Only wealthy families with investments in hedge funds that continually drive the price inflastion in energy will be able to afford ever rising home energy costs. This and rising gasoline prices and rising food prices and rising healthcare costs, how to escape this looming crisis?
http://gristmill.grist.org/story/2008/3/7/122134/2366#11
Will coal follow oil?
Stock touts are claiming that is the case. The current rumor is that coal is the next big bubble moneymaker.
Even if coal follows it's present price trend, how does that effect the cost comparison between solar, wind, and other renewables and conservation. Conservation is already much cheaper than coal.
Nuclear power, coal power, natural gas power, oil powered transportation all follow the same rising price curve produced by supply and demand. Demand is rising and supply is dropping.
On the other hand, with conservation demand actually drops and with renewable there is no fuel cost, so no supply constriction.
The sun and wind do not run out, as fossil and nuclear fuels do. And they do not demand ever more expensive processes to get the remaining fuel left. Such as deeper coal and uranium mines and deeper, more remote oil and gas drilling.
Renewables and conservation fight the inflationary trend. The present energy systems underlie all inflation. And monopoly manipulation of markets in energy commodities currupts our economic system and government, undermining our currency and global credit and investment markets.
Renewables and conservation are already cheaper, but figuring in the trend, they can actually prevent a looming energy price inflation world wide depression. It will dwarf 1929 if it is left to fester.
