Eagle Energy Inc EGRGF

RE:Game Over For Oil......

[whodathunkit]

biloshi wrote:
Trudeau says they want to phase out fossil fuels in Canada!
The Oilsands aka Tarsands will be the first to be shut down.
The push is for clean, green energy like solar, wind etc!

Cheers!

Unless there is a new game changer technology that pops up, fossil fuels will be around for a number of decades yet.  What most fail to understand is that solar and wind are not base load electricity sources.  Meaning, they are not reliable.  Low wind or cloudy days diminish the amount of output.  Modern society cannot function without a reliable base load power supply.  The only way to currently (pardon the pun) get that is through oil, ng, coal or nuclear power.

The other factor is cost.  Wind and solar are still very expensive and will sink an economy if relied on too heavily.  Just ask the folks from Ontario.

Cheers.