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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: koan who wrote (78343)	4/26/2008 3:24:01 AM
From: Haim R. Branisteanu	Read Replies (1) of 116555

Coal reserves are estimated around 150 years at current "burn rate" bp.com Now if China and India will continue building every week on average a new electrical power station powered by coal this number may shrink very quickly. According to BP the US has the biggest coal reserves know to date The counter weight to coal consuption may be wind power and solar power with cost per KWh sliding toward the magic 10cent per KWh. Lower interest rates will be of great help in this case as building 1 MW capacity of wind or solar power cost now about 2 to 3 times the cost of gas or coal electrical power stations nytimes.com The United States recently overtook Spain as the world’s second-largest wind power market, after Germany, with $9 billion invested last year. A recent study by Emerging Energy Research, a consulting firm in Cambridge, Mass., projected $65 billion in investment from 2007 to 2015.

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