Remember Exelon Corp.'s John Rowe earlier this week talking about the $400 billion that utilities will have to spend to build power plants that have low-carbon emissions?
Gilbert Masters, a Stanford professor emeritus, gives a good reason why there's some urgency. He says current oil supplies in all nations would last the world for only about 41 years.
Others have predicted the end of petroleum, but Masters actually appears to see signs of hope and would throw some more business to the electric power generation industry. He's bullish on the development and wider adoption of electric-powered vehicles.
Why?
"Electricity is an inexpensive fuel," said Masters who advocates generating electricity for cars from sunlight using photovoltaic technology.
And while you might think that kind of talk only plays well in California, consider that a company that makes a raw material to make solar cells today broke ground to build a new manufacturing plant in Fairless Hills. AE Polysilicon says it would employ 145 people at the factory, which is in a low-tax Keystone Opportunity Improvement Zone.
