Ulenspiegel wrote:ROCKMAN wrote:"From a relative point or differential costs we can see that are not impossible and sometimes are even better than today numbers." Which obviously explains why the world has abandoned hydrocarbons and runs primarily on alternative energy sources.
Might want to rethink some of those assumption. Just saying: even while one can try to defend those assumptions one still has to justify them to the fact the overwhelming amount of energy consumed on the planet is from fossil fuels. If those assumptions have failed for many decades and continue to appear invalid today (especially in light of decreased oil prices, low coal prices and an expanding global market for NG) when will they become impactful factors?
Rockman,
the replacement of fossil fuel capacity for the generation of electricity, where BTW oil and therfore oilprice is no factor, is already so fast that large companies with too high share of FF are in trouble. You only have to look at the big utilities in Europe, some are real zombies.
To use as reference point a year decades ago is a useless exercise, FF capacity competes with RE at the price level of 2015, and there is no hope that the situation will improve for FF, quite contrary.
Other point is of course, that external costs are not payed for with a price of 70 USD/barrel, so the current advantage of FFs is to a certain extend a book-keeping trick, not a fair assessment of macro economic costs which have to be paid in the long run.
For me the only interesting question is whether the rate of change is sufficient, IMHO one can not longer dispute the fact that it is happening.
Lets repeat that last sentence:
"For me the only interesting question is whether the rate of change is sufficient, IMHO one can not longer dispute the fact that it is happening."..
There you have it. Total corruption. According to Ulenspiegel:
Growth rate is the only thing that matters
Ponzi finance at its finest. It doesn't need to make any sense, just that it has the highest growth rate and the simple fact that brainwashing works!
Your growth rate will meet a concrete wall because it is a scam.