That new paradigm in solar by Quantum Materials Corp/Solterra Renewable Technologies, Inc (QMC/SRT) is down right deadly for the Oil moguls. Their ride for the past 60 years is about to come to an end the next 5-10 years. It won’t happen instantaneously but it will happen. There are several reasons the landscape is going to change in the oil industry. First and foremost is technology. Entering the explosive growth that is about to start in Nanotechnology is for most going to be mind boggling. Hard to comprehend what some of the space sci –fi imaginations are thinking about will be able to come to reality. 3D Holograms, who would have thought. In the future that will be the entertainment theater in which you are right in the middle of all the action. You thought 3D IMAX was something, you haven’t seen anything yet. So if technology gets us to this new level how does that affect the old staple oil? First to be affected is the decrease in real demand, it isn’t going to dry up but it isn’t going to be driven by the oil speculators driving up the price instead of from real demand. Second, most of the large developed countries will be extensively powered from alternative fuels and 80% off the grid. Solar will be the most dominant of the energy sources that will decrease the need for oil initially. Third is Third world countries will drive the demand and resultant price for oil. Power even there for electricity will come from some of the alternative fuels. That leaves a huge demand decrease and drop in oil prices. Fourth, more electric cars will mean more solar arrays for power and less gas guzzlers needing gas. Fifth is economically depressed countries lacking electricity will also cut into the oil profits and demand. They won’t need to use the oil as they start to evolve into productive entities. Power will be cheaper and more reliable locally produced with solar. Sixth, the strategic oil reserve just opening up tells me the government is looking to lower cost replacement oil, if it is even replaced at all in the future. The electricity replacement from solar power will offset the utilities generating costs using oil. Competition in this case will be very healthy for the average customer. Seventh, the Cartel is without leadership that can rule. Hard to get consensus between the members any more. .Aside from the new finds several of the non cartel countries are making their way into the global market. When given an alternative to the oil most will opt for the environmentally friendly product. Make the alternative cheaper, add in that it is the oil pollution solution and it’s a done deal. Overall oil is going to have a hard time holding a candle to solar in the foreseeable future. Oil will always be around but as far as a THE dominant source for generating power and energy, history will write that it’s time has come and gone. Clean nanotechnology trumps dirty oil courtesy of Quantum Materials Corp and its subsidiary Solterra Renewable Technologies, Inc.
Solar and Oil don’t MIX