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.
Posts Tagged ‘utilities’
Wind Power’s Weird Effect
This wind power article identifies benefits most people don’t know about. Renewable energy gets a federal tax credit of 2.1 cents per kilowatt-hour even if there is no one to sell it too! How great is that!
Why is that good? Solterra Renewable Technologies (Ticker QTMM) solar cells will generate 24/7 maximizing power during the day when it is needed most and minimized at night but still generating and get the 2.1 cent subsidy. The new Quantum Dot solar cell will replace the silicon wafer solar cell to allow solar to achieve grid parity. The new proprietary Quantum Dot technology is more economical, more energy efficient, has a broader spectral performance and Solterra reduced the cost of Quantum Dot production by more than 90%. The new solar cells will not need water for a cooling source. They can be placed close to the transmission lines as they are not dependent on specific windy locations since the Sun is everywhere. They will cost less than the wind turbine start up investment and solar power is more environmentally friendly, particularly for the birds and much quieter too. Recently the laws have been changing from the individual states to the Federal Government. Rebate programs, net metering, incentives programs designed to stimulate the economy from individual homes to businesses have been enacted or are planned but they won’t have a critical mass type on impact that the following will. Prior to 2008 utilities were not allowed to directly benefit from federal solar tax credits. They were the ones being forced to buy the power from the independant providers when it wasn’t needed and you and I would be the ones paying for it. When Congress extended those credits in 2008 they changed who could benefit to include electicity providers. Now that utilities do qualify and can cost-effectively build, own and operate their own solar farms and arrays the picture has changed. For two years the utilities have been looking but unwilling to cut into their profits to build costly solar projects. With the price of solar coming down for silicon they still haven’t made grid parity pricing yet and will continue to need significant government support as they do in Germany to build their projects. But that is about to change in the very near future. Solterra Renewable Technologies, Inc. is using Quantum Materials Corporations revolutionary Tetrapod Quantum Dots to replace the high cost silicon wafer based solar cell with low cost flexible TQ-Dot solar cells. The icing on the cake is Solterra will mass produce the revolutionary solar cells in the GIGAWATT capacity, not in years, or months but in weeks. Capacities that the utilities can relate to. Following history the greedy oil speculators and producers will keep prices at levels conducive to renewables gaining significant market share. That is why Solar is going to explode with QTMM/Solterra Solar cells making it happen with their Quantum Dot technology.