A recent article by Peterson in Seeking Alpha raises an interesting and rarely discussed point: non-ferrous metals are crucial in alternative energy projects. And non-ferrous metals are rising in cost faster than petroleum. The average person in the world uses 4200 pounds hydrocarbons and 35 pounds of non-ferrous industrial metals.
How will the non-ferrous metals be substituted economically for the hydrocarbons?
And where will we get these newly needed metals?
Friday, July 1, 2011
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