Based on this quote, I wonder if we are approaching energy creation/gathering and consumption all wrong.
The best indicator about seriousness is media coverage. Just about every global news station almost stopped reporting about the accident. They need to cover stuff that people will watch. This is why CNN sent 400 people to cover the royal marriage in London while they have only 50 people covering entire Japan.
[quote name='Krohm' timestamp='1300526579' post='4787866']
I'll repeat again. You guys are not serious but, if money is "not a factor" then pretty much everything will do.
Obviously enough, if you need this amout of power right now, the only possible way is to import it (supposing you still have a power grid to start with).
Anyway, my country is worse... way worse than Japan economically speaking. Since 19th Feb 2007 they managed to get about 3.8GW of peak power installed by private citizen (the government will pay those plants in the next 6-10 years based on effective output... quite handy). I don't know the power output as the fleet is huge and distributed but I estimate it to be at least 4TWh/year (but it's probably at least about 5 TWh/year).
That's fine. Numbers in isolation are great. I don't worry about running out of power.
Towards the end of last year I had to take a hard look at bills. I realized that my yearly power bill was bigger than my monthly salary. Or, I work one month per year just to pay for electricity.
The effect of these decisions on one's life are different. Power will always be there. But I remember back when I got my driver's license. The first time I went to gas station almost 15 years ago the cost per liter was 0.3 EUR/liter (equivalent). Today it's 1.3. The incomes however did not increase four times. Not even twice. And commute costs go straight from income.
With oil prices going up, pressures on power markets increase. With power shortage and nuclear being put on hold, pressure on electric markets drives oil prices up. By the end of the year, power prices will go up by some 20% at least, the oil also isn't coming down.
I don't really care which power will be used. Over time, there will be ever more of nuclear, coal, hydro, solar, wind, tidal, microwave-from-space, fusion, algae, .....
What I do know is that in 15 years, I will remember this day. I'll sigh and remember how back then I could afford to have air conditioning. And a server running at home 24/7. And porch light turned on during the night. I'll remember the time of cheap and abundant energy.
And obviously, by that time I'll have solar collectors installed, covering most of the cost. But rather than treating electricity as something ubiquitous coming out of the socket, I'll always have to keep in mind of how much charge is left in batteries and arrange my lifestyle around.
So will everyone else. And this tiny little bit of friction is what affects economy growth. Not much, just by one percent. Enough to go from prosperity to recession.
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Having all of those different ways to produce energy, especially solar, wind, and hydro, and still believing that electricity or gas will still be priced to a point that can lead one to poverty is amazing to me. Not that I think Antheus is wrong. I guess I'm just too optimistic about humanity and the free market.