Quote:
Originally Posted by MAXUM
Hydro is a fantastic solution as it is cheap and reliable, also a very good and proven alternative means of generating power with zero nasty byproducts. It's amazing to see these massive, and I mean massive solar arrays that have been put in here, covering acres and acres but the amount of power they generate for the area they consume is a mere pittance to what is being provided by hydro at this time. While to many that "looks" good, to me it is a clear illustration that solar has a way to go. I do believe it'll get there. Frankly I'd rather see more effort being put into solar than wind. Windmills are an eye sore.
For those that can afford to be early adopters of alternative energy such as yourself that's great, but keep in mind the average household income in the US in 2021 was 80K per year, average individual income around 50K. Folks that fall into the averages can't afford to drop an annual salary on a Tesla in the driveway or 20K for solar panels (if they even own a house).
The difference between the two of us FlyingScot is that I am personally investing in different ways, I own investments in a number of EV manufacturers stock but you won't find an EV in my driveway. Why? Two simple answers, practicality and reliability. That said, I wouldn't be investing in it if I didn't think it has more than any time in the past a real chance of being the next major revolution in transportation and better for the environment. It just doesn't solve the immediate problems we have now. How much pain will the average American need to feel before they finally get that we need more domestic energy production? Time will tell, because right now the ruling class (party affiliation is irrelevant) doesn't seem to care about anything other than polling numbers, not what is best for this country. Some don't even know what day it is.
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New wells already on the way. The price simply needed to be high enough for the drillers to feel that the long term investment in a well would not be lost by a simple blip in the price. It makes no sense to drill a well that has a $50/$60$80 per barrel expense in a market that is not willing to pay more than that expense.
But it takes time to hire and train personnel, and not exactly a productive supply chain for equipment and parts.