A Quote by Van Jones
The laws of supply and demand drive up the price, inevitably, over time. But solar and wind are abundant and renewable resources.
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In reality, Republicans have long been at war with clean energy. They have ridiculed investments in solar and wind power, bashed energy-efficiency standards, attacked state moves to promote renewable energy and championed laws that would enshrine taxpayer subsidies for fossil fuels while stripping them from wind and solar.
I think there's a really great amount of potential for Hawaii to become an example of what's possible with renewable energy because there are so many renewable resources here: energy, solar energy, and wind energy. There's so much potential here.
One cannot buy, rent or hire more time. The supply of time is totally inelastic. No matter how high the demand, the supply will not go up. There is no price for it. Time is totally perishable and cannot be stored. Yesterday's time is gone forever, and will never come back. Time is always in short supply. There is no substitute for time. Everything requires time. All work takes place in, and uses up time. Yet most people take for granted this unique, irreplaceable and necessary resource.
So on the demand side [for energy], there have been a variety of policies that globally have been way over $50 billion a year of tax credits, raising the price of electricity through things like renewable portfolio standards, so the total amount of money that's gone into sending a price signal to push up demand versus what would happen without it has been gigantic.
Like any business, the oil industry runs on the basic premise of supply and demand. The more supply - the lower the price. The higher the demand - the higher price. In other words, the more people who can buy oil, the higher the price of oil.
The opinions that the price of commodities depends solely on the proportion of supply and demand, or demand to supply, has become almost an axiom in political economy, and has been the source of much error in that science.
Our country has suffered from an on-again, off-again energy policy that has failed to get us to energy independence. As President Obama has said, we need a comprehensive energy plan for the country that includes conventional resources like oil and gas, but that also takes advantage of wind, solar, biomass, geothermal, and other renewable resources.
You want supply to always be full, and you use price to basically either bring more supply on or get more supply off, or get more demand in the system or get some demand out.
The renewable industry claims technical innovations will improve solar and wind - but in reality nothing can change the lower power density of sunlight and wind.
Clubbing energy efficiency with renewable energy will give us the much-needed window to incubate the renewable energy sector, particularly large solar, without having to increase the price of electricity.
I do believe that oil production globally has peaked at 85 million barrels. And I've been very vocal about it. And what happens? The demand continues to rise. The only way you can possibly kill demand is with price. So the price of oil, gasoline, has to go up to kill the demand. Otherwise, keep the price down, the demand rises.
Variable but forecastable renewables (wind and solar cells) are very reliable when integrated with each other, existing supplies and demand. For example, three German states were more than 30 percent wind-powered in 2007 - and more than 100 percent in some months. Mostly renewable power generally needs less backup than utilities already bought to combat big coal and nuclear plants' intermittence.
The price of crude oil accounts for 55 percent of the price of a gallon of gasoline, driven by global supply and demand. The United States depends on foreign sources of oil for 62 percent of our nation's supply. By 2010, this is projected to jump to 75 percent.
I've been told that I have a lot of energy. The secret is that I use renewable resources. Some days I'm solar powered. Some days I'm wind powered. And some people in this room might think I'm hybrid gas-powered. You'll just have to guess which it is today.
The supply price and the demand price should be roughly the same. You're not supposed to have two different prices. According to economists.
We are headed toward 'perfect capitalism,' when the laws of supply and demand become exact, because everyone knows everything about a product, service or customer. We will know precisely where the supply curve meets the demand curve, which will make the marketplace vastly more efficient.
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