Wrong investion oil production

Briol from the IEA wishes that US$ 5.400.000.000.000 should be invested in the oil production. At the progress to replace oil by wind and solar, this would be a wrong investion.

The interview in "international politic" translated by me

Schneider: You write US$ 5400 billion should be invested to cover the increasing demant for crude oil. In which countries should be invested?

Our comment

Sharp is just building the worldwide largest photovoltaic factory for a new micro crystalline amorphus amorphous cell. The fabric can produce 1 GW photovoltaic per year. In the same factroy will be new flat screens produce. Its not known to me how the US$ 3.3 billion splits between photovoltaic and flat screen production.

• 1000 such factories and mankind would have no more energy sorgen trouble with oil, gas, coal and uranium.
• 1000 such factories and mankind would have no trouble with the climate change.

Lithium instead of crude oil

The knonw world reserves are 12 million tons lithium. This is enough for electric mobility and day/night balancing for solar electric power. In the year 2007 had been 25.000 tons lithium mined.

To support a photovoltaic world producion of 1000 GW a year with 5000 GWh batteries for the day/night balancing are 200000 tons lithium necessary. For this, mining capacities have to be increased. To use this capacities for crude oil is an irresponsible waste of ressources.