![]() | DrumBeat: January 31, 2008 | The Oil Drum | Former CEO of Talisman Energy: Peak oil is 'here or hereabouts' | ![]() |
56 comments on The future of mining machines
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56 comments on The future of mining machines
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GAIA Host Collective
Yup, your having one of those days... ;o)
On the brighter side we will may new Gas pipelines from Norway and Russia, a major expansion of LNG (although noted we will be competing for this resource with every other rich Nation not on the end of a local gas pipe).
Our new nukes won't come onstream till late/early 20s -most likely scenario is that the existing capacity will be eaked out till the very last second- by which time uncertain Gas and YellowCake at $1000/pound will have quadrupeled the electricity price (if anyone has some projections on this I would be interested in seeing them).
There will be windmills everywhere and a fair amount of solar heaters and solar PV on everyones house by then too which should take some of the strain off the grid. Bush is giving $1000 dollar checks out at the mo -how much NanaSolar type PV will that buy in 10 years?
Oil at $200/barrel would be ~£1.60/litre here in the UK -tough but its now £1.05 so it is at least thinkable...
Nick.
So true! was having one of those days, it's a problem of mine :)