On Friday March 23, Peter Voser, President of Shell gas said that “for certain things energy prices need to be expensive….If you look at the world prices today I would say the prices are too high because they reflect geopolitical issues. But I would also say it will not go down too much because it will not otherwise allow industry to develop enough to supply.” The reasoning of this is because gas prices are based on the law of supply and demand, and when you factor international conflict with countries like Iran (most of our oil is from the middle east) the gas prices are going to increase. To see dramatic changes in gas usage, Voser believes the prices need to spike much higher. But to avoid this, he wants America to turn to renewable energy sources. Already, Shell gas company has invested in 80 MegaWatts of Photovalics to solar energy (for those who don’t know, photovalics is when solar radiation is converted into current energy).
Thus overall, our world is in no way sustainable and as we continue to use natural nonrenewable resources, the price of necessities like oil and water will keep increasing unless companies like shell and other large corporations can start investing in energy efficient technology or alternative energy resources.
Do you think that renewable resources are a better alternative to the pollution we are emitting? If so, why do you suppose more companies aren't turning to these alternative resources and what can be done to encourage more companies and developing countries to invest in renewable resources?