World energy resources are fast depleting and general notion is of desparation for new and economic source of energy in transport, manufacturing sectors.
Green Chemistry Noble Prize ensures one thing that world is this time careful in manufacturing environment friendly goods and gadgets.
There is another thaught that this time the main source of energy should be cheap and renewable.
Here only I feel there would be some problem on economic front.In electronics goods it is observed that advance in technology bring lesser amount of profit. This was observed in TV, PC , Music players and like goods. On the other hand if vehicle technology is observed generally the production cost is high which leads to high end price.
The second quarter profit of many Japenese electronic giants reported dip in profit during 2005.
The non-renewable sources are generally costly which fetches great money for the production unit. While renewable source are not abundant and popular so low price policy is a big no-no from both producer and consumer point of view.
The recent shell ads in Time/Newsweek magzines give a very attractive picture of future energy gallery. The one with a teacher and driver really sets the mood.
The cheap energy will diminish the profits and may cause hovac like what Mr. vice President said in an conference in the Movie 'The Day After Tommorrow'.
I will get back soon on the same topic.

Ashish