Archive for the ‘Economics’ Category

Top 10 Quotes of 2008

Monday, January 5th, 2009

Top 10 Quotations of 2008:

My faves:

1. “I can see Russia from my house!” — Comedian Tina Fey, while impersonating Alaska Gov. Sarah Palin on the TV comedy show “Saturday Night Live,” broadcast Sept. 13.

4. “It’s not based on any particular data point, we just wanted to choose a really large number.” — a Treasury Department spokeswoman explaining how the $700 billion number was chosen for the initial bailout, quoted on Forbes.com Sept. 23.

7. “Maybe 100.” — McCain, discussing in a town hall meeting in Derry, New Hampshire, how many years U.S. troops could remain in Iraq, Jan. 3.

As compiled by the Yale Book of Quotations.

Balloon solar power plant? Cooler than mini-nukes?

Monday, November 10th, 2008

So which is cooler (global warming or style wise, either way), a solar power plant made of balloons or min nuclear power plants?

Green Wombat describes a balloon solar collector:

It sounds like something out of one of those do-it-your-self magazines: Stitch together two buck’s worth of thin-film plastic – the stuff potato chip bags are made of – stick in a photovoltaic cell, inflate with air and, voilà, you’ve got yourself a “solar balloon” that will generate a kilowatt of electricity. String together 10,000 balloons and you’ve got a solar power plant that can power a town. California startup Cool Earth Solar believes this high-low tech approach is what will make its solar power plants competitive with fossil fuels.

Instead of using expensive optics to concentrate sunlight on the solar cell, Cool Earth manipulates the air pressure inside the balloon to change the shape of the mirrored surface so that it focuses the maximum amount of sunlight on the solar cell, boosting electricity generation 300 to 400 times. By replacing expensive materials like steel with cheap-as-chips plastic and air, Cool Earth aims to dramatically lower the price of solar electricity.

A prototype power plant is being built in a field across the street from Cool Earth’s offices and Lamkin says a 1.5 megawatt plant will be constructed early next year in the Central Valley town of Tracy.

Lamkin estimates that a Cool Earth power plant can be up and running in six months, which should appeal to [California] utilities [...], which are under the gun to meet state mandates to obtain 20% of their electricity from renewable sources by 2010.

“Our major structural element is air, which so far is free,” Lamkin says. “And the sun isn’t taxed either.”  Yet.

Careful, don’t temp Obama.


A micro nuclear reactor in your garden?

According to The Guardian, a U.S. company based in New Mexico, Hyperion Power Generation, has designed mini nuclear plants to power 20,000 homes. The company has already received firm orders and expects to deliver about 4,000 ‘individual’ plants between 2013 and 2023.

In the U.S., where people spent more energy than in other parts of the world, such a reactor should be able to deliver power to only 10,000 households, for a cost of $2,500 per home. But in developing nations, one HPM could provide enough power for 60,000 homes or more, for a cost of less than $400. This is quite reasonable if you agree with Hyperion, which states that the energy from its HPMs will cost about 10 cents/watt.

National Electric Superhighway

Sunday, August 24th, 2008

Should the US build a “National Electric Superhighway” to transport wind and other renewable resources from the central US to the load centers? Here is one proposal showing what that system of high voltage lines would look like:

national electric superhighway

Further reading:

AWEA – the reliability of wind power (better than you think)

Interstate Electricity Transmission Superhighway Essential to Growth of Low-Carbon Technologies: CleanTechnica

FEATURE-Wind energy lobbyist maps U.S. power superhighway | Markets | US | Reuters

A National Electric Superhighway.pdf by Ed Krapels

Map showing Mandatory Renewable Portfolio Standards for the states, note that several states require 20 or even 25+% renewable in the near future:

rps

MN salary cap spurs departures

Monday, July 28th, 2008

Minnesota’s government employees are looking for greener pastures in other parts of the country.

One employee will get a $100,000 raise by moving to California – almost enough to make up for the higher cost of living?

Now, local government employees are limited by a cap that adjusts for inflation each year. It started at 110 percent of the governor’s salary when it took effect in 2006. That means that, unless a local government has received special dispensation for a specific position, the most any local government employee can make is $144,711 — exactly Twa’s salary.

In part because of the change, about 60 Ramsey, Anoka, Dakota and Washington county employees, who are responsible for everything from dealing with information technology to running libraries, make more than Gov. Tim Pawlenty.

While different states have different ways of dealing with public employee salaries, no state has quite the system that exists in Minnesota. Minnesota has had limits on most local government salaries since 1977.

To some, a local salary cap simply makes sense.

To many in metro government, even the current higher cap creates a perverse system of compensation. It’s harder for local governments to hire and retain top-scale employees, and it takes away local elected officials’ power to decide what their employees should earn, they argue.

“When I tell people about the cap, they kind of look at you funny, like: ‘You’ve got to be kidding,’ ” said Dave Childs, a former Minnetonka city manager and current assistant county manager in Washoe County, Nev. Childs is also an adviser for the International City/County Management Association.

The Power of Poo

Thursday, July 10th, 2008

MPR:  Farmer uses methane to make electricity

He uses the heated cow poo (using a “manure digester”) to power a modified Chevy 350 engine with the methane.

Plus, it makes him “feel good”.  Which is really all that matter, right?

“I think it’s another piece of the puzzle,” Jennison said. “I think it’ll take a lot of different things to solve our energy problems, and I think this can be part of it.”

Regulations account for 20-30 % of the price of a new house

Thursday, July 10th, 2008

The Pioneer Press investigates the otherwise unseen costs of regulations on housing prices.  I’m not surprised that they estimate the cost of compliance with housing regulations at 20-30% of the price, are you?  That equals $40-60,000 added to the price of a $200,000 home.

The author describes some of the requirements that contribute to the extra costs:

  • 80-foot-wide lots
  • multi-acre lots
  • no rain runoff flowing into streams & building ponds
  • wetlands
  • rare species
  • $4000 fire sprinkler systems
  • tornado-safe rooms in town homes with no basements (steel-doored rooms lined with three-quarter-inch plywood and Kevlar, the fabric used in bulletproof police vests. The price tag? $2,000)
  • streets wide enough for four lanes of traffic
  • cul-de-sacs enlarged to allow an oversized fire truck to turn around
  • costly architectural extras, such as stonework or full-width porches
  • 360-degree architecture, which makes four sides of a house attractive
  • sometimes, it’s done intentionally to make less affordable housing

Housing construction

In the past, when buyers wanted a certain type of home, developers built it, said Ed Goetz, professor of Urban and Regional Planning for the Humphrey Institute of Public Affairs at the University of Minnesota.

But now, thanks to regulations, they can’t.

“This is not a free market,” Goetz said.

Survey: Minneapolis among best cities to get rich

Thursday, July 10th, 2008

Survey: Minneapolis among best cities to get rich

“They like the can” “They want the can”

Wednesday, June 11th, 2008

Don’t question “them”

Airlines are going to extremes to save on fuel, but will they replace canned drinks with 2 liter plastic bottles of soda?  No way! … that’s over the line.   Passengers want their cans, and they’ll get them, according to Tim McGraw, director of corporate environmental and safety programs for Northwest (not the country singer Tim McGraw, btw).

timmcgraw

I’m still wondering why my plane drove 2.5 miles around the entire Chicago O’Hare airport (it ain’t small) before entering the runway Monday (almost a full 360).

Eight years ago, 15 percent of the price of an airplane ticket went to pay for jet fuel; now, it is 40 percent, according to the Air Transport Association, the industry trade group.

fuel

[above] At the Minneapolis-St. Paul International Airport, fresh water is loaded onto a new Embraer 175 in the Northwest Airlines fleet. Northwest is putting less water on board as it tends to weigh 8.3 pounds per gallon, while fuel weighs 6.8 pounds per gallon.

takeoff

United Airlines will be parking six of its Boeing 747s.

nwa

A couple Northwest jets conserving fuel by staying put.

Czech President compares “climate alarmism” to communism

Wednesday, May 28th, 2008

Klaus

Czech President Vaclav Klaus opposes the “climate alarmism” perpetuated by environmentalism trying to impose their ideals, comparing it to the decades of communist rule he experienced growing up in Soviet-dominated Czechoslovakia.

Klaus is promoting his new book, Blue Planet in Green Shackles – What Is Endangered: Climate or Freedom?

amazon

“Like their (communist) predecessors, they will be certain that they have the right to sacrifice man and his freedom to make their idea reality,” he said.

“In the past, it was in the name of the Marxists or of the proletariat – this time, in the name of the planet,” he added.

Klaus said a free market should be used to address environmental concerns and said he oppposed as unrealistic regulations or greenhouse gas capping systems designed to reduce the impact of climate change.

“It could be even true that we are now at a stage where mere facts, reason and truths are powerless in the face of the global warming propaganda,” he said.

Klaus alleged that the global warming was being championed by scientists and other environmentalists whose careers and funding requires selling the public on global warming.

Photovoltaic Moore’s Law Will Make Solar Competitive by 2015

Saturday, May 24th, 2008

Photovoltaic Moore’s Law Will Make Solar Competitive by 2015

Now there are some new twists and turns—essentially, three very positive developments that would not have been generally anticipated a decade ago. First, silicon-based solar technology has decoupled from the semiconductor industry and is achieving steady cost reductions, so that those following PV discern a kind of Moore’s law at work. In 2005, production of silicon for solar cells already surpassed production of silicon for semiconductors.

pv

Second, the industry has become so confident in that evolutionary path, policymakers and planners have started to set dates when they expect PV-generated electricity to be competitive with the major sources of electricity sold on the grid now. And third, while the incremental path promises a commercial breakthrough within ten years, it’s suddenly looking like second generation technology may be arriving after all—in which case wide commercialization of PV could occur much sooner.

 world us
[Above, maps showing average daily solar energy]

In recent years, global PV production has been increasing at a rate of 50 percent per year, so that accumulated global capacity doubles about every 18 months. The PV Moore’s law states that with every doubling of capacity, PV costs come down by 20 percent. In 2004, installing PV cost about $7 per watt, compared to $1/W for wind, which at that time was beginning to stand on its own feet commercially, Last, year, as recently noted in this blog, average global solar costs had come down to between $4 and $5 per watt, right in line with the PV Moore’s law. Extrapolate those gains out six or seven years, and PV costs will be below $2/W, making photovolatics competitive with 2004 wind.