It should come as no surprise that in the wake of the Deepwater Horizon oil spill disaster, there has been a renewed push by environmental activists to embrace renewable energy options.
addition to oil
Imagine that every car in America was an Electric Vehicle (EV) powered by a electric battery like the Tesla’s (Nasdaq: TSLA) Roadster. Imagine also that each and every car was powered with solar energy. Here’s a question: what amount of land would you need to generate the solar energy to power every electric vehicle in America? And how would that solar acreage compare with the land surface that the oil industry uses to drill today?
I did the numbers and the answer will surprise you.