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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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New World Record For Efficiency For Solar Cells
Hydrocarbon Alternatives Physicist Bram Hoex and colleagues at Eindhoven University of Technology, together with the Fraunhofer Institute in Germany, have improved the efficiency of an important type of solar cell from 21.9 to 23.2 percent (a relative improvement of 6 per cent). This new world record is being presented on Wednesday May 14 at a major solar energy conference in San Diego.

The efficiency improvement is achieved by the use of an ultra-thin aluminum oxide layer at the front of the cell, and it brings a breakthrough in the use of solar energy a step closer.

An improvement of more than 1 per cent (in absolute terms) may at first glance appear modest, but it can enable solar cell manufacturers to greatly increase the performance of their products. This is because higher efficiency is a very effective way of reducing the cost price of solar energy. The costs of applying the thin layer of aluminum oxide are expected to be relatively low. This will mean a significant reduction in the cost of producing solar electricity.

Science Daily

Posted on Thursday, May 15 @ 05:29:36 PDT by waegari
 
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