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Generally, one would associate a concept, an idea or innovation with a new gadget or mechanical tool. We stress that concepts can be also in the realm of pure mathematics, pure arts.. even travel tips and have especially precious value when they are geared towards social change for the better or eradication of hunger, curbing of wastage or reduction in use of resources. For example: concepts towards changing the mindset of peoples re their inherent distrust / fear / even hatred of people 'no more

USA Soon To Be An Exporter Of Oil

12/3/2012 5:04:29 AM Filed under Alternative Energy.
Posted by J.D.
USA Soon To Be An Exporter Of Oil-Posted By: J.D.

In about three years from now (By mid-2016), USA will be a major exporter of crude oil.

The natural inference would be that the USA has discovered new major sources of crude oil. Not true, rather this is because of the rapid deployment of alternative energy sources(renewables) in the American continent.

Improvement in Wind and Solar energy farms in conjunction with storage and feedback to grid technologies. The improvements have come due to sustained support by way of subsidies and preferential allotment - even when it seemed that the "maths don't add up".

Oil companies would in the long term be hurt by falling prices and would do well to diversify to the so-called renewables.

By 2020 it is either be up there with renewable sustainable energy source - or shrivel and wind up.
Feasibility : Completeness : Usefulness to Mankind:
3 users have voted this article
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Thungasad Says:
Posted By:Thungasad
Price today 47 - only 40 to go for the true price of crude oil.
1/17/2015 7:15:31 AM
Anonymous from IP Says:
Posted By:Anonymous from IP
There will be a new equilibrium in crude daily movements but at a lower price.
12/15/2012 9:57:55 AM
Anonymous from IP Says:
Posted By:Anonymous from IP
It will take a long time
12/9/2012 2:42:50 AM
J.D. Says:
Posted By:J.D.
Ships will wait almost indefinitely at anchor waiting for a cargo lift.
12/4/2012 7:48:47 AM
J.D. Says:
Posted By:J.D.
Oil trade will plummet unless the price of crude falls dramatically making the cost of energy via crude cheaper than that of alternative-energy.
12/4/2012 7:42:10 AM

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