Bach Under The Stars

Sunday, 26 June 2011

Are fossil fuels going to be prohibitively expensive?

This isn't true at all. Remember commodities boom in the "70s. It was similar like today. Since then usage of oil increased 50%, usage of coal doubled and usage of natural gas quadrupled.

Rate of oil extraction is going probably to drop, but there are lot of new sources of natural gas and it is going to be cheaper. Nuclear energy should also be cheaper than it is.

Finally there is coal. Have you heard about low income countries? You know what they want? Construction sector! They want houses made from bricks, with glass in the windows and running water in the bathroom. You need large quantities of energy to produce that fast (look at China). And they want this energy using cheapest method possible. If this method would use local resources of coal, it can be coal burning.

I haven't got slightest idea how much coal deposits are in Democratic Republic of Congo, but we will probably know, when they burn it all.

BTW, You want decrease world's CO2 emissions? Build Grand Inga Dam. This will produce same amount of electricity as 50 000 000 rooftop solar panels. Build there aluminium smelters, steel mills, rotary kilns. Show them 38 MW electric arc furnace. I bet they will be pleased.

Otherwise expect Congolian forests burned to the ashes.Current rate of deforestation in Congo basin isn't very fast, but with population growth can accelerate. Dominican Republic have forests, Haiti don't. Haiti also doesn't have power

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