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Future not bleak on energy front

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Harold Morgan’s article entitled PNM turns profitable is interesting and thought provoking. It’s good news hearing that PNMis  profitable again.
Harold aptly pointed out the technical, environmental and political difficulties when supplying enough electricity for the wants/needs of New Mexico’s population, service, manufacturing and agricultural industries. Obviously PNM and its investors deserve profits.
Historical DOW indexes reveal that share values and profits for most major energy-producers are cyclic, rising and falling by as much as 80 percent.
Mostly their sheer commercial necessity has created an upward trend during 1-15 year periods. The main reason is because most were relying on non-sustainable, readily available resources such as coal, oil, natural gas and sustainable ones such as hydroelectric and nuclear power.
Unfortunately, during this time the world’s population has increased dramatically and with it the demand for energy, food-supplies and other life-necessities has risen accordingly. Humans have also become more aware of their own and the energy supply industry’s effects upon the environment.


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