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July 15, 2008

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Bill Rogers

Solar is the future but it is not as yet ready. The primary problem is that most of them are based on silicon semiconductors which are not cost effective when used on that scale.

The solution is either a different type of technology or concentrating solar (mirrors and lenses concentrating a larger amount of light onto a smaller cell).

Beyond that, gas prices are where they are largely due to the failures in other financial markets. As one market collapses it causes everyone to flee to a different market that looks strong. If there are few markets for them to flee to because the credit market is shot and the dollar looks weak then they'll go to commodities because those hold their value better. All commodities have gone up including gold, rice, and yes oil. The price will either ebb down if other markets can be repaired in the near future or collapse as in the case that the price for a product is driven up too far beyond it's worth.

We'll have to see... what we need is time. Time to standardize residential/small scale concentrating solar and time time to let our financial markets sort out their various mistakes.

In any case, it's the cool heads that win. Those that feel markets will never go down or run around in circles screaming that the sky is falling lose.

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