Frankn
Gold Member
- #41
Thread Owner
I agree. Iran is going to cause further downward price pressure. I'm curious to see if the world is going to move away from fossil fuels now that all countries are agreeing at the Paris climate summit. I'm holding a very small position in a crappy lithium mining penny stock in hopes that electric cars will become more prevalent. Obviously fossil fuel dependency will take 20-50 years to break. I'm thinking that as the entire world warms (regardless of the cause), fossil fuel related stocks will remain toxic to investors.
Lithium looks like a good bet. There are several 'blends' of lithium being used. Most of the newer cars use the Li 'blend'. Lp is used in model car racing. Big Li 'packs' are being sold for home solar storage. There are problems with it in that the batteries require good engineering for cooling and current limiting.The hover boards being sold have tight battery cases with no ventilation and this is causing fires. It's the same as when Li batteries were first used with computers, but that is now past with better engineering.