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Business/Finance See other Business/Finance Articles Title: Secret Saudi Conspiracy The Saudis know something we don't. We know they're the world's largest exporter of oil. After Canada, that's where most of your $3.30/gallon goes. The country that supplied most of the 9/11 hijackers also supplies us with about 1.47 million barrels of oil a day. As a thank you, we send them about $127 million every single day. Does that make you angry? Me, too. So you'll be thrilled to hear about this... Advertisement Have You Heard of "Black Solar"? A tiny $1.00 tech firm in Upstate New York just did the impossible... They unlocked the secret to harnessing solar energy by doubling the power output and cutting the cost in half. This technology is so efficient and affordable, electric companies are already shaking in their boots. Before the first big ticket contract comes, doubling the share price, click here to see why it's all the rage. While renewable technologies like solar remain a political football here at home, the Saudis see its merits — and are fully embracing it. Why would they do some hippie stuff like that? For billions of dollars in extra oil profits. That's the Saudis' Secret Let me explain... Last month the Saudis announced a $109 billion investment in solar energy. The goal of this massive investment? To get one third (33%) of the country's electricity from solar by 2032. “Why?” you're asking. “Why would they waste $109 billion to get 41,000 megawatts of solar electricity in the next 20 years?” Because right now the Saudis burn millions of barrels of oil to generate electricity and desalinate water. This plan will allow them to save 523,000 barrels of oil a day over the next 20 years. That's nearly half of what they sell just to the United States every day — about $45 million worth of oil. So by investing $109 billion in solar, the Saudis can sell another $45 million worth of oil every single day... Probably to us. There are 7,300 days in 20 years. By selling an additional $45 million worth of oil each of those days, the Saudis will make $328.5 billion in extra oil revenue over the next two decades. That's a 201% return on their $109 billion solar investment. And most of that profit will come from us while we continue to argue the merits of solar. What they know that we don't (or at least, that we fail to comprehend) is the cost of solar is falling extremely fast. What cost $0.14/kilowatt-hour last year costs $0.11/kWh this year... and will cost $0.10/kWh next year. The cost of solar is falling every year. The cost of oil is only going up. The Saudis know this. And they're switching to cheap solar so they can sell the rest of the world expensive oil. As Sheikh Maher al-Odan, who runs the King's center for atomic and renewable energy, has said: At world market prices, solar is competitive if you use crude oil to generate electricity. We are not only looking for building solar plants. We want to run a sustainable solar energy sector that will become a driver for the domestic energy for years to come. I'm all for investing in high-price oil. But I'm also for taking easy profits from the irrefutable solar transition that's under way. It's foolish not to play both sides. That's what the Saudis are doing. And if you want to learn how to do that — including seeing the one technology that's driving the cost of solar lower — click here. Nick Hodge follow basic@nickchodge on Twitter Nick is an editor of Energy & Capital and the Investment Director of the thousands-strong stock advisory, Early Advantage. Co-author of the best-selling book Investing in Renewable Energy: Making Money on Green Chip Stocks, his insights have been shared on news programs and in magazines and newspapers around the world. For more on Nick, take a look at his editor's page. Post Comment Private Reply Ignore Thread Top • Page Up • Full Thread • Page Down • Bottom/Latest
#1. To: Tatarewicz (#0)
You're going to see more of it. I saw it driving around Europe recently. Huge fields that used to grow crops now sprout solar panels. It's becoming an economically sound proposition. deleted
The relationship between morality and liberty is a directly proportional one. "If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.” —Samuel Adams America: Israel's Handmaiden
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The relationship between morality and liberty is a directly proportional one. "If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.” —Samuel Adams America: Israel's Handmaiden
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