There are several reasons for oil prices being so resistance to downside price pressures. One is that the peak oil theory must now be taken seriously. While there is still plenty of oil left in yet to be developed or probably even yet to be discovered oil fields around the world all of the cheap to drill and transport has been placed under development. Drilling deep in hard to access remote places, especially deep beneath the sea, is tremendously expensive. You can’t expect oil companies to recover and distribute this oil unless the crude oil prices for today justify the effort and expense.

Another reason for the upward pressure on oil prices is the hard fact that many of the world’s leading oil fields are in a serious state of decline. For example Britain’s North Sea field will not even supply Britain’s own oil consumption needs today. Britain is now a net importer of oil.

Then there is Mexico. The at one time great Cantarell oil field is in a tragic state of decline. Within two to three years Mexico will probably have to stop exporting oil as it will need all that it can produce, and probably more, just to serve domestic needs. This is bad news for cash strapped Mexico and bad news for cash strapped America, as Mexico is the third leading exporter of oil to the United States. The leading oil exporter to the US is Canada and Second is Saudi Arabia. Replacing the oil we now import from Mexico will be a challenge.

A key reason that oil prices for today have remained so stubborn to the upside is that even though the recession has reduced oil consumption somewhat the reduction has only been on the order of 2%. The main reason for this is that growth has remained robust in China and India. Together these two huge countries account for about one third of the world’s population. With the growth rate in both countries high and with many millions of their citizens reaching middle class levels demand for oil has remained strong. Just the increase in the number of automobiles on their roads accounts for robust demand for crude oil related products, like gasoline, engine oil, and plastics.

With all of the above factors working together crude oil prices for today, even at $80 a barrel, will probably seem cheap within two years. In spite of what our great leaders try to tell us there is really no short term or easy solution to a looming world wide shortgage of crude oil. In America, we will have to make drastic changes in our lifestyles to prevent a total meltdown of our economy and living standards. Time is very short for us to make the drastic adjustments that will be necessary in order to avoid disaster.

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Earth4Energy Solar energy home kit: The Solar Panel

The main part of the solar energy home kit is the solar panel. With self build solar kits there are a large range of various sizes and shapes of solar panel available. The construction of the solar panel is very intricate but you basically have a choice of two materials available either

• Crystalline silicon solar panels

• Amorphous silicon solar panels.

The function of the solar panel is collecting the energy of the suns rays. The energy of the suns rays is absorbed by the solar panel, which causes movement of electrons from the atoms which in turn generates a direct current flow. In order to convert the direct current generated to useable household alternating current an inverter is used

Finding a location for your earth4energy solar energy kit

To get maximum efficiency from your solar energy home kit, you are going to need to find an appropriate location outside to have your solar panels. The best location for your solar panel is a location that receives the most direct sunlight throughout the day. The quality of your solar panel will determine the overall efficiency of your solar energy home kit in terms of electricity production.

As you can see the solar energy home kit is a very simple construction. The earth4energy system explains clearly how to build your own solar energy home kit for under $200s. As well as the clear and precise instructions provided by earth4energy review you also receive a full series of step by step videos making the construction process a synch. To save 80% on your energy bills or eliminate your bills entirely with a solar energy home kit checkout our build your own solar energy panels review

Technorati Tags: build your own solar energy system, build your own solar panels, build your own wind energy, earth4energy, earth4energy program, earth4energy review, earth4energy system, solar energy, solar energy for the home, solar energy home kit, solar energy kit, solar panels

Duration : 0:4:33

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Duration : 0:6:2

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