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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (1061332)3/20/2018 8:06:37 PM
From: RetiredNow  Read Replies (1) of 1575051
 
There are a lot of the pieces of the puzzle that aren't yet invested in at economies of scale. The problem I've consistently found in these kinds of comparisons is that you are comparing a fully developed infrastructure and economies at scale for oil and gas to the renewable industry, which is still in its infancy and which does not have the full infrastructure elements from start to finish built out. So what these guys consistently try to do is strip out the things that make it apples to oranges to try to get at a fair comparison. It's a tough comparison to do. However, one way to think of it is in terms of inputs:
* Oil and Gas: resource is finite and increasingly scarce, which requires increasing amounts of capital and new technologies to find harder to find deposits
* Solar and Wind: resource is free and unlimited, while the investment required is the upfront capital to build the harvesters and the grid connectors, as well as the storage units to smooth out supply

Imagine if we'd taken the $10 trillion wasted on wars and bank bailouts over the last 16 years and rebuilt our energy grid and done a manhattan project to stand up the renewable energy industry. We'd already be there and enjoying the fruits of that investment. Instead, we have debt and nothing to show for wasting $10 trillion. It's a shame.
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