The attached white paper is a more comprehensive look at the impact of higher energy costs on reducing GDP growth. This tells us two things.
First, we are in serious economic trouble already with a low and declining rate of economic growth from the continually increasing cost of fossil fuels.
Second, replacing fossil fuels with more expensive alternative energy sources will only make the problem worse. So far, wind and solar have been a relatively small economic factor, but growth to a level where they can contribute to a significant reduction in CO2 emissions would quickly get us into economic decline, and the political unrest that comes with economic decline.
StratoSolar's lower cost of energy production than fossil fuels can reverse the current decline in the rate of economic growth by making energy cheaper on a continuing basis.
By Edmund Kelly
First, we are in serious economic trouble already with a low and declining rate of economic growth from the continually increasing cost of fossil fuels.
Second, replacing fossil fuels with more expensive alternative energy sources will only make the problem worse. So far, wind and solar have been a relatively small economic factor, but growth to a level where they can contribute to a significant reduction in CO2 emissions would quickly get us into economic decline, and the political unrest that comes with economic decline.
StratoSolar's lower cost of energy production than fossil fuels can reverse the current decline in the rate of economic growth by making energy cheaper on a continuing basis.
By Edmund Kelly
| energy_and_the_economy_white_paper_01-18-2016.pdf |
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