saifl

Fundamentals Suggest Oil's Headed Much Higher

What in the world is wrong with people? Jet are you smoking pot? Nanosolar will reach $1/watt in 2010. Assuming a doubling every 2 years it will not make a dent till 2020 in electricity demand. Oil shale is a joke. Oil prices are 3X higher than the $30 you mentioned and still oil shale has not produced a single barrel.
Go back and check petrocanada's press release about Oil sands new projects being uneconomical at less than $85!
Plus the oil exporting conutries have no incentive to use your Nanosolar.
A single new smelter in SA will consume 55,000 barrels of oil per day. Do you know how much that is? That uses more energy than all installed solar capacity in the world.