OIL GUY LIKES SOLAR

Why an oil guy believes solar has a big future

Scott Nyquist, September 26, 2015 (Fortune)

“…I’m an oil guy…But I am also bullish on solar…There is no contradiction here. The point of energy is to move people around the world, to keep us warm (and cool), and to power an industrial economy that has created more wealth in the last 150 years, by far, than in any other time…There are lots of ways to provide energy. Which technology makes sense at any given time is a matter of geography, economics, and policies. And what I am seeing is that solar is building potential on all three dimensions, for three reasons…It is getting cheaper and better…Public support is steady…[and] Sun-rich countries are getting serious. This matters because solar obviously has the most low-cost potential in places that get a lot of sun…[A]s costs come down, a number of developing countries are seeing solar as a realistic option… [I do not believe] the end of fossil fuels is nigh…There is room for both; in fact, there is a need for both.”click here for more

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