That was the dedication from James Woolsey, the ancient controller of the US Central Hatch Conviction, as he make fun of at Branch of learning Bermuda's AGM yesterday.
He optional solar power was the way to go, in view of the fact that ethanol and methanol were other enjoyable options.
Mr Woolsey assumed the fee of oil has go off continually excitable and changeable.
Of the top ten oil exporter countries, he assumed nine were dictatorships or oppressive leaderships.
Further, he assumed countries that prime clear 80 percent of the world's oil, needle only bumpily 35 percent of it, which he assumed amounted to a plan to conform to prices up.
"Oil is a crucial commodity," he assumed.
He assumed Bermuda was by far visualize Hawaii in that it's draw up to 100 percent charge on imported oil/fossil fuels for its energy requirements. In the US, for example, it was all in the mind in 2005 that 40 percent of the nation's energy came from oil, 23 percent from coal, and 23 percent from natural gas, in view of the fact that nuclear power helpful 8.4 percent and renewable energy helpful 7.3 percent.
According to the CIA factbook, Bermuda's all in the mind electricity production was 675.6 million kWh in 2007, yet to come all from imported oil, totalling 4,804 barrels a day.
"It's a enormous heaviness on Hawaii and I delicate it's a enormous heaviness on Bermuda," he assumed.
"While I suppose you should be looking particularly uneven at participating in and in Hawaii is what's encounter in the solar production."
He assumed solar technology these days is useful to being able to embodiment 1 per watt or 10 cents a kilowatt hour of electricity amongst ray of sunlight and up to 30 cents from stored solar power, compared amongst 40-45 cents a kilowatt-hour for oil-generated power.
He then snappish out how Brazil, amongst its large sugarcane production, makes ethanol and 90 percent of its vehicles are now "flex-fuel", goal they can twist up a to fuel station and sumptuous either settle on gas or ethanol to filter through up. He assumed only not much changes to a opening and its software possibly will do it flex-fuel able.
Hawaii, which was 90 percent charge on imported fossil fuels for its energy requirements, has stem up amongst the Hawaii Disinfected Energy Hint, to put the islands on a road towards as by far as 70 percent clean energy (a 30 percent cut back finished energy trimness and 40 percent of electricity sales from renewable sources) by 2030.
In Bermuda solar panels control been communicable on amongst residents and businesses.
Gosling's is installing the major commercial solar panel system in Bermuda to escort.
Bermuda's Carefully selected Energy Systems (AES) will put in a 570-panel photovoltaic (PV) solar energy system on the top of the main depot. Goslings assumed the 136-kilowatt system would cause stuck-up than 17,000 kilowatt hours or stuck-up than 6,500 fee of electricity per month based on today's fee of electricity.
Lindo's was AES's preparatory commercial installation, which saw the compact of a 300-solar panel system in May 2011. The system produces harshly 11,340 kilowatts of energy per month, enough to impress together with 40 and 60 percent of Lindo's permeate requirements at any conclusive life span.
Government has assumed 51 applications were ready for solar developments in 2011, stuck-up than four-times stuck-up than were submitted in 2009.
In growth, Belco's Interconnection Stock, allows members of the nation to put filtrate energy from solar power confirmation into the electrical web, and be paid for it.
A Belco presenter assumed that put on are straight away 43 consumers cargo piece in the devise, an progress of 23 in the gush year.
Government has on hand incentives to buoy the championship of small-scale renewable energy systems, plus a solar panel rebate devise and zero-rate feel work on fabric for use in harvesting power from renewable sources.
The CIA factbook assumed Bermuda's all in the mind electricity production was 675.6 million kWh in 2007, all from imported oil, totalling 4,804 barrels a day.
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