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  • Six Reasons for Cloudy Skies on the Solar Energy Industry [View article]
    People - stop comparing the current situation with the 1970s. We are in a totally different world now.

    First, There is a real oil crisis now and not an artificial one created by the Arab oil cartel. In the 1970s there were no emerging markets with billions of people expanding at 10%/year. Also, we have burned 30 years worth of oil since then and exhausted almost all of the "cheap" oil in the world. Oil prices will not drop back to low prices for many years like they did in the 1980s. I just heard an oil analysts say that oil below $70/barrel is destructive to developing new oil, which could lead to a sharp price increase when normal demand returns.

    Second, we have progressed greatly with solar technology since the 1970s. We CAN see the light at the end of the tunnel when it comes to grid parity. There is no new technology that needs to be developed like there was in the 1970s. It’s just a matter of manufacturing and installation innovation, and production scale. Solar will be at grid parity before any of these “backyard”, “vaporware” nuclear power plants come on line.
    Nov 19 12:05 pm |Rating: 0 0 |Link to Comment
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