Forget $100 a Barrel - Oil Will Plummet to $30 [View article]
What's the backup plan for wind? If the wind isn't blowing today where do we get electricity? You can't quickly fire up an idle nuke plant - why would you want a nuke plant sitting idle anyway? You need a source of juice that can come on line quickly when the wind stops. If oil goes to $75 and gas goes to $2.50 you'll see a surge in SUV sales. If all these alternative energy solutions are so great, why haven't the Europeans done them already, since they've been paying much higher prices for gasoline (due to taxes) for many, many years.
Forget $100 a Barrel - Oil Will Plummet to $30 [View article]