Whenever oil booms, wind booms too. Whenever oil production crashes wind crashes too. The US added about 5GW or 2 million barrels of oil equivalent this year of wind and 300 million barrels of oil in the Permian.

When will wind stop being 1% of oil production and crashing whenever oil goes down?


1 Answer 1


It doesn't.

Assuming you're referring to wind capacity additions, it most closely tracks the political winds in the U.S., in the form of the Production Tax Credit (PTC), a federal incentive program for construction of new wind capacity. The U.S. Department of Energy's Wind Vision report makes this relationship clear:

enter image description here

This chart ends at 2013 when the PTC was renewed for an additional two years. In 2015 it was renewed again for five years, but with a 20% per year phase-out. This means that the full impact of factors other than the PTC won't be visible until after 2020 (assuming the PTC won't be renewed again, which is likely as other factors will at that point be more important for driving new investment in wind).

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge you have read our privacy policy.

Not the answer you're looking for? Browse other questions tagged or ask your own question.