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The disconnect between peak oil concerns and the presidential race is almost total. As prices at the pump rise, each candidate is now talking about their so-called solutions to the problem. Despite clear new warning signs from Russia, Saudi Arabia, Mexico, and Nigeria that peak oil is nigh, the candidates remain unwaveringly oblivious to the true causes of rising fuel prices, preferring instead to dwell on irrelevant-actually, counterproductive-measures like suspending the federal gas tax during the summer months or taxing Big Oil. This is akin to putting a band-aid on a melanoma.

Al Gore has made a major speech in Washington this morning, setting out an ambitious goal for the USA to produce all of its electricity from carbon-free sources by 2020. I thought I'd comment on the technical feasibility of the plan, and the underlying economics of such an endeavour.

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While still a small percentage of overall electric generation, there's no denying that wind power has been growing consistently in the United States. In 2007, an additional 5,329 megawatts of capacity was added, an amount which was slightly more than a quarter of all new global wind capacity that year. Currently an additional 8 gigawatts of wind capacity is under construction and scheduled to be operational by the end of 2008. The result: This will be the third straight year that the United States leads the world in annual wind power installations, according to a new study by Emerging Energy Research.

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