And thus, we could also expect a boom and bust cycle for the solar tech industry.
Boom: Let's see how fast we can make money selling solar panels.
Bust: We sold so many solar panels that we have more energy than we need.
It's not going to happen overnight. The value of nearly all commodities will become suspect the instant energy/electricity approaches the cost of zero. This means global market volatility will surge as countries/investors figure out a new means of evaluating worth. Free is good, but not if it causes a global panic.
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And thus, we could also expect a boom and bust cycle for the solar tech industry. Boom: Let's see how fast we can make money selling solar panels. Bust: We sold so many solar panels that we have more energy than we need.
We'll always find a use for that excess electricity, especially if it's renewable.
It's not going to happen overnight. The value of nearly all commodities will become suspect the instant energy/electricity approaches the cost of zero. This means global market volatility will surge as countries/investors figure out a new means of evaluating worth. Free is good, but not if it causes a global panic.