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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Haim R. Branisteanu who wrote (62866)1/28/2007 3:51:49 PM
From: benwood  Read Replies (1) of 116555
 
It does appear that a 25-50% gain in efficiency would make solar a very attractive proposition. Too bad we have punted on solar, for the most part... half a trillion in research might have gone a long way.

There is a back end savings to solar, at least, as far as I'm aware. Solar doesn't stick you with unintended consequences that could cost billions or perhaps trillions. I'm referring to nuclear (100k years storage costs of spent rods; Chernobyl, 3 Mile Island; terrorism risks); global warming (huge die back, perhaps); damaged environment (coal, oil e.g. spills) and so on. Those are hidden costs of many of the current energy sources which are not reflected in the rate structure because they are either ignored or ultimately paid by tax payers.

Lots of areas of the US are over 10 cents per kwh now.
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