Things are Starting to Heat Up - Part IX 10

[dik]

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-----*****-----
So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[dik]

Costs seem to be going up, too... I asked earlier if anyone knew how the insurance companies, or banks were accommodating climate change?

-----*****-----
So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[dik]

Fossil fuel power plants may become fossils:

"Coal and gas-fired power plants would have to eliminate nearly all their climate-warming carbon dioxide emissions in just a little over a decade, under proposed regulations issued today by the Environmental Protection Agency.

Owners of those plants have been allowed to spew climate-warming carbon dioxide and other greenhouse gasses into the atmosphere for more than a century. If these proposed regulations are finalized, they would come close to putting a stop to that practice."

https://www.npr.org/2023/05/11/1169...eliminate-climate-pollution-from-power-plants

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So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[dik]

Problems with CO[sub]2[/sub] pipelines:

"Little did she know, her sons and nephew were just down the road in the Cadillac, unconscious, victims of a mass poisoning from a carbon dioxide pipeline rupture. As the carbon dioxide moved through the rural community, more than 200 people evacuated and at least 45 people were hospitalized. Cars stopped working, hobbling emergency response. People lay on the ground, shaking and unable to breathe. First responders didn't know what was going on. "It looked like you were going through the zombie apocalypse," says Jack Willingham, emergency director for Yazoo County.

Now, three years after the CO2 poisoning from the pipeline break, some in Satartia see the incident as a warning at a critical moment for U.S. climate policy. The country is looking at a dramatic expansion of its carbon dioxide pipeline network, thanks in part to billions of dollars of incentives in last year's climate legislation. Last week, the Biden administration announced $251 million for a dozen climate projects that focus on CO2 transport and storage."

https://www.npr.org/2023/05/21/1172679786/carbon-capture-carbon-dioxide-pipeline

-----*****-----
So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[Tomfh]

Coal and gas-fired power plants would have to eliminate nearly all their climate-warming carbon dioxide emissions in just a little over a decade

Uh huh.

 

[dik]

I have no idea of how this will play out... likely spend the next 30 years going through the US court system... or a bigger picture:

cut off the units...

-----*****-----
So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[Tomfh]

I have no idea of how this will play out.

See the way gas has increased in lockstep with the increase in wind energy? It's no coincidence.

 

[TugboatEng]

One of the most misunderstood concepts is supply and demand. Demand reduces price, not increase. Reducing demand for gas will increase its price. The fixed costs such as production and transportation don't change as demand goes down and must be distributed amongst a smaller volume causing price per unit to increase.

 

[Tomfh]

Demand reduces price, not increase. Reducing demand for gas will increase its price.

?

 

[dik]

and from New Zealand...

https://www.theguardian.com/world/2...iggest-emissions-reduction-project-in-history

-----*****-----
So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[rb1957]

"Demand reduces price, not increase. Reducing demand for gas will increase its price."

not how I remember economics ... price elasticity of supply is +ve ... increasing the quantity increases the price, reducing the quantity demand reduces the price.

Equilibrium price
When a product exchange occurs, the agreed upon price is called an equilibrium price, or a market clearing price. Graphically, this price occurs at the intersection of demand and supply as presented in Image 1.

In Image 1, both buyers and sellers are willing to exchange the quantity Q at the price P. At this point, supply and demand are in balance. Price determination depends equally on demand and supply.

Image 1. Figure 1, Graph showing price equilibrium curves

"Hoffen wir mal, dass alles gut geht !"
General Paulus, Nov 1942, outside Stalingrad after the launch of Operation Uranus.

 

[dik]

Or maybe something like:

It's possible that the supply curve will be inelastic... I just don't know. Economics was the only course I failed in University... re-took the course... second time around it was based on linear dynamics... and scored over 80%... I understood the dynamics a tad better, it would seem.

-----*****-----
So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[dik]

Another interesting development... working from home. If it is necessary to reduce the carbon footprint, many 'dynamic' societies may have to change their use of private transport a tad, and working at home might be an option or even necessary. This in contrary to the Tesla guru thoughts... The above modified supply-demand curves may reflect this. I found an interesting article...

https://www.forbes.com/sites/jackke...ity-heres-the-bigger-picture/?sh=17aa90ab7b84

-----*****-----
So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[dik]

I'm not so sure...

-----*****-----
So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[BridgeSmith]

What increases the price is reduced supply, either natural, or artificial through regulation and prohibition on extraction, and taxes.

That said, Tug is right that there is also an economy of scale that factors into the production cost. It's not the only cost, and I don't believe the primary one with regard to energy prices, though.

 

[dik]

concur... as the modified S-D curve shows...

-----*****-----
So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[dik]

That it's increasing, is not really a good sign... It's great to see the energy output due to coal has dropped dramatically, and hope it continues to do so.

-----*****-----
So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[TugboatEng]

I believe the economy of scale factors in a lot more than we think. For example, gasoline prices in 1920 were $0.30 per gallon which is the equivalent of $10 today. Demand for gasoline is certainly higher today than it was in 1920.

 

[dik]

Not a good example... I have no idea of what the supply, or the market, was back then. The price was likely determined by supply-demand... just like today, modified by big oil companies and/or government, just like today.

-----*****-----
So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik

 

[BridgeSmith]

The main reason for the drop in gasoline prices is supplies of light, sweet crude oil from readily available (shallow) supplies, and advancements in drilling and extraction that make those processes more efficient and economical. Economy of scale is only one factor among many.

 

[dik]

Transparent solar cells...

https://www.thebrighterside.news/po...ound-to-generate-power-1000x-more-efficiently

-----*****-----
So strange to see the singularity approaching while the entire planet is rapidly turning into a hellscape. -John Coates

-Dik