We have been dependent on fossil fuels for well over a 100 years, but we have dwindling fossil fuel reserves and the looming demise of cheap oil. The International Energy Agency (IEA) recently confirmed that every fossil fuel resource we rely on today will simply not be able to keep pace with demand. Our entire way of life and all of our current economic projections are built around assumptions that there will always be more energy when we need it. But this is a flawed assumption and that's why we're about to see the biggest energy transition the World has ever witnessed!
Now all of the following have to be reconsidered:
1. The way we create electricity
2. The way we power our transport
3. The way we store and purchase our energy
4. The way we manufacture plastics
5. The way we build our homes and work places
Within the next decade or so, the simple fact is that supply will not be able to keep up with demand for oil. Virtually everything we use and consume today relys on oil being cheaply available.
There's a lot of interest surrounding the extraction of shale gas and hydraulic fracturing, known as fracking. Some energy companies see it as the most important development in the global energy market in decades, but from the environmentalists point of view its a catastrophe of Biblical proportions that must be stopped at all costs. Whatever the true facts of the matter, it seems crazy that we would even consider such a process that has largely unknown effects on the earth and water supplies, when we can be harnessing so many other alternative sources of energy that have little or no negative impact on our planet.
We have two stark choices: Continue with an energy economy that is unsustainable and damaging to the environment or use the coming energy crisis to ramp up the production of renewable energy alternatives. Renewable energy solutions, whether solar, wind, geothermal or biofuels will usher in a new way of life and a new generation of wealth for early stage investors.
Check out our reports on Solar Energy, Geothermal and Wind Power ...