Wednesday, October 12, 2016

People burning oil like it's going out of style

Right now around the world with present oil prices people are buying gas and diesel like it is going out of style. But, eventually the oil prices will go up. Or will they?

The problem is that Solar and wind and renewables (especially in developed nations) are also being developed at breakneck speed because everyone knows low oil prices cannot last and if and when these prices go up only nations with a whole lot of solar and wind resources are going to be competitive as businesses worldwide. So, without solar, wind and renewables many nations might not be able to compete if oil prices go up like they might during the next 10 years or so. Because everything you buy has to be shipped and the more solar and wind power you have going for you the less it is going to cost to ship whatever it is to wherever it is going worldwide at that point.

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