The price of oil and gas is unlikely to ever go up to over US$100 or even fifty or sixty dollars. More and more countries are using renewable or alternative technologies. Norway on a windy day will produce 150 per cent of their wind energy requirements; they sell energy to other countries.
Most of western Europe produces over 50 per cent and with the investment now being made in the US, they will be over 50 per cent-plus in the next few years. Many other countries are not to far behind.
There are new developments in solar cell technologies and these cells are cheaper and less costly to install and maintain.
There is a new kind of wind turbine called a Oscillating Wind Turbine. It will also be cheaper and less costly to install and maintain. Then here is the Micro Grid. This quite interesting as it uses a battery technology called Flow. It is made using shipping containers, with solar cells on top. It is called a giga battery and it can power several hundred houses. As the years go by there is going to less use of fossil fuel. Finding new gas and oil field is gong to be of little significance. Visit sites like green optimistic.org.
Since we haven’t diversified the economy, foreign exchange earnings will be less from now on. We can give foreign exchange preference to businesses that generate foreign exchange directly or indirectly. Indirectly means one company investing in a company that generates foreign exchange.
Some years ago we tried Venture Capital Investments; that did not work because one would lose everything—too great a risk for our entrepreneurs.
I had an idea of a Venture Capital Fund. This fund would have less risk because the successful venture would make up for those that fail. The investor will at least get some return on their investments. Companies that invest in this fund can pay five per cent less tax.
Dale Banfield,
Trincity
