In 5 to 10 years, what will we be using for energy the most? (in our vehicles, heating our homes, etc.) Bio-fuels? Solar? If I was to invest, what should I invest in?
Originally posted 2009-06-16 01:24:09.
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What is the next most likely highly used energy source?
In 5 to 10 years, what will we be using for energy the most? (in our vehicles, heating our homes, etc.) Bio-fuels? Solar? If I was to invest, what should I invest in?
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I personally think solar is the way to go. It is developing very quickly and new technology is popping up all the time. As for an investment, I would have to say you should buy First Solar Inc. (FSLR). Don’t be discouraged by the chart, which shows a 50% drop in share price. This simply makes it more attractive. Today, actually, they announced earnings that more than doubled from last year, and analysts expect its EPS to skyrocket. The produce solar panels using a different technology than other companies, which is extremely cost effective because of the polysilicon shortage. If you’re going solar, this is, in my opinion, definitely the way to go. In my opinion, ethanol will not take off as a clean energy, because the production of it (from factories to farming the corn) will cause a lot of environmental harm, albeit not as much as gas. Also, an increase in ethanol production will cause a lower supply of corn for food, raising food prices.
Probably ethanol. Like it or not it has seen huge growth over the last 3 years. Just look at any chart or graph. And the number of E85 stations we have is doubling every 11 months.
For the next 10 years, most likely natural gas to heat homes. There does not appear to be any potential near term shortage. Some are even arguing to convert autos to natural gas. Bio-fuels are a hoax perpetrated by a bunch of farm state politicians. Solar? not in the next 10 years yet, maybe in the next 100 years possibly. With the price of oil having dropped in price, that will put off the push for alternate energy sources for another at least 5 years. It will take at least 20 years to ramp up alternate energy. T Boone Picken’s plan to build a wind farm is probably the best alternate energy bet for the next 5 years if he in fact goes ahead with it.
Might consider XOM. For wind, Vestas. It is selling at 1/4 the price that it was selling at just 2 months ago. How soon the high flyers fall when the price of oil drops. For natural gas maybe CHK. It also is selling at about 1/4 of what it was about 2 months ago. All of a sudden energy stock are not such hot investments any longer.
In 5-10 years Gas and Oil will still be the most used energy source. A little bit further down the raod and we will see a huge increase in Coal and Natural Gas as I believe these technologies develop and begin to take over the automobile market.
Natural gas is probably going to be the most used form of energy. Bio-fuels, wind and solar energy will not be a major source of energy any time soon.
Gas/oil, natural gas, coal, and nuclear power plants. Many oil companies and related service companies are remarkably cheap right now — snap them up.
Biofuels will not be a significant part of the equation.
Solar will be growing but slower than the hype says it will. And solar-related companies are overpriced in the stock market.
Hydrogen cells will go nowhere.
cars: oil – this will not change in less than a decade!
houses: coal natural gas – again, a significant change would take many decades.
I would like to be bullish on renewable energy.
But the chicken little in me has to yell out that’s too expensive.
I would say Coal.
The world has HUGE reserves of coal all over the world.
Buz words like Clean coal will be used to justify the need for cheap energy.
The electricity network will be built up and more coal power stations will provide electricity to it. This will in-turn provide the electricity to charge up electric cars and also split water into hydrogen for fuel cell vehicles essentially making cars run on coal.
There is so much coal that there is a mountain in Australia that was thought to be an active volcano because of the constant smoke and ash, but it turns out to be an underground coal fire that is believed to have been burning for over 5000 years.
From Wikipedia
At the end of 2006 the recoverable coal reserves amounted around 800 or 900 gigatons. The United States Energy Information Administration gives world reserves as 998 billion short tons[35] (equal to 905 gigatons), approximately half of it being hard coal. At the current production rate, this would last 164 years.[36] At the current global total energy consumption of 15 terawatt,[37] there is enough coal to provide the entire planet with all of its energy for 57 years.
Also Oil and Gas wont be running out for another 50 years or more, you have to consider the economic climate, all the recent estimates have been based on huge growth in china and other developing countries these estimates will have to be extended because there just aren’t going to be the huge numbers of poor chinese farmers becoming chinese middle class if America isn’t buying all those clothes and plastic toys.
Natural gas and wind.
Bio fuels are going to be used highly .So you can invest for the same, good luck