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Keynesianism (Read 15278 times)
muso
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Re: Keynesianism
Reply #45 - Sep 5th, 2010 at 11:30am
 
perceptions_now wrote on Sep 4th, 2010 at 11:01am:
Where is/are the available technology/s that can deliver similar EROEI to the existing conventional Oil fields, produce it in such an abundant volume to offset a continuing Population growth for at least another 20-30 years and in a manner suitable for Power generation, Transport & the myriad of other uses, to offest the decline in Oil.



Nuclear fission, Solar thermal and Combined cycle. You must have missed my post. The EROI is high enough.

I tend  to agree with FD though. The EROI is not everything. Take nuclear fusion  for example. The energy input is huge, however even a net energy gain of 1% could be cost effective given a large enough scale of operation.  

Taking coal, the EROI figures don't include the fact that in order for it to be sustainable, we need to factor in removing CO2 emissions, otherwise there will be much higher costs downstream.

There are problems inherent in the analysis you presented. The main problem is the fact that no matter how much we try to delay it, tomorrow eventually comes.

40 years from now, we'll be fully immersed in 'tomorrow' up to our necks, and trying to deal with the consequences of that.
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muso
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Re: Keynesianism
Reply #46 - Sep 5th, 2010 at 11:46am
 
freediver wrote on Sep 2nd, 2010 at 10:26pm:
That we don't need some silly government directed 'manahatten project' to find the answers. We already have the technology. We could go a long way without even chaning energy production methods. The only remaining barriers are political and economics.

Not that government funded research is a bad thing, just that it is silly to make it a precursor to action.


- not to find the answers perhaps, but we may have to throw huge amounts of capital behind it the way governments are dithering over any transition to alternative energy.  If we put enough capital behind it we could at least come up with the infrastructure.

If we're going to use solar power worldwide, we could ultimately  build a global High Voltage DC (HVDC) grid, running at 1MV. We have the technology to do that now. At higher voltages, the conductors don't need to be as large, and with DC, there are less harmful EM radiation effects.

The initial costs would be  horrendously high, but the final result would be better for everybody. With a global solar network, there would be no need for storage.
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perceptions_now
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Re: Keynesianism
Reply #47 - Sep 5th, 2010 at 11:59am
 
freediver wrote on Sep 5th, 2010 at 8:05am:
Quote:
Cost is what EROEI is about!


Not really. You could have dirt cheap technology with a low EROI. EROI is only a minor part of the cost and any comparison based on EROI alone is obviously going to be close to useless.


The economic influence of EROEI
A society will generally exploit the highest available EROEI energy sources first, as these provide the most energy for the least effort. With non-renewable sources, progressively lower EROEI sources are then used as the higher-quality ones are exhausted.

FD, The most easily accessible & most cost effective fruit has already been picked.

What new Energy sources are you proposing to use, to provide the Global Economy with a mix of Energy sources that will do it -
1) For all of what Oil does?
2) At anything other than a substantially higher EROEI mix & higher costs?
3) In a manner acceptable to the Public?
4) In relation to liquid fuels for transportation?
5) In the timeline now available?


Whilst EROEI is not the sole consideration here, it is certainly not minor and when considered with the other Major Economic factors that are in play, it will mean the next 20 years, will be nothing like the last 20 years!
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perceptions_now
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Re: Keynesianism
Reply #48 - Sep 5th, 2010 at 12:23pm
 
muso wrote on Sep 5th, 2010 at 11:30am:
perceptions_now wrote on Sep 4th, 2010 at 11:01am:
Where is/are the available technology/s that can deliver similar EROEI to the existing conventional Oil fields, produce it in such an abundant volume to offset a continuing Population growth for at least another 20-30 years and in a manner suitable for Power generation, Transport & the myriad of other uses, to offest the decline in Oil.



Nuclear fission, Solar thermal and Combined cycle. You must have missed my post. The EROI is high enough.

I tend  to agree with FD though. The EROI is not everything. Take nuclear fusion  for example. The energy input is huge, however even a net energy gain of 1% could be cost effective given a large enough scale of operation.  

Taking coal, the EROI figures don't include the fact that in order for it to be sustainable, we need to factor in removing CO2 emissions, otherwise there will be much higher costs downstream.

There are problems inherent in the analysis you presented. The main problem is the fact that no matter how much we try to delay it, tomorrow eventually comes.

40 years from now, we'll be fully immersed in 'tomorrow' up to our necks, and trying to deal with the consequences of that.


I do recall seeing your post and from memory I thought I had responded. If not, my apology!


muso wrote on Sep 5th, 2010 at 11:46am:
freediver wrote on Sep 2nd, 2010 at 10:26pm:
That we don't need some silly government directed 'manahatten project' to find the answers. We already have the technology. We could go a long way without even chaning energy production methods. The only remaining barriers are political and economics.

Not that government funded research is a bad thing, just that it is silly to make it a precursor to action.


- not to find the answers perhaps, but we may have to throw huge amounts of capital behind it the way governments are dithering over any transition to alternative energy.  If we put enough capital behind it we could at least come up with the infrastructure.

If we're going to use solar power worldwide, we could ultimately  build a global High Voltage DC (HVDC) grid, running at 1MV. We have the technology to do that now. At higher voltages, the conductors don't need to be as large, and with DC, there are less harmful EM radiation effects.

The initial costs would be  horrendously high, but the final result would be better for everybody. With a global solar network, there would be no need for storage.


Whilst I agree there are a number of replacements for "carbon based" power generation, there are also major obstacles, including -
1) Lack of time, given that we are already 5 years into a Post Peak Oil world. (See Hirsch report)
2) Lack of funds, given the existing amount of Sovereign & Personal Debt, thruout most of the world.
3) Other major negative Economic factors, including Demographics, which will exacerbate the above factors.

That said, we have little alternative, but to proceed with all haste, as time is also getting short on the other great drama, that being Climate Change.

In respect of Nuclear power, whilst I think it may be needed, at least in the medium term, it may find great difficulty getting past public opinion!

Notwithstanding the above, the other great difficulty and perhaps greatest, is the transition of Transport (See Hirsch report), which will be very time consuming and by its very nature (at present), it may require a largely liquid fix?  

Finally, I would get too concerned about 40 years from now, the next 20 will be concerning enough!
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Re: Keynesianism
Reply #49 - Sep 5th, 2010 at 10:38pm
 
Quote:
A society will generally exploit the highest available EROEI energy sources first


No PN. EROI is only loosly correlated with cost. A society will exploit the cheapest source first, regardless of EROI.

Quote:
Whilst I agree there are a number of replacements for "carbon based" power generation


Then why do you insist we need to find more?

Quote:
We need a similar project, with similar urgency, to locate another source of Energy, which can replace the existing "Carbon Based Fossil Fuels" and do so, in a hurry.


1) Lack of time, given that we are already 5 years into a Post Peak Oil world. (See Hirsch report)

Quote:
If we are short of time, why would you prioritise developing new technologies when we already have plenty of options?
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muso
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Re: Keynesianism
Reply #50 - Sep 6th, 2010 at 12:02pm
 
perceptions_now wrote on Sep 5th, 2010 at 12:23pm:
That said, we have little alternative, but to proceed with all haste, as time is also getting short on the other great drama, that being Climate Change.

In respect of Nuclear power, whilst I think it may be needed, at least in the medium term, it may find great difficulty getting past public opinion!


I don't think there is as much of an obstacle as you might think.

How many million dollars would you put into changing public opinion if the overall benefit was there ? Wink

Maybe we should ask the political parties and their very expensive PR machines.

Am I being cynical here?

I'm saying that the main obstacle to renewable energy is probably democracy, however the opinion of the electorate can be swayed quite easily by professional astroturfers. China has some advantage in that respect.

We continue to find allies in the most unlikely of places. Who is most likely to see Renewable Energy projects getting off the ground? The deep green environmentalists who dominate the Australian Greens, or Bob Katter with his proposal for a Green corridor?  

Hey, I don't care what kind of hat they wear or what other looney ideas they might have. If they can get Renewable Energy projects happening, they have my support. I'd even buy a horse.

Food for thought.
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perceptions_now
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Re: Keynesianism
Reply #51 - Sep 6th, 2010 at 12:10pm
 
freediver wrote on Sep 5th, 2010 at 10:38pm:
Quote:
Whilst I agree there are a number of replacements for "carbon based" power generation


Then why do you insist we need to find more?



I think I already substantially covered that in the following post.

perceptions_now wrote on Sep 5th, 2010 at 12:23pm:
Whilst I agree there are a number of replacements for "carbon based" power generation, there are also major obstacles, including -
1) Lack of time, given that we are already 5 years into a Post Peak Oil world. (See Hirsch report)
2) Lack of funds, given the existing amount of Sovereign & Personal Debt, thruout most of the world.
3) Other major negative Economic factors, including Demographics, which will exacerbate the above factors.

That said, we have little alternative, but to proceed with all haste, as time is also getting short on the other great drama, that being Climate Change.

In respect of Nuclear power, whilst I think it may be needed, at least in the medium term, it may find great difficulty getting past public opinion!

Notwithstanding the above, the other great difficulty and perhaps greatest, is the transition of Transport (See Hirsch report), which will be very time consuming and by its very nature (at present), it may require a largely liquid fix?  

Finally, I would get too concerned about 40 years from now, the next 20 will be concerning enough!

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perceptions_now
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Re: Keynesianism
Reply #52 - Sep 6th, 2010 at 4:28pm
 
muso wrote on Sep 6th, 2010 at 12:02pm:
perceptions_now wrote on Sep 5th, 2010 at 12:23pm:
That said, we have little alternative, but to proceed with all haste, as time is also getting short on the other great drama, that being Climate Change.

In respect of Nuclear power, whilst I think it may be needed, at least in the medium term, it may find great difficulty getting past public opinion!


I don't think there is as much of an obstacle as you might think.

How many million dollars would you put into changing public opinion if the overall benefit was there ? Wink

Maybe we should ask the political parties and their very expensive PR machines.

Am I being cynical here?

I'm saying that the main obstacle to renewable energy is probably democracy, however the opinion of the electorate can be swayed quite easily by professional astroturfers. China has some advantage in that respect.

We continue to find allies in the most unlikely of places. Who is most likely to see Renewable Energy projects getting off the ground? The deep green environmentalists who dominate the Australian Greens, or Bob Katter with his proposal for a Green corridor?  

Hey, I don't care what kind of hat they wear or what other looney ideas they might have. If they can get Renewable Energy projects happening, they have my support. I'd even buy a horse.

Food for thought.


Even if the Public opinion battle could be won and Nuclear power gets a run, it would not be a panacea.

There are many other issues, just in Energy, let alone in a number of other areas.

That said, I think it is quite possible that Nuclear may get to the table, even if only on a medium term basis, so that other factors can catch up?  
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perceptions_now
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Re: Keynesianism
Reply #53 - Sep 6th, 2010 at 7:58pm
 
FD, Muso & Others,
This discussion seems to have morphed!

It started on Keynesianism, but it now seems more related to Energy?

If the theme is now to be about Energy, then perhaps comments in relation to that issue, should go to The Peak Energy Debate thread -
http://www.ozpolitic.com/forum/YaBB.pl?num=1276908003/all
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Re: Keynesianism
Reply #54 - Sep 6th, 2010 at 11:08pm
 
Quote:
I think I already substantially covered that in the following post.


But those points don't support your claim. They contradict it, as I have already pointed out. Simply listing a bunch of random opinions and factoids is not the same thing as contructing a reasoned argument.

Quote:
It started on Keynesianism, but it now seems more related to Energy?


Yes, you do often seem keen to avoid discussing the real economic stuff.
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Re: Keynesianism
Reply #55 - Sep 7th, 2010 at 4:54pm
 
freediver wrote on Sep 6th, 2010 at 11:08pm:
Quote:
It started on Keynesianism, but it now seems more related to Energy?


Yes, you do often seem keen to avoid discussing the real economic stuff.


Really?
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Re: Keynesianism
Reply #56 - Sep 7th, 2010 at 11:47pm
 
freediver wrote on Aug 28th, 2010 at 4:43pm:
Quote:
And, in any event, the usual economic levers are almost exhausted


So the reserve bank will be unable to maintain low interest rates?

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Re: Keynesianism
Reply #57 - Sep 8th, 2010 at 12:24pm
 
freediver wrote on Sep 7th, 2010 at 11:47pm:
freediver wrote on Aug 28th, 2010 at 4:43pm:
Quote:
perceptions_now
And, in any event, the usual economic levers are almost exhausted


So the reserve bank will be unable to maintain low interest rates?





The RBA is only minnow, FD, it has some capacity (in OZ) to make a difference, but only at the margins and it certainly can not swim against the major Global Economic directions.

That said, my comment was directed more to the major players such as the USA, Europe & China. The USA & Europe are already at all time interest rate lows & they are closing in quickly on all time Debt to GDP highs.

Their levers are nearly exhausted! Of course, they can, have & will continue (more than likely) to resort to one of their last perceived "fixes", which is the printing press, as they monetize Debt.

However, that will also fail, because as they monetize, international support for their Debt will decline, particularly via China & Japan.

Eventually the lacky band is stretched too far & it snaps, as their Currency & Bonds markets collapse.

But, you can never say never and the RBA may be able to stop all of that by lowering the OZ interest rates?

I wouldn't hold your breath!

Btw, a small present for you, a video -
"Fear the Boom and Bust" Hayek vs. Keynes

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Re: Keynesianism
Reply #58 - Sep 9th, 2010 at 1:29am
 
Quote:
The RBA is only minnow, FD, it has some capacity (in OZ) to make a difference, but only at the margins and it certainly can not swim against the major Global Economic directions.


That's why every country has one.

Quote:
That said, my comment was directed more to the major players such as the USA, Europe & China. The USA & Europe are already at all time interest rate lows & they are closing in quickly on all time Debt to GDP highs.


Does that mean the reserve bank leavers will stop working? Countries have had negative interest rates before. It is only a psychological barrier, nothing more.
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Re: Keynesianism
Reply #59 - Sep 9th, 2010 at 10:45am
 
freediver wrote on Sep 9th, 2010 at 1:29am:
Quote:
The RBA is only minnow, FD, it has some capacity (in OZ) to make a difference, but only at the margins and it certainly can not swim against the major Global Economic directions.


That's why every country has one.



Really? To swim against the Macro Global tide?

I'd like to see that!
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