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I agree with you, the price of solar now looks very good. However there are 600 million automobiles in the world that all require gas to run. We simply cannot replace them all with electric powered vehicles in anything less than 20 years. That is a HUGE manufacturing project. And what are we doing now? We are only making hybrids that will see us for a few years until we have to go all the way electric.
Oil still has a long future ahead of it...
But I am not against solar. Already I have seen Solar panels go from $3.50 per watt to $4.50 on eBay. They will continue to rise until manufacturing steps up. There's a global shortage of solar panels right now. This is why I hold some strong renewable stocks too such as ESLR - Evergreen Solar.
I am also hedging my bets by holding ECA - Encana and others who own the rights to Canadian tar sand deposits. They may well become the new Saudis in a decade or so.
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