Starvid wrote:Net Exports now represent under 1/20 of GDP growth in China
There are problems in the US, but Europe and Asia are doing perfectly fine,
The oil and gas industry will need to invest $50-100 trillion to rebuild its ageing infrastructure within the next 7 years and stave off a serious drop in oil and gas production, Matt Simmons, chairman of Simmons & Co. International, told OGJ May 5 at the Offshore Technology Conference in Houston.
OilFinder2 wrote:The oil and gas industry will need to invest $50-100 trillion to rebuild its ageing infrastructure within the next 7 years and stave off a serious drop in oil and gas production, Matt Simmons, chairman of Simmons & Co. International, told OGJ May 5 at the Offshore Technology Conference in Houston.
Uh, yeah. What else do we expect Matt Simmons to say?
Tyler_JC wrote:I wonder where that $100 trillion number comes from.
Unless he can give us some information about what exactly he's talking about...I'm inclined to call this an exaggeration.
cube wrote:Tyler_JC wrote:I wonder where that $100 trillion number comes from.
Unless he can give us some information about what exactly he's talking about...I'm inclined to call this an exaggeration.
sexed up statistics is what I would expect from an intellectually lazy environmentalist so it's very disappointing when a peak oiler drops down to such a low level. ... yes I know oil and electricity is like apples and oranges but the statistics smells like bull sh!t
shortonoil wrote:37.5% of their GDP is generated from exports. Which is the highest in the world of any industrialized nation (if not any nation).
Who cares about some banks? The payment system still works well, and stupid corporations losing money and going out of business is a natural part of the capitalist system. Too bad for the shareholders, but they knew what they were going into and deserve what they get.shortonoil wrote:If you want to call the collapse of Northern Rock, the $36 billion dollar loss for Credit Sussi, the upcoming bankruptcy of Spain, the 16% unemployment rate in Germany, the 44% increase in food cost in the UK, 5% of China’s power plants shut down for lack of coal, the Asian food crisis, and etc. doing fine, OK.
Due to cost inflation in the power sector, higher commodity prices, weak dollar etc you'll have to pay $3-3,5 billion for a 1 GW nuke plant nowadays.cube wrote:1 nuke plant = 1GW = $2 billion
kpeavey wrote:article quotes $50-100 trillion
$50 trillion divided by a global population of 6.5 billion =$7692 for every human alive on the planet.
it aint gonna happen
The oil and gas industry will need to invest $50-100 trillion to rebuild its ageing infrastructure within the next 7 years and stave off a serious drop in oil and gas production
Well... If the dollar wasn't being inflated away to pay for a good old run on the treasury, it'd be less.Starvid wrote:Due to cost inflation in the power sector, higher commodity prices, weak dollar etc you'll have to pay $3-3,5 billion for a 1 GW nuke plant nowadays.cube wrote:1 nuke plant = 1GW = $2 billion
Professor Membrane wrote: Not now son, I'm making ... TOAST!
cube wrote:lets crunch some numbers here folks:
world electricity capacity is about 5,000 GW
1 nuke plant = 1GW = $2 billion
5,000 x $2 == $10,000 billion = $10 trillion
It would "only" take $10 T to replace the entire world electricity capacity with nuclear power so how the hell does Matt S comes up with $100 T?
Cube wrote:lets crunch some numbers here folks:
world electricity capacity is about 5,000 GW
1 nuke plant = 1GW = $2 billion
5,000 x $2 == $10,000 billion = $10 trillion
The first application to build a new U.S. nuclear power plant in three decades has been filed with the Nuclear Regulatory Commission, bumping a proposed third unit at a Calvert County site to the front of a list of reactors being considered by the nuclear power industry.
Constellation Energy Group of Baltimore has filed a partial application with the NRC, asking the commission to review environmental plans for a 1,600-megawatt reactor at the Calvert Cliffs site in Lusby, Md., that could cost $4 billion.
This is just for the nuclear plants and nothing else.seahorse wrote:Cube, where did you get $2 billion to build a nuke plant?
That comes out to $2B each or $2B per 1GW. EPR Flamanville 3In the spring of 2007 China National Nuclear Corp. selected the Westinghouse/Shaw consortium to build four nuclear reactors for an estimated US$8 billion, the largest International nuclear contract in history.
1.6GW = $3.3B a little over $2B per 1GWFirst concrete was poured for the demonstration EPR reactor at the Flamanville Nuclear Power Plant on 6 Dec 2007.[19] This will be the third unit on the site and the second EPR ever constructed. Electrical output will be 1,600 MW and it is projected to cost 3.3 billion Euros.[20] The following is a condensed timeline for the unit:
Tyler_JC wrote:I wonder where that $100 trillion number comes from.
Unless he can give us some information about what exactly he's talking about...I'm inclined to call this an exaggeration.
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