RE: [hreg] Petrolistan and solar energy
I know enough economics to know that if someone could answer your question with certainty—i.e., predict the direction of oil prices, magnitude of solar cell price reduction and currency exchange rates over the next few years—they would not be wasting time reading this discussion but would be relaxing on their private beach in the Bahamas or flying their Gulfstream to Davos. Personally, with the dollar having already dropped a lot, with oil at all time highs, and with solar cells expected to decrease in price, I think waiting wouldn’t be a bad option unless you have immediate need for it. But who really knows?!
Remember the email that talked about our income being reduced to 50% with the rise of the price of oil? While I listen to the arguments I wonder...... Does the rate of recesion (inflation as the price of oil continue to rise) affect the price of solar and has this bee considered when trying to figure out if this is a good time to buy solar or not? Example: If I buy a solar array today would that be smarter to do than to wait until our dollar devaluates even more? Would it be better to to purchase one know instead of waiting to get it at a cheaper price in 3 or 4 years when the currency would be worth less and most needed to off set the cost of living? Does anyone here know enough about economics to answer this question?