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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (78343)4/25/2008 10:48:21 PM
From: kormac  Read Replies (1) | Respond to of 116555
 
Koan,

I have looked at the coal numbers in many different ways. As to enlightenment, as you know the age of enlightenment brought in much hubris, such that the belief that unregulated market will bring us prosperity forever. Well, it is now making mince meat out of us.

Cheers



To: koan who wrote (78343)4/26/2008 2:32:19 AM
From: mishedlo  Respond to of 116555
 
Congress Threatens Oil Producers
globaleconomicanalysis.blogspot.com
Mish



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