Reality imposes itself
Most investors are under the impression that much higher energy prices will push renewables “into the money”--- that is renewables will become competitive for the first time versus higher priced hydrocarbons. This completely ignores the fact that energy itself makes up the single largest cost component for both wind and solar. Instead of making renewable energy more cost competitive, higher energy prices will simply drive up the costs. Renewables today remain “out of the money” and higher energy prices will never be able to push renewables “into the money.” Proving just how energy sensitive renewable components are, coal prices surged by 100%, and Chinese polysilicon prices (the main component of solar modules) jumped 300% in Q4of 2021.
Goehring & Rozencwajg
The idea that renewables are renewable is just a joke because panels & turbines have to be replaced every 20 years or less, the same with batteries etc.... unfortunately the physics does not support renewables as a serious alternative without changing our lives (don't even mention the poor here!)
If we want to keep driving and heating our homes we must do everything a bit of solar in good places for solar, a bit of wind in good places for wind, nuclear, oil in easy places and gas .
if we want to do well for the planet we just need to plant trees. Lot's of trees.
Forests sequester carbon by capturing carbon dioxide from the atmosphere and transforming it into biomass through photosynthesis. Sequestered carbon is then accumulated in the form of biomass, deadwood, litter and in forest soils.
PS we can store in a small place enough Uranium to serve as fuel for years of consumption. This is Energy security. To buy & use energy as we need is called suicide as we are witnessing now in Europe. We need to have years of storage. That is security.
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