Quote:
Originally Posted by RIJIMMY
yes, and with the drop in oil prices, companies will have less to invest, thus stopping research and exploration.
Energy technololgy as growth will no be viable for YEARS, at least 5-10. thats not growth. I stand by my statement.
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There will be no shortage in research and exploration. Yes, areas that are thought to be less productive will be tapped into as late as possible, but the incredible demand for energy (even assuming declines in consumption from a global slowdown) will still mandate companies do everything to increase supply or innovate new technologies.
It simply
has to happen or the human race with collapse. This on its own has an energizing affect on the economy.
-spence
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