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More than $150 billion of oil projects face the axe
wrote:
On Fri, 05 Dec 2014 10:00:58 -0500, Wayne.B wrote: As predicted: http://www.reuters.com/article/2014/...0JJ0CV20141205 Supply and demand economics are still alive and well. As oil prices go down, supply will eventually drop also. There's also a good chance that demand may start coming down as various energy saving strategies begin to take effect and alternative sources such as solar and wind power increase. Solar is right on the cusp of becoming truly cost effective as panels become more efficient and production costs continue to decrease. Solar will take off when it gets below a dollar a watt at the plug. Chinese collectors are approaching that price at the collector but you are still buying and maintaining the rest of the system. Nat Gas getting cheaper may actually slow the rollout of solar. I did another survey and I will have to cut down some trees now to make it work here. Unfortunately I would need a permit to do it because they are "natives" and one is not on my property. I have 2 live oaks that came up from acorns and now they are huge. (at the bottom of these pictures) http://gfretwell.com/ftp/house%2010%...rogression.jpg Next windstorm. Which trees fell down? |
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