Motely Fools are Foolish-here is whyI realize this is a oil industry story and the writers promote and own stock in the oil industry but I feel actions mentioned by Motely Fool and their latest article: Crude Price Crash Could Drill a 19 Million-Barrel Hole in Future Supplies. Is another example of where renewable energy will fill the gap that dirty oil is unable to fill.
— Scotty (@StLHandyMan) December 6, 2015
Another Example where Renewable Energy fills Tank
The article states that future oil supplies are in jeopardy because of the lack of drilling ventures being pursued around the world at the present. Motley Fool implies that due to feasibility issues are the driving force behind the lack of drilling ventures being pursued-regardless of location whether its deep water drilling, tar sand mining, or drilling on land. Will leave the future world in short supply.
They state that all the big names in the dirty oil business have cancelled or postponed future wells. Who would have envisioned (Exon, Total, TPH, Statoil) from not continuing the business as usual of harvesting the polluting the World with the dirty oil they take out of the earth.
Using Friday 11.27.2015 NYMEX oil price for January delivery of $41.71 per barrel. I calculate that 19 million barrels at $41.71 equals close to 800 trillion dollars that dirty oil will not have [(19,000,000,000 barrels) x ($41.71 NYMEX per barrel)= $792,490,000,000].
The Motely Fools are FoolishThey failed to consider and I don't think they had the forethought to consider how Renewable and Sustainable Energy is primed and will be ready to meet this demand left by the supposed lack of oil reserves.
This is great news for both the Climate of the World and the Future of the Renewable Energy business such as biodiesel, solar, wind, hydrogen, and electricity storage companies.
I'm sure that Tesla Motors is licking their chops at the chance to meet the upcoming demand.
At long last mankind will loosened from the poisonous grip the dirty oil industry has had on the world since the dawn of the industrial age.
The biggest question is will it be done in time to avoid the devastating effects of climate change.
Have you seen the future vehicles yet? So Kool w/ zero emissions #COP21 #Hydrogen #Electric #Tesla https://t.co/loyjGZxIY5— Scotty (@StLHandyMan) December 5, 2015
ZERE cars are coming! Zero Emissions Range Extended what a concept Hydro & Electric combo another #COP21 declaration https://t.co/unL0vrnRtE— Scotty (@StLHandyMan) December 6, 2015
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