fireofenergy

$25 Oil Could Happen Before a Return to $100

I don't know much about investing but do believe that within a few years, oil will escalate to it's highest cost ever. Because it is finite, the producers know that and because it will costs more to extract. The only way I see oil staying below $100 in the long term is if the world electrifies it's light duty fleet.

Concentrated solar power by use of mirrors and thermal storage (needed for baseload power) is a very real solution once oil prices do rebound to that point where it would be cheaper to mass produce all them mirrors.

With that, there would be no more having to import oil and millions of local jobs (no more global warming either)!

It seems that the oil companies know this. We can't let the other side of the world become our energy producers by becoming our own solar energy producers! (They have the money to... right?)