Renewable energy investment will accelerate

Again I see an article with a tinch of biasness in the reporting. It's like asking someone who operates a food stall whose food is the best. Obviously they will say theirs is the best.

This instance is about energy investment. I counted no less than 2 articles today talking about the cost of oil and how it will lead to a reduction in investment in both oil and renewable energy. I was thinking, what the... What do they mean by oil and renewable energy? It's oil investment. Full-stop. In fact, I think renewable energy now will accelerate as the governments in the world will want to stop relying on an energy source that does not depend on demand, but depends on the price that it will fetch.

Reason? When they look into the problem, they forgot one most important point. Oil investments depend on your location. If you have the resource, you have the power to invest in oil. Using Singapore as an example, no matter how rich she is, she could never invest in oil because the simple fact is that Singapore has no oil.

Renewable energy is vastly different. Even Singapore's small outlying islands like Sentosa can invest in renewable energy. Recently, it finally went into Singapore's head to invest in renewable energy like solar panels because they finally understood that it has its benefits.

Most importantly, self-reliance in energy. Singapore has learned the hard way with regards to the supply of water and now Singapore is the leader in desalination technology. Why not in solar panels?

Next is the portability of solution. Some renewable energy investment like solar is not reliant on any form of natural resource except for sunlight. And sunlight is free and limitless, depending on your location.

Last but not least is the economy. Let's say Singapore becomes the leader in production of efficient solar panels. The export volume will be substantial.

All those talk about solar energy not being efficient is just people trying to talk down the technology. Just remember... The first generation of the car travels slower than the horse carriage. Look at the car now. F1 anyone?

There are other types of renewable energy like geothermal but I feel that solar still has the biggest potential. Some time back I've talked about solar panels on roof tops and this year, it has actually happened in Singapore and US. Now it's also being installed on top of cars and most recently, a ship. Efficiency of solar panels can only be improved.

Oil still has its usefulness but some people just like to hype up the importance.