The Price of Energy Freedom

“Our energy thirst will probably be 30 trillion watts, or 30 terawatts, by 2050 with the human population heading toward 9 billion.”

“[For solar panels] in 2012 it was estimated that the quantity cost per watt was about $0.60, which was 250 times lower than the cost in 1970 of $150.”

$0.60 per watt (unit cost) by 30 trillion watts (total cost to 2050 population) = $18 trillion

A little “back of the napkin” calculation: in 42 years (from 1970 to 2012) cost per watt dropped from $150 to $0.60, a 99.6% drop (just over 2.37% per year). If the price continues along the same trajectory by 2050 (37 years from now), something like 87% of $0.60 would give us solar at $.07 per watt by 2050.

$0.07 per watt (unit cost) by 30 trillion watts (total cost to 2050 population) = $2.2 trillion.

By way of comparison, the total size of the bank bailout came to $29 trillion.

 

The US could have given the world free energy.

 

The March of Tyranny

The March of Tyranny

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