Oil, natural gas, uranium, water - as power sources, all have the potential to run out during the course of human development, possibly in the next couple of hundred years. Renewable sources can sidestep this problem by using energy sources that either will last longer than the human race or can be regenerated through agriculture. Most renewable energy sources are also environmentally friendly.
Wind energy is the most established of the renewables, constituting 1% of global energy production, or about $51.4 billion in 2008, and accounting for more than 50% of global investment in renewable energy in 2009. It can also be the most cost-efficient, especially when large installations using large turbines can take advantage of economies of scale.
Wind energy isn't cheap to build, but it is cheap to manage. renewable energy grew from $75.8 billion to $115.9 billion, or about 53%, indicating that these energy sources are getting more and more popular. Out of all the renewable energy, Wind is also the most effective because wind is everywhere, night and day.
Oil is not cheap. And it is only going up in price. Renewable energy for the most part is not that cheap either, but it isn't so expensive that it isn't affordable on the average person's salary. And making this step to use Oil only when needed, we wont need to worry about running out so quickly.
http://www.wikinvest.com/industry/Renewable_Energy