by Kent Moors, Money Morning
Special Reports from Oil & Energy Investor, Money Morning
For decades, visitors to the Brule River in Judge C. R. Magney State Park in Minnesota were baffled by what became known as Devil’s Kettle.
At one point in its run, the river splits in two. One half rushes over a 50-foot waterfall. The other half flows into a hole… and disappears.
Or rather, that’s how it appears.
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This mystery intrigued geologists all over, and for years, tests were performed to see where this Devil’s Kettle flowed. They dropped in things like Ping Pong balls, dyes, and even logs to see if they would turn up.
Everything they dropped into the Kettle vanished.
However, like many things in life, it’s the simplest solution that ends up being correct.
In 2017, they finally figured it out after measuring the water levels of the river before and after the split occurs. The two readings were identical, meaning that Devil’s Kettle simply rejoins the river shortly below the falls, and all the objects dropped into the hole were merely pulverized before they could resurface.
Many of nature’s mysteries have been solved by looking toward the obvious solution.
Take the Bermuda Triangle (also known as Devil’s Triangle… I’m seeing a theme here). For centuries, ships and sailors have disappeared into this mysterious stretch of ocean water, sparking tales of sea monsters, aliens, and paranormal activity.
Until scientists proposed a theory of this particular area being prone to something called rogue waves.
Due to the Triangle’s location in the sea, it’s prone to huge waves that appear very suddenly and unexpectedly – easily sinking a ship caught unawares.
Not to mention the high volume of sea traffic that goes through the area – nearly a third of all privately owned vessels in the U.S. travel through here. Higher numbers means more incidents.
My point is, everything, even nature’s most mysterious phenomena, has a rational explanation or solution.
The same is true for the energy business.
The Answer Is Right Above Our Heads
Fact is, over the last few decades, there have been concerns raised about the dwindling supply of oil and natural gas – or rather, the dwindling supply we can access.
That’s not to say there hasn’t been new technology being developed to access deeper layers of oil and natural gas, however, it’s always good to have a contingency plan.
And that’s where renewable energy comes in.
Fossil fuels are finite. The planet only has so much of it, and we’ve been digging it out much faster than it can be produced naturally.
This was a conundrum that had pundits concerned for the future.
However, renewable energy has been staring us in the face for some time. Thomas Edison back in the early 1900s was already waxing poetic about the potential of using the sun, wind, and other natural resources to our own advantage.
In other words, the simplest solution is often the right one.
Now, back in Edison’s time, utilizing solar energy wasn’t feasible. It was simply too expensive.
But times have changed, and solar energy is more accessible than ever before.
Cheaper But More Profitable
The below chart illustrates exactly how accessible solar energy is these days:
In just forty years, the price of solar cells decreased by 99.6%, and more and more companies and governments are jumping on the wagon to take advantage of it.
Solar energy has become the fastest-growing resource in the world.
There are governments around the world that are moving toward 100% clean energy. Some are requiring residents and businesses to put solar panels on their roofs, and that requirement is only going to become more popular as solar energy becomes cheaper.
Which means that solar companies are following along just as quickly.
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