Musial wrap-up

Musial is confident that deepwater technology will converge on a preferred, cost-effective engineering solution in the near future.

Dept. of Energy predicts that wind power will provide 20% of US energy by 2030. Offshore wind will need to be a part of that target.

In conclusion: 100 companies are now pursuing wind and tidal energy projects - no tech. conversion yet exists. No commercial projects, either - will require capital investments.

Shallow water wind will develop first, then deepwater, offshore wind. But the technology will need to converge first.