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We cannot drill our way out of this oil crisis. Since 2000, oil companies working in the U.S. have doubled the number of wells drilled per year.

Although increased drilling has added new oil to the nation's supply, it has not done so fast enough to offset the terminal decline of existing fields.

We are going to have to import more of our oil. Period.

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Peakoil.com :: View topic - Hydro electric plants
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Hydro electric plants

 
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chris
Coal
Coal


Joined: Jul 22, 2004
Posts: 2
Location: NH usa
PostPosted: Fri Jul 23, 2004 6:17 am    Post subject: Hydro electric plants Add User to Ignore List Reply with quote
Does anyone want to build one. As an investment the return isn't good right now; but if energy prices go up, as many think, the return will be there.
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PhilBiker
Light Sweet Crude
Light Sweet Crude


Joined: Jun 30, 2004
Posts: 1327
PostPosted: Fri Jul 23, 2004 6:31 am    Post subject: Add User to Ignore List Reply with quote
long term ROE on hydro is fantastic, utilities and public love 'em.

However, they do have some problems:

1) Major environmental inmact
2) What about the NIMBYs who live where the "lake" is supposed to go?
3) Requires specific topology - you can't just put a dam anywhere, you need just the right kind of natural basin behind it.

Mostly due to #3 above, most of the prospective dam locations in the USA, and actually, the world, have been developed already.
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