If we were to pay for the oil hegemony motivated wars in the middle east.. add in all the bribe money we pay Pakistan, Afghnistan, Egypt, Israel. ..direct oil (welfare)subsidies and oil would cost over 300 dollars a barrel...
Originally Posted by Hoosier8
Currently we are deficit-spending to fund our bloated military and all the war costs and oil hegemony motivated "foriegn aid".
At present photoelectric conversion efficiency and under typical seasonal cycles and weather, a solar panel one square meter in area produces about .5 kilowatt-hours of energy per day. Since a barrel of oil contains 1700 kilowatt-hours of energy, it would take 3400 square meters of solar panels to produce the equivalent energy of a barrel of oil per day.
Currently, Iraqi oil fields produce 2.2 million barrels a day. To match this output with sunlight, we would need 7500 square kilometers of solar panels (= 2.2 million barrels x 3400 sq. meters/barrel). At a market price of $600 per square meter, the total cost of replacing Iraqi oil-produced energy with sunlight would be $4.5 trillion – approximately $410 million a day when amortized over a thirty year hardware lifetime. The equivalent cost in terms of oil-derived energy would then be $190 per barrel.
Expensive, yes, but the official cost of occupying Iraq is $400 million a day, which means that we are already paying a "war subsidy" of $180 a barrel for Iraqi oil!
Cut out all the oil related spending like subsidies, war, military related.. and Solar energy will be easily competitve with fossil fuels... add to that the benefits to our national security and new industry potential( solar panels have to be manufactured and replaced) and solar energy in the U.S is a no-brainer... if your intersted in the wellbeing of the U.S as a whole.. and not beholden to the Fossil Fuel industry and the Military Industrial Complex
Instead of Deficit spending to fund all these collateral costs...and the costs were added to all our energy consumption as a tax... Resdidential Solar Energy would take off like a proverbial rocket.
Last edited by signcutter; Jun 27 2012 at 05:38 AM.
"There comes a time when the operation of the machine becomes so odious, makes you so sick at heart, that you can't take part, you can't even passively take part. And you've got to put your bodies on the gears, and upon the wheels, upon the levers, upon all the apparatus. And you've got to make it stop