Forced offshore, page-9

Hi Jantimot, I have never owned CWE but keep them on my watch list. I do own a few ERJ (the other stock you mentioned) but I just wanted to make a point if I may.

Firstly this is not the 1960s or even the 1990s. I remember back in the 1980s it took more electricity in the factory to produce a solar panel than what it would produce in total in it's life time. So no one in those days ever installed solar panels as a green alternative or for economic reasons. They did still have a niche application as a source of electricity to charge battery banks in remote locations where power was not available or was unreliable such as for microwave link stations in outback Queensland. Today, however, all that has changed. A solar panel has a life of 20 - 25 years and the payback for the electricity used to produce it is with the first couple of years. Now rooftops everywhere are spotted with solar panels because people can use them as a green slash money saving alternative for household electricity. The point is that technology moves on and these days it is moving on rapidly.

But I would take that point even further and make the point that necessity is the mother of invention. We as a global community as in deep crisis because of climate change. There were two items of interest in the news this week regarding this. Firstly Kofi Annan named and shamed 4 developed nations for being free riders on climate action. It was pointed out that Ethiopia, Kenya and Rwanda have more aggressive policies on climate change than does Russia, Japan, Canada and Australia. Pretty embarrassing for us. The other news item was that the G7 have committed to phasing out fossil fuel by the end of the century. By the end of the century we will need more electricity, not less so that is a hugely ambitious goal.......but it is amazing what mankind can do when he absolutely has to. For example we flew into the beginning of World War 2 in 1939 in cloth covered, wooden framed bi planes that were surplus from the first world war and then we flew out the other end of the war in 1945 in subsonic jet fighters. Neither side could afford to be slack in this regard and it was literally a matter of life and death to keep up technologically with the other side. If that same urgency is applied to the climate crisis it is most likely that an already fast moving advance in technology will quicken even further to a mind numbing pace.

Does that mean CWE or ERJ currently have the answer or even part of it??? I don't know but I just think it is important not to get too caught up in the failures of the past as a guide to where we are heading in the future.

The End.

PS. I loved your poetic turn of phrase....you are a man after me own heart.