PeakTrader.com

[administrator]

PeakTrader said...

More people should do something constructive, like generate real value to society, earn a billion dollars in the process, and create more income inequality.

-----

Cost of generating electricity (per kilowatt hour):

Natural gas: 3.5-4.5 cents
Coal: 4-5 cents
Hydro: 4 cents
Nuclear: 8 cents
Wind: 7-9 cents
Solar: 15-50 cents

-----

PeakTrader said...

"Question: Why as a country are we investing billions of dollars in the most expensive option (solar)..."

So, Americans can buy electricity at the highest price.

--------

rjs said...

Renewable power trumps fossil fuels for first time...

Electricity from the wind, sun, waves and biomass drew $187 billion last year compared with $157 billion for natural gas, oil and coal, according to calculations by Bloomberg New Energy Finance using the latest data. Accelerating installations of solar- and wind-power plants led to lower equipment prices, making clean energy more competitive with coal.

http://www.latimes.com/business/la-fi-renewables-20111125,0,2421278.story

--------

PeakTrader said...

RJS says: "Electricity from the wind, sun, waves and biomass drew $187 billion last year compared with $157 billion for natural gas, oil and coal."

U.S. electricity generation by source - 2010:

Coal 45.6%
Natural Gas 23.99%
Nuclear 19.30%
Hydro 6.4%

Roughly 5% for everything else, including wind, solar, biomass, geothermal, wood, etc.