We already knew solar and wind are better investments than nuclear or natural gas,
and now we find they’re already better than oil.
In Impact Lab 18 September 2014,
$100B invested in wind or solar will produce more energy than oil,
Kepler Chevreux, a French investment bank, has produced a
fascinating analysis that has dramatic implications for the global
oil industry. The investment bank estimates that $100 billion
invested in either wind energy or solar energy — and deployed
as energy for light and commercial vehicles — will produce
significantly more energy than that same $100 billion invested in
oil.
The implications, needless to say, are dramatic. It would signal the
end of Big Oil, and the demise of an industry that has dominated the
global economy and geo-politics, for the last few decades. And the
need for it to reshape its business model around renewables, as we
discuss here.
“If we are right, the implications would be momentous,”
writes Kepler Chevreux analyst Mark Lewis.
“It would mean Continue reading →
Understand what this project is. It is providing the ability of Canada to pump their oil, send it through our land, down to the Gulf, where it will be sold everywhere else. That doesn’t have an impact on U.S. gas prices.
