Editor's note: This was originally published on RealMoney on June 18, 2008. It's being republished as a bonus for TheStreet.com readers.

I've been so consumed by the price of oil that I decided I needed a break, so I want to talk (or is it write?) about wind power. Today's

Financial Times

had a superb article stating that the U.S. will soon overtake Germany as the world's biggest wind market. Wind supplies only 1% of U.S. electricity, but the Department of Energy figures this will rise to 20% in 20 years or so, even if electricity demand grows by almost 39%, which is what the U.S. Energy Information Agency has estimated.

Unsubsidized wind energy costs .08-.10 a kilowatt hour. Solar is more like .30, and fossil fuels range from .05-.10. The big deal to me with $135-per-barrel oil is that the fuel cost for wind is zero, and will stay zero.

General Electric

(GE) - Get Report

, a stock I favor, is the largest wind-turbine manufacturer.

TheStreet.com TV: New Wind-Energy ETF Blows Into Town

High oil prices have investors turning to wind-energy stocks. Robert Carey, chief investment officer at First Trust, says the new exchange-traded fund -- ticker FAN (FAN) - Get Report -- is the safest way to play the emerging sector.

To watch the video, click the player below:

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Vincent Farrell Jr. is a principal of Scotsman Capital Management. Prior to joining Scotsman in April 2005, Farrell was chairman of Victory Capital Management of Cleveland and chairman of Victory SBSF Capital Management in New York. He was a founding partner of Spears Benzak Salomon & Farrell, which was acquired by KeyCorp in 1995. Vince held a variety of positions in his 23 years at SBSF, including chief investment officer, and he served as the portfolio manager on a number of the firm's largest client relationships. He is a regular guest on CNBC as well as other national print and broadcast media.

Prior to joining SBSF, Vince spent nine years at Smith Barney as a vice president, sales.

Vince graduated from Princeton University in 1969 and received his MBA from the Iona College Graduate School of Business in 1972.