Breezy Profits

Wind power is generating a hurricane-force buzz. The demand for clean, renewable energy in Asia is sparking growth in wind technologies, and spinning the blades of the wind turbine industry. If you want to make the most of this trend, you need to know which way the wind is blowing -- like which country is the one to watch. Check out today's rant to find out more, and have a look at the latest "Ask Toby" installment to learn my take on buying tech stocks in the current market.

Toby

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Profits Blowin' in the Wind

Watch a video of today's rant.
Or listen.

As we learned in the '60s, "The answer, my friend, is blowin' in the wind."

I'm talking about wind power, boys and girls.

Most people don't understand the true potential of wind energy. They still think of tax shelter windmills like those near Palm Springs, Calif.

Well, campers, let me bring you up to date. Wind energy is absolutely exploding, largely thanks to demand for clean renewable energy in Asia, particularly China, which is leading the humongous demand growth for wind power.

China just announced it's upping its targets for wind power to 120 gigawatts (GW) from 30 gigawatts. That's equal to the output of 100 nuclear power plants, and it represents more power-generation capacity than exists in all of France.

Think of it this way: The entire world had installed just 94 gigawatts of wind power at the end of last year. Germany -- by far the most wind-friendly country -- has about 20 GW. The United States, which is one of the fastest-growing wind-power markets, has 16 GW.

The Great Dam of China

How much energy is 120 gigawatts really?

It's the equivalent of the capacity of five new Three Gorges Dams -- the world's largest hydroelectric project, which is located in China.

Why the emphasis on wind power in China? Because there won't be five more Three Gorges Dams. As a matter of fact, there won't be one more.

This $30 billion project has proved that damming up tens of thousands of miles of fertile land to create a hydropower plant is insane (not to mention the pollution it can create).

The fact is, China needs as much power as it can get. Solar power is growing fast, but it's still in its infancy, and that leaves wind power.

Chasing the Wind

Once China finally gets its incentive program for renewable sources worked out and in full swing, watch out.

Chinese officials are rushing to jump-start the country's wind turbine manufacturing business because the global supply is tight, making them pricey. However, in the short term, more ambitious Chinese targets will create more pressure on the global wind turbine supply.

And the push for clean energy is not just coming from China.

In a unanimous vote last week, the Ohio legislature passed a new bill requiring that 12.5% of the state's energy be generated from renewable sources like wind and solar.

Ohio is the 26th state to adopt renewable energy portfolio standards following states like California, New York and Texas. These tough new laws are creating one of the most dramatic shifts in energy delivery in the United States.

A Profit Windfall

There are great opportunities for investors in wind power, with wind energy component plays topping the list.

We have one of the very best component plays on the ChangeWave Investing Buy List, and we plan to add more. (Get in now.)

Another great opportunity in this space is energy distribution infrastructure -- i.e., new ways of getting electricity from wind energy plants into the power grid and into your home. Here you want to own the key electric metering software company.

The bottom line: As is typically the case, when China decides it is going to do something, the rest of the world is affected.

When it comes to renewable energy, China is the 8,000-pound gorilla as it attempts to bring power to the 30 million new urban residents that pop up there each year. And when you factor in other emerging countries, we're talking about 50 million new urbanites a year -- people who want electricity, cars and all of the other staples of middle-class existence.

This is why wind power will be one of the fastest-growing ChangeWaves in the world for the next five to 10 years, and we can help you make money from it.

Toby

P.S. When we say wind power is going to be huge, we're not just tilting at windmills. There are some very real profits to be made in this space, and now is the time to get on board. Get a 90-day, risk-free trial subscription to ChangeWave Investing to begin your quest for giant profits.

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Ask Toby: Tech Stocks

Watch.
Or listen.

In today's video, Toby reveals which kinds of technology stocks you should dive into right now and which ones to avoid.

Watch 'Bulls & Bears' on Fox News

Be sure to tune in to Fox News Channel this weekend and join Toby and the crew on "Bulls & Bears" for their weekly market roundtable as they kick off the Fox News Channel business block on Saturday, May 10, at 10 a.m. Eastern. ("Bulls & Bears" replays at 4 p.m. Eastern, Sunday, May 11, and 4 a.m. Eastern, Monday, May 12.) Or you can catch the show Saturday evenings at 6 p.m. Eastern on the new Fox Business Network.

Check your local cable listings or satellite guide to find the Fox News Channel location and times for your area. NOTE: These shows are NOT on your local Fox network station. They are on Fox News Channel on your cable or satellite system (Channel 360 on DirecTV, Channel 205 on Dish Network). Keep in mind that these schedules are subject to change, and the Fox News Channel business block and other programming may be pre-empted for breaking news events.

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Wine Find: Rioja Fever

We will be drinking lots of great wine on my Wine, Dine and Stocks Seminar in gorgeous Bilbao, Spain, Oct. 19-24.

The trip is going to be spectacular, and I'd love you to come along. But you have to hurry, because we're almost out of slots!

Go to www.changewaveseminars.com to get the details and sign up.

Today's wine is a Wine Spectator Top 100 of 2007 pick: Bodega LAN Rioja Edicion Limitada 2004.

This powerful tempranillo wine from the Rioja region of Spain received a 96-point rating from Wine Spectator magazine.

It's thick on the mouth with the blueberry and cassis flavors that make Rioja terroir so special.

The 2004 is drinkable now and goes for around $45 per bottle. Check it out. You won't be disappointed.

To share your favorite wine or food experience, e-mail me through the form at: www.changewave.com.

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