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Soberly pondering an uncertain future : Comments
By Paul Collits, published 2/12/2013Yes, the golden age (which peaked from the 1990s to the GFC) appears to be over.
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Their are many know and reliable sources of energy
Hydro for example is in general cheaper than coal and is more reliable than nuclear.
Wind is close to the same price as coal despite the silly claims of the anti environmentalists.
Solar is currently more expensive than coal but is likely to overtake it within a few years.
Traditional Geothermal is cheaper than coal where it is available.
Nuclear is still in the mix despite its very high costs. (A good example why economics is not rational)
On top of all this efficiency is rapidly increasing take LED lights for example which use less than 10% of the power of the old incandescent, or tablet computers which use less than 1% of the power that the old desk tops. Better Power storage, and power use matched to availability, are all helping.
These just a couple of examples of the incredible amount of innovation which is happening now.
Conclusion we don’t need no stinking fossil fuels.