by BigTex » Wed 04 Jun 2008, 22:52:01
$this->bbcode_second_pass_quote('hardtootell', 'I') did some calculations based on that IEEE spectrum equivalencies chart and came to some surprising and encouraging conclusions. Now correct me if I am wrong here but when I look up the annual added capacity of Wind (20 Gw) and Solar (aprox 12Gw) (wikipedia) it appears to be able to replace 97% of a 3% (assumed annual) depletion in oil!
No need to flame me, I am no cornicopian. It just looks like a soft landing is more possible. Although no supply/demand model I can come up with explains the recent run up in oil prices.
I wonder what inputs would be needed to generate that kind of output capacity in the solar and wind space, or are you saying that is what is already coming online currently?
I kind of doubt that is what is coming online right now, because if it were, since we are not in a net decline state yet, that kind of additional capacity ought to be generating some price reductions in electricity rates.