Wednesday 26 May 2010

DON'T BUY GOLD. Buy PV.

Over 99% of all clever things invented, produced, and consumed since WW2 are now in landfill or causing chaos in the atmosphere.

It took 100 million years of ancient sunlight to produce sufficient rotting biomass to create the world’s oil reserves but only 100+ years to use this supply.

If we had had to wait for all of these processes to happen in the future, rather than robbing it from the past, the commodities futures market would price a single barrel of crude at approx $100,000. This figure sounds ludicrous but as we descend the peak oil curve, that mad price will be realised by the market.

Suddenly solar power seems very efficient indeed.

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