Nonrenewable Energy

As Capital Corp Merchant Banking Inc has discussed in previous communiqués about the nature of and status quo within the renewable energy industry, it is equally important to understand the opposite situation - that is, the nonrenewable energy industry.

Simply defined, nonrenewable energy consists of those resources that have an economic value but are not readily replaceable by nature at the same rate of utilization. For instance, those three main and most well known nonrenewable resources are: oil, natural gas, and coal.

One could also include timber or trees into this category but trees have the ability to grow back at a much faster rate than that of oil, gas and coal - which, given scientific research, can take billions of years and thus, essentially nonrenewable within human existence.

For the most part, every single country across the globe uses these nonrenewable resources for power production with a few countries adding in nuclear energy; and ultimately the main reason for continuing to use these resources is that it's affordable and readily available.

Therefore, and given this affordability, these fossil fuels will be used until such a time when the scarcity of these fuels becomes so great that the price for consumption outweighs the productivity cost of renewable energy techniques.

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Respectfully yours,

Capital Corp Merchant Banking, Inc.