Marshall Sutherland
  
This would be the podcast I just mentioned that (among much else) made the debt/equity/govt-promises comparison.

Peak ProsperityPeak Prosperity wrote the following post Sun, 07 Jan 2018 15:52:36 -0500
Gail Tverberg: The Coming Energy Depression
Gail Tverberg: The Coming Energy Depression

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Energy analyst and professional actuary Gail Tverberg returns to the podcast this week to revisit the global energy outlook. And fair warning, Gail warns it's quite grim.

To her, it's a simple math problem. We have too many people placing too much demand on the world's depleting energy resources. The cost of energy is rising, which we are compensating for in the short term by using financial gimmicks to make "affordable" -- when all we're really doing is creating future promises that cannot possibly be repaid.

The increasing cost of energy is manifesting in higher prices (for everything, not just fuels) and lower real wages, a divergence she sees only worsening from here. This path leads to another Great Depression-style crisis from which she does not see a clear path out of.

Join the conversation »

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 energy
Marshall Sutherland
  
Summerside smart grid uses 46 per cent wind power - Green Energy Futures

In 2015, the city of Summerside, Prince Edward Island, achieved the highest level of wind power integration in North America.
 energy
Marshall Sutherland
  
Bitcoin Mining Consume All The World’s Current Electricity Production By Feb 2020 – InvestmentWatch

According to Digiconomist’s Bitcoin Energy Consumption Index, as of Monday November 20th, 2017 Bitcoin’s current estimated annual electricity consumption stands at 29.05TWh.

That’s the equivalent of 0.13% of total global electricity consumption. While that may not sound like a lot, it means Bitcoin mining is now using more electricity than 159 individual countries (as you can see from the map below). More than Ireland or Nigeria.

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If Bitcoin miners were a country they’d rank 61st in the world in terms of electricity consumption.
 energy
James Lamentus
  
I'm not surprised again :)
Beni Grind
  
After several news and background articles in local papers today was the first time I read about the problem of energy consuption of #bitcoin in the mainstream news. I'm astonished it took them that long.... This was my first concern when I tried to figure out how bitcoin works ages ago.
James D Morgan
  last edited: Tue, 19 Dec 2017 00:07:13 -0500  
About 20 years ago the Chinese government promised that every one in China would get an additional dozen eggs every year by the year 2000 or something. Some nerds at some University somewhere calculated that providing that many eggs to that many would require all the grain in the world to feed the chickens. They predicted that the world would be in a food war/calamity by 2010.

I think the nerds missed something somewhere.

Sometimes the doom and gloom nerds miss the mark.
Marshall Sutherland
  
Infographic: The U.S. Is Smashing Its Clean Energy Forecasts

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This chart shows the U.S. Department of Energy 2006 10 year predictions compared to actual 2016 results.
 energy
Marshall Sutherland
  


This Device could bring emergency power to Puerto Rico
by jehugarcia on YouTube

There are many ways to help the people of Puerto Rico, this is my humble attempt to bring Emergency power to the 70% still without power on the island. Please help me by building one of these devices and donating them to someone in need.
 energy
Marshall Sutherland
  
I know it is just being used an example of general resource depletion, but I'd have to say that the difficulty in obtaining copper does not bode well for the future of the EV revolution.

Peak ProsperityPeak Prosperity wrote the following post Wed, 01 Nov 2017 20:02:21 -0400
Running Out Of Room
Running Out Of Room

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The idea of an 'industrial economy' is an extremely recent human invention. And we’ve staked quite a lot on its continuation.

But it faces a massive predicament: It’s running out of resources.

When talking about the “economy”, we're really referring to the flow of goods and services --- which are themselves entirely dependent on energy. No energy = no goods and services = no economy. It’s really that simple.

So to track where we are in this story, put on your ‘energy goggles’. If you do, you can discover quite a lot.
 energy
Marshall Sutherland
  
Volvo, Betting on Electric, Moves to Phase Out Conventional Engines

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It is the first mainstream automaker to sound the death knell of the traditional engine, saying that starting in 2019 all the models it introduces will be either hybrids or powered solely by batteries.
Marshall Sutherland
  last edited: Sun, 18 Jun 2017 11:11:18 -0400  
The Solar Industry Is Creating Jobs Nearly 17 Times Faster Than the Rest of the US Economy
As of November 2016, the American solar industry employed 260,077 workers – an increase of 24.5 percent from 2015. When you crunch the numbers, that means the solar industry is growing just shy of 17 times faster than the American economy as a whole. That’s incredible progress.

It’s important to remember: Not only is the solar industry booming – but the jobs pay well, too. As costs for materials continue to drop, solar jobs remain a well-compensated area for blue-collar workers. Bryan Birsic, CEO of Wunder Capital, said, "It seems to be one of the few areas of high-paying, blue-collar jobs – and you don't have to learn to code.”
 energy
James Lamentus
  
interesting
Seth Martin
  
First thing that comes to mind is waves destroying them.
Marshall Sutherland
  
Yeah, that was one of my first thoughts, too. I just looked the city up on a map and it isn't on the coast, so I guess this is a lake. So, that should be safer than being on the ocean during typhoon season.
Marshall Sutherland
  
Lithium-Ion Battery Inventor Introduces Fast-Charging, Noncombustible Batteries - Cockrell School of Engineering

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A team of engineers led by 94-year-old John Goodenough, professor in the Cockrell School of Engineering at The University of Texas at Austin and co-inventor of the lithium-ion battery, has developed the first all-solid-state battery cells that could lead to safer, faster-charging, longer-lasting rechargeable batteries for handheld mobile devices, electric cars and stationary energy storage.
 energy
Mike Macgirvin
  
Best of luck to him. Do you think there's any market for non-combustible batteries?
Marshall Sutherland
  
Well, it does take some of the excitement out of battery-powered equipment...
Marshall Sutherland
  
The ‘New Normal’ In America: Renewables Boom, Emissions Plunge And Consumers Save More Than Ever

Since 2007, U.S. GDP has grown by 12 percent, while energy consumption has fallen by 3.6 percent, according to the new 2017 Sustainable Energy in America Factbook, compiled by Bloomberg New Energy Finance (BNEF) for the Business Council for Sustainable Energy (BCSE).

This year’s fifth edition report builds on last year’s Factbook findings that show the U.S. economy grew by 10 percent since 2007, while energy consumption fell by 2.4 percent. “In other words, energy productivity continues to improve as less and less energy is needed to fuel growth,” the authors wrote.

At the same time, greenhouse gas emissions are plummeting. Total U.S. greenhouse gas emissions hit a 25-year low in 2016, down 12 percent from their peak in 2007 and 11.6 percent below 2005 levels. That puts the U.S. nearly halfway toward its Paris Agreement pledge to reduce national emissions by 26 percent to 28 percent below 2005 levels by 2025.
 energy
Marshall Sutherland
  
Are Ice Batteries The Future Of Energy Storage? | OilPrice.com

The ice battery is perhaps one of the stranger innovations in an exponentially growing energy storage market
 energy
Marshall Sutherland
  
Long-lasting flow battery could run for more than a decade with minimum upkeep

Researchers from the Harvard John A. Paulson School of Engineering and Applied Sciences (SEAS) have developed a new flow battery that stores energy in organic molecules dissolved in neutral pH water. This new chemistry allows for a non-toxic, non-corrosive battery with an exceptionally long lifetime and offers the potential to significantly decrease the costs of production.
 energy
Marshall Sutherland
  
Tesla’s Battery Revolution Just Reached Critical Mass

The three biggest battery power plants in the world just went live at the same time.
 energy
Marshall Sutherland
  
Solar Could Be A Cheaper Power Source Than Coal Within A Decade | OilPrice.com

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Coal is already fighting an uphill battle against natural gas, but the plagued commodity could come under even more pressure as solar costs continue to fall
 energy
Mike Macgirvin
  
The only reason it isn't cheaper right this very moment is political, not technical.
Marshall Sutherland
  
Is politics making solar more expensive, coal cheaper, or a mix?
Mike Macgirvin
  
I think both.
Marshall Sutherland
  
Diamond Batteries Could Use Nuclear Waste to Generate Electricity for Millennia

Researchers have turned nuclear waste into something truly useful: an (effectively) eternal battery.
 energy
Marshall Sutherland
  
Similar to David Collum's 2016 Year in Review that I reposted recently, but looking forward.

Forecast 2017: The Wheels Finally Come Off - KUNSTLER

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Marshall Sutherland
  
BlogBlog wrote the following post Sat, 31 Dec 2016 00:31:30 -0500
As We Enter 2017, Keep The Big Picture In Mind
As We Enter 2017, Keep The Big Picture In Mind

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As bluntly as I can say it: Anybody who found the level of disruptions on 2016 overwhelming is going to have a hard time navigating the future. The period of adjustment has only just begun.

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Marshall Sutherland
  
Solar is top source of new capacity on the US grid in 2016

The US electric grid continued to transform in 2016. No new coal plants were added, and solar became the top new source of generating capacity. Combined with wind, a small bit of hydro, and the first nuclear plant added to the grid in decades, sources that generate power without carbon emissions accounted for two-thirds of the new capacity added in 2016.
 energy
Marshall Sutherland
  
World Energy Hits a Turning Point: Solar That's Cheaper Than Wind

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Emerging markets are leapfrogging the developed world thanks to cheap panels.
 energy