tag:blogger.com,1999:blog-8524070301101240472.post7473017960580043167..comments2023-09-28T08:13:11.489-07:00Comments on Only In It For The Gold: In It for the GoldMichael Tobishttp://www.blogger.com/profile/08229460438349093944noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-8524070301101240472.post-52695575862365371812015-11-18T18:17:01.578-08:002015-11-18T18:17:01.578-08:00It actually gets worse. Focusing on investment ske...It actually gets worse. Focusing on investment skews the argument in favor of fossil fuel power production, as of course solar and wind operating costs are much lower.<br /><br />But all of this is fairly nebulous, in that interconnection, switching and monitoring costs are not accurately apportioned by generating power source.<br /><br />Levelized cost of energy skews in the other direction just as badly, and is of course derided by those favoring fossil fuels. Nobody has come up with a middle course.Tomhttps://www.blogger.com/profile/12747117922597525042noreply@blogger.comtag:blogger.com,1999:blog-8524070301101240472.post-53569320795246872432015-11-18T08:44:48.339-08:002015-11-18T08:44:48.339-08:00Yes, that'san example of the fallacy exactly. ...Yes, that'san example of the fallacy exactly. Investment is not a measure of cost, unless the growth rates of the sectors are the same. To fix it, you have to amortize the costs over the expected benefits.<br /><br />Let me try to make this clear with a concrete example. If I am spending $2000 a month driving an old Hummer, and trade it in for a new Prius, reducing my driving costs to $500 a month, but I am $20,000 out of pocket on the trade-in, my annual costs will go from $24,000 to $26,000, but my costs per mile have been quartered. The first way of thinking about it is not right, because my $20,000 that I spend this year will benefit me for years to come.<br /><br />Michael Tobishttps://www.blogger.com/profile/08229460438349093944noreply@blogger.comtag:blogger.com,1999:blog-8524070301101240472.post-73231698493669042582015-11-18T03:30:12.101-08:002015-11-18T03:30:12.101-08:00Looking at investment only, the IEA says global in...Looking at investment only, the IEA says global investing in energy was $1.6 trillion in 2013. https://www.iea.org/publications/freepublications/publication/WEIO_2014_ES_English.pdf<br /><br />Bloomberg had investment in clean energy at $268 billion for 2013, far more than 10%.https://www.iea.org/publications/freepublications/publication/WEIO_2014_ES_English.pdf.<br /><br />Total global spending on energy was $6 trillion in 2011 and has been climbing at about 5% annually since. https://en.wikipedia.org/wiki/World_energy_consumption. In 1990, global spending was $2.7 trillion.<br /><br /><br /><br />Tomhttps://www.blogger.com/profile/12747117922597525042noreply@blogger.comtag:blogger.com,1999:blog-8524070301101240472.post-21389189652946271662015-11-17T20:05:46.077-08:002015-11-17T20:05:46.077-08:00I'm not hugely enthusiastic about Mrs Clinton,...I'm not hugely enthusiastic about Mrs Clinton, but any other scenario I can imagine is too horrible to spend much time thinking about.<br /><br />By the way I find the habit on all sides of referring to Mrs Clinton as Hillary pretty much undignified but I guess it's been focus tested.<br />Michael Tobishttps://www.blogger.com/profile/08229460438349093944noreply@blogger.comtag:blogger.com,1999:blog-8524070301101240472.post-78845737360317231432015-11-17T20:03:11.850-08:002015-11-17T20:03:11.850-08:00Have you got a more or less authoritative source f...Have you got a more or less authoritative source for this? I'm not saying it's wrong, but a lot depends on how you count.<br /><br />I've seen such calculations that conflate capital and operating expenses pretty horribly. These make rapidly growing sectors look much worse than sectors that are stable or in decline.<br />Michael Tobishttps://www.blogger.com/profile/08229460438349093944noreply@blogger.comtag:blogger.com,1999:blog-8524070301101240472.post-86987795208465591132015-11-17T06:39:15.377-08:002015-11-17T06:39:15.377-08:00Actually that's wrong. It's not non-fossil...Actually that's wrong. It's not non-fossil fuels that comprise 10% of expenditures. It's pure renewables. Doesn't include hydro or nuclear.Tomhttps://www.blogger.com/profile/12747117922597525042noreply@blogger.comtag:blogger.com,1999:blog-8524070301101240472.post-29687047200075908022015-11-17T06:38:21.122-08:002015-11-17T06:38:21.122-08:00Actually non fossil fuels (including generation, m...Actually non fossil fuels (including generation, manufacture, investing and advocacy) are estimated at about 10% of the energy sector. Pity that 10% so far produces less than 1% of the world's energy supply, but there's hope for the future. Anyhow, 400 billion is probably on the low end. Might be 50% more than that.Tomhttps://www.blogger.com/profile/12747117922597525042noreply@blogger.comtag:blogger.com,1999:blog-8524070301101240472.post-89296446044331103022015-11-16T21:40:23.830-08:002015-11-16T21:40:23.830-08:00You've already given the 2016 Presidential ele...You've already given the 2016 Presidential election to Hillary?King of the Roadhttps://www.blogger.com/profile/06841601144107400103noreply@blogger.com