kd2000

Low Oil Prices Kill Energy Investment

I don't buy that, if there is money to be made in alternative energy and enough subsidies from the Govt. for profits, it will be implemented. Remember that this is capitalist economy. Further middle east is getting busy to build Solar plants, because they want to sell energy in any form. Regardless of OIL price, if there are customers wanting to buy alternative energy, someone is going to make it. We are seeing the change of consumer sentiment going forward towards alternative energy in general. I won't buy a Hummer H2 if you sold it to me for half the price. If the new administration does not come up with sound energy policies to mitigate dependency on foreign OIL or fossil fuels, then it will be toast! Only way to create jobs in this economy is invest in alternative energy infrastucture! It is unavoidable now. Even Detroit's Big 3 are being pressured in that direction. Bottom line is now the consumer wants it! and consumer is King.

Is the Second Great Depression Imminent?

There never was any shortage of OIL at any point was it! It has always been a refining shortage. The fake shortage was created by traders and speculators to bubble up OIL prices. Iran made a comment that they can even live at $5 / barrel OIL. There are tons of OIL reserves in middle east. Iran / Iraq has huge reserves. OIL simply was not profitable for companies to make substantial investment in last 10 years. Rise in OIL prices has invigorated these investments now! Further middle east is desert with lot of free SUN ! and they are investing heavily in solar plants essentially to offset decline in OIL reserves long term. Idea is to sell energy in any form to rest of the world. Customers want a new product (Solar energy) let's build one!