GREY:CPYCF - Post by User
Comment by
c0lmustardon Mar 07, 2013 2:12pm
131 Views
Post# 21095372
RE: RE: Timing
RE: RE: Timing Try to type in "v.apv"
Arise technologies. I owned some stock for a week and broke even. A solar company - german canadian cooperation with german tax dollars to help.
That was the last time I put money in a solar company because they insist that the future is here, when the technology is not, and by technology, I mean the ability to create heaps of kilowats from a small inexpensive panel that can be mass produced. They require large initial capital and only pay themselves off after several years and by then they need to be replaced by a newer, more efficient model. In Queensland Australia, the skin cancer capital, they have an interest in a solar solution, so they subsidize the technology. But the cost benefit model still isn't better than coal. Proof? Queensland isn't running off solar, but they certainly would be if it were cheaper, and their coal exports are still among the largest.
It's so much easier to just burn a fossil fuel. The question becomes, how does one compete with a natural resource that can be burned for energy? Even if solar panels improve in the near future, it can always be cheaper to pump oil from the ground. When solar gets to the point that it can compete, we will be mining for base metals in order to build these solar farms. Delays. Then we will have to mine some more for their batteries. Delays. Deals will need to be signed, product will have to get to markets. delays delays delays
It will take an entire generation to make the switch (I'm using generation as a measurement of time, not as a group's identity). And we're not even close to the begining of this process.
Basic economics - the cheaper one gets bought. Some canadians may have an appetite for a cleaner source, but our federal government's record of dragging its feet at any international enviro summits (kyoto, or whatever) signals that rapid change isn't coming soon. In the next little while, Obama is going to approve the pipeline to Texas from Alberta. That will only underline what I'm talking about.
Maybe decades from now... But until then... Coal is here to stay