Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.
Posted: Sun May 11, 2008 1:04 pm Post subject: Re: OTC: $100 trillion needed to rebuild energy infrastructu
seahorse wrote:
Cube, where did you get $2 billion to build a nuke plant?
This is just for the nuclear plants and nothing else.
I'm talking about the new 3rd generation plants coming out these days and not some of the older models, some went through ridiculous cost overruns. AP1000
Quote:
In 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.
First 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:
1.6GW = $3.3B a little over $2B per 1GW
add-on:
In a hypothetical scenario if the world tried to build $10T worth of nuclear plants we'd start to get really good at doing it and the price per unit would drop.....economies of scale.
All I'm saying is Matt S should tell us where the hell he got his numbers from. Like what Tyler_JC said you shouldn't just go ahead and automatically assume someone is giving accurate numbers just because you share the same ideology.
Joined: Oct 15, 2004 Posts: 2023 Location: Arkansas
Posted: Sun May 11, 2008 1:29 pm Post subject: Re: OTC: $100 trillion needed to rebuild energy infrastructu
I agree that people should show the basis of their calculations. Earlier, hopefully everyone realized when I posted the IEA project $20 in energy investment over the next 20 years, I meant $20 trillion. The numbers everyone throws around are all so mind boggling I just don't see it happening. In fact, its not happening. For example, the Saudis recently said they were stopping any further investment bc they were unsure of future demand and bc they were leaving future finds for future generations. All it means is that the $20 trillion the IEA says needs to be invested will not be invested.
Posted: Sun May 11, 2008 5:41 pm Post subject: Re: OTC: $100 trillion needed to rebuild energy infrastructu
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.
Thats how I felt. Like you throw something like $100 trillion around just to provoke attention, and make your message "cut through". You throw out a provocative message to make people listen, then talk down or ignore that angle completely and try to make sense after the fact. Its not a sensible way to go about things.
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