Skip to main content
No. of Recommendations: 2
There is one thing that should not be ignored:

Oil has insignificant practical impact on Solar. It is the politicians who make that noise but just think about it. Solar produces electricity and where oil used for producing electricity other than tiny generator sets during emergency?

Solar is the answer to a different problem: one that of environmental pollution caused by coal plants and the fact that coal is a non renewable source. But we have enough coal reserves to last for centuries. The second issue is if Solar is really non-renewable? The rare earth minerals that solar panels need are rare indeed. Rarer than coal and rarer than oil. And far more toxic too to extract and to process. Although the amount use in a solar panel (for an average house) is tiny. Final issue is the cost. Solar is expensive. More expensive that nuclear (except thermosolar which require large piece of land, huge capex, poor efficiency but after that it is relatively maintenance free). The problem is we just don't have a viable technology to tap energy from the sun and even if we did we don't have the viable technology to convert that energy into a form that can be used to power trucks, airplanes and ships to make a difference on the oil situation. Even if consumer autos become all electric - which will put a dent on oil consumption - that need can still be fulfilled by coal/nuke fired electric plans at a far cheaper rate.

Solar industry is thriving only due to subsidies and not because it is a viable technology that is or can reduce oil dependence.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.