Foolishness of Fossil Fuel
Investing in fossil fuels as the governments of BC and Alberta are doing is foolish. It will not be long until the bottom falls out of the fossil fuel market. They will be stuck paying the long-term mortgages on all that useless infrastructure. There are two factors to consider:
~ Roedy (1948-02-04 age:69)
- The cost of solar panels is dropping steadily. When the price per watt drops below the price of fossil fuels, it will mark the end of the age of oil. Germany is already generating 25% of its power with solar.
- Even before solar becomes cheaper than fossil fuels, people will become acutely aware that because of global warming, continued use of fossil fuels is suicidal. We simply cannot burn them no matter how much money it makes for corporations or how many jobs it creates. It is only a matter of time until the public dig in their heels and refuse to kill their grandchildren for the short term profit of big oil.