In his new songs video presentation for the flick "American Gangster," best selling rapper Jay-Z flaunts the euro, not the dollar, to exhibit his wealth. And
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Best selling rapper Jay-Z makes a comparable point in his music video for the motion picture "American Gangster," when he flashes euros instead of dollars.
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These illustrations tell us a lot about exactly what a whole lot of people with money, lots of money, consider the worth of today's dollar. And several of them are starting to hedge their bets with regard to the dollar. However, exactly what does any of this have to do with eco-friendly energy resources?
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In the event that the U.S. dollar stays fragile contrasted to additional currencies, the result will certainly be a series of unpredictable side effects. But one reaction that is practically ensured to take place is a rise in the expenses of standard energy resources. All imports, but in particular oil and gasoline imports, will certainly become more pricey. The days of under $ 2.00 a gallon for gas are undoubtedly long gone.
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Relationship Between Grid Parity and Energy Costs
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When people discuss grid parity, they're discussing the tipping point when it becomes less costly to make their own electrical power, from photovoltaic cells or some additional ways, making use of solar energy, than it is to buy it from power companies off of the electrical grid. As energy rates rise, more and more individuals will discover themselves reaching grid parity.
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It was not that long ago when talk of a community achieving grid parity would seem to be the conversation of science fiction. But, as the cost of energy has grown, a few places in the country have already reached that point. As of 2007, the state of hawaii has already achieved grid parity with the peak charging rates. And parts of California, in particular Northern California, have reached gird parity as well. As power prices continue to go up, in large part as a result of dollars continuing devaluation, we are going to likely see many more communities reaching grid parity.
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In addition, there is an inverse price relationship taking place between solar power and oil. As the cost of oil slowly increases, the prices of photovoltaic cells are slowly being reduced. Business are becoming much more effective at generating solar cells. This enables them to be offered at reduced rates. In addition, the solar cells themselves are coming to be a lot more efficient collectors of solar energy. This permits the home owner or entrepreneur to save even more cash.
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There are additional elements, as well, that are prodding us towards higher uses of solar cell technology. The looming concerns of global warming and the pressing demand to lower greenhouse gasses that are being released into the ambience make changes more urgent than ever before.
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Some companies are beginning to see the light also. One business, SunPower, makes photovoltaic panels specifically for companies. This business anticipates to bring in greater than one billion bucks in sales next year. An additional company, Renewable energy Inc. had profits of over 8 million dollars in just its 3rd quarter. And solar power businesses in foreign nations like Germany, Japan, and China have started to ramp up their solar energy manufacturing facilities greatly in the past couple of years.
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This country has been borrowing money in unprecedented quantities for the past several years with no indications of decreasing. We have a nationwide debt of over 9 trillion dollars. Now, the rest of the globe is slowly determining that they no longer desire to bankroll us. For us, that suggests a continued low valued dollar and increased energy costs.
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