http://www.renewableenergyworld.com/rea/news/reworld/story?id=52693
Discounting
future commodity inflation, the authors believe that, without additional
improvements in end use efficiency, future systems with storage will require
$4.56 trillion in capital investment at todays prices to provide generation
capacity which supplies the great majority of both static and transport usage.
The current cost of imported oil to the USA at $100 per barrel at an import rate
of 13.2 million barrels a day in 20052006 is $482 billion per year.
If
number stay at current price then the payback time would be within 8 years...
globally, you would to quadruple those numbers
So again, at 150-200 dollars,
barrel oil becomes too expensive to use as a form of energy
and big oil is
trying everything possible to delay the
inevitable...
Joseph