 500,000 jobs in Germany alone by 2020. That would mean more people employed in this industry in Germany than in the automotive industry.(Source: WindEnergy April 2006 newsletter, from the EWEC)This supports the view we've discussed before in 209. THE ULTIMATE PEAK OIL HERESY. Who's to say that peak oil will lead to collapse and economic recession/depression? It's very possible that peak oil will lead to massive construction, employment growth and economic boom due to the need to rebuild and retrofit everything.
-- by JD