What would you say if I told you about an invention for producing a steady supply of electricity that would consume no fuel, produce no carbon dioxide or other harmful emissions, would be both silent and invisible, would cause no harm to marine animals, would make it possible to produce “free” hydrogen at distant locations, would be virtually impervious to earthquakes and tsunamis, would be immune from terrorist attacks, would require almost no maintenance, could be submerged and raised to the surface by a remote means, would be unaffected by marine fauna and flora, would require no site preparation or leasing of sites, would require capital investments per kilowatt of generating capacity no greater than those required for wind farms and modern coal-fired plants, would – if properly placed – operate at capacity factors comparable to many fossil fuel plants and three-times higher than those of most wind turbines – all while producing its steady power with virtually no operating costs?

          Most of the sources of renewable energy are inherently intermittent. This invention – if placed in large numbers in the Gulf Stream off the coast of South Florida – can generate huge amounts of steady, low cost electricity. The costs of that power can be as low as .9 of a cent per-kilowatt-hour during the amortization period (see table in the section Gas Costs and Gulf Stream Turbine Profits).  After the amortization period ends, those costs would drop to virtually zero.

The decline in the production of North American natural gas and world oil – combined with the very real threat of catastrophic global warming – have created an urgent need for mankind to switch from fossil fuels to those energy sources that are sustainable and non-polluting.  The installation of large numbers of Gulf Stream Turbines would be a major step toward reducing the potential horrific economic and social problems that the depletion of oil and gas can produce. The next section presents little known facts that should convince any rational person that we are heading for oil and natural gas shortages far worse than our government’s Energy Information Administration has projected, that the energy crisis is truly dire, and that we must act now.