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Showing posts with the label energy

Charlie Munger said that inflation could be the way democracies die (25 Apr 2023)

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  The world operates with the 3Fs, namely Food, Fuel (Energy) & Finance. A crisis in any of the 3Fs can be a major challenge to the country. As we have experienced from the recent Ukraine conflict, one such war can bring much trouble to the rest as we live in an interconnected world. Could the next war be over food & fuel? List of biggest net exporters of food and energy Here are the 10 countries that were the biggest net exporters of food and energy in 2020, according to data from the Observatory of Economic Complexity: Saudi Arabia Russia United States Australia Canada Brazil Netherlands United Arab Emirates Norway Indonesia With the world being power-hungry, these countries stand to gain long-term. Will we be able to transition to more sustainable energy instead of fossil fuel? Let us look out for  envious  neighbours. Referencing Iraq and Kuwait, some of the wars historically have been started due to greed & envy over resources. Wars & Conflicts Linked...

Will USA face an electricity crunch with its ageing infrastructure by 2030? (03July2023)

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  Electricity consumption in the USA Since 2018, the increase in electricity consumption is between 1.94 to 3.19%. The latest addition in electricity consumption between 2021 to 2022 is about 2.60%. (The following data were extracted from Google Bard.) Electricity Production Capacity in the USA The electricity production capacity in the United States is about 4,000 terawatt-hours (TWh) in 2023. It is projected to increase to 4,300 TWh by 2030. The majority of electricity in the United States is produced by fossil fuels, such as coal, natural gas, and petroleum. Renewable sources of electricity, such as solar and wind power, are becoming increasingly popular, but they still account for a relatively small share of the total electricity production. The increase in electricity production capacity is being driven by a number of factors, including population growth, economic growth, and the increasing demand for electricity from electric vehicles. Electricity Demand in the USA The electr...