Spot power prices hit close to 0 this past Sunday. The average price for May is down more than 1/3rd from a year ago, and down 50% from 5 years ago. Low marginal cost solar & wind power being sold in increasing volume is why prices are falling so rapidly.
Germany’s industry will respond to these power rates over time, increasing its outputs as it sells to foreigners.
There’s no reason to expect the pace of power generation from solar & wind to slacken either. In fact it will accelerate as industrial demand for the power builds and more and more funds become available to deploy more and more capacity, harnessing steadily improving technology. Germany could probably double its total industrial output if enough solar & wind power could be brought on stream, something that would not be very helpful to foreign competitors and energy companies that rely on their power demand. Producing products with a low labor input will be emphasized since while capital and energy can be deployed in effectively unlimited quantities labor is limited.
As German scientists develop the technology for bio-refiners to turn sawdust and other materials into plastic a whole new area of industry will appear to absorb cheap power.
None of these developments are good for the oil & gas industry. Its days are numbered.
NO. My mother was born in Stamford, Connecticut though, and I'm fairly certain I can speak English better than most Americans, including you and the lunatic above. I would not live in the USA if someone paid me. I endured it for a while because I had to find myself a deutsche amerikanische Gräfin (maybe princess sometimes), someone who would appreciate the beauty and richness of a true Germanic country unpolluted by filth - the sort allowed in under your banner of tired, poor, hungry masses yearning to be free... free to indulge the fantasy of Republican business interests and Democrat electoral machines. I
Reagan’s Sec. of Education (William Bennett) has just concluded that University is a waste of time and money – at least for most Americans who attend (2/3rd seems to be his figure).
The Republican Party draws its support from areas of the USA with the lowest rate of University attendance, the lowest worker productivity, and lowest income so this is not surprising. Fossil fuels & other high polluting industries, cigarette mfg, gun sports, a militaristic lifestyle, and religion are the defining characteristics of the Republican “heartland” of America. To the extent they value education they value American "science" (free market dogma): “Business” schools and accountancy or more lawyers. Things that really cost money like the education real scientists is of course not fitting with the ideology. The "Business" ideology merges with the dogma of "market knows best" and becomes a truism to them.
The fact is “market” does not know best. This has been proven through mathematical game theory by people such as Nash and von Neumann and in practice by governments across Europe.
The solution to the problem Bennett points out is state control of education and planning such as Germany has been doing for quite some time now. That works much better. University is certainly not the problem. Republican ideology is the problem.
The focal point of the technological effort is in the Berlin area. Pilot industrial facilities are southwest of Berlin near Leipzig. About a dozen technological/scientific divisions from the Fraunhofer and Max Planck Societies, as well as German industrial companies are involved. Of course the effort is supported by major super-super-computing assets in the Berlin area as well as in Stuttgart funded with state monies. I suppose “combined arms” is a fitting metaphor, and if one wanted to be colorful they could draw symbols for an army group on the map (box with xxxx over Potsdam, Germany) with symbolic arrows for attack objectives.
Main field objectives:
*biopolymers: using agricultural and forestry raw materials to replace fossil fuel sources feeds
*functional polymer systems: energy production, material applications to products
*synthesis and polymer technology: bio-plastics, resins, membranes for gas-liquid separation
*specialty polymers – polymer/water interaction; solutions; gels; dispersions; surfaces
(See Fraunhofer Institute for Applied Polymer Research, and Polymer Surface Alliance websites for particulars)
Supercomputers have been around since the 60s and quantum mechanics by Born in 1924.
+ means something. Supercomputers have not been around until recently either. In just the past 20 years the speed has increased by a factor of about 1 million. You obviously have no comprehension of what one can do with trial and error conducted at such speed...
Your ignorance is just hopeless. Lose all your money I do not care...
Supercomputers + Quantum theory have not been around until recently.
You doubt what you do not understand. pity...
To short I would have to put money in a brokerage account. I do not like money in brokerage accounts. Buying something that will profit from the technologies that will destroy the oil & gas industry - German real estate is much better. I have no risk. The government does all the work for me. I just collect rents...
Inelastic demand just means the price will fall faster as supply increases.
Technology will create alternatives and destroy waste, shift demand, and destroy the market for oil.
Economies of scale working in reverse with a falling market size are much more relevant than meaningless past relationships of price and quantity. They will will lead to great losses as the industry cannot cover its fixed costs in falling demand environment.
By far the most idiotic investment is one based on natural gas. Destroying its market with technology is even easier than for oil...
--paper-based electronics made with a very cheap printing process have been produced at the Max Planck Institute of Colloids and Interfaces in Potsdam Germany and the Chinese Academy of Sciences (see MPI website 8 May 2013)
--paper-based solar cells are being developed with a similar printing-manufacturing technique
--paper-based batteries are in development
The new technology eliminates the need for plastic in flexible electronics, and greatly reduces the energy and materials input cost of electronics. Printable LED, sensors, and other devices can be produced on paper at a cost impossible before.
The knowledge of catalysts to make the printing process work is useful for increasing the efficiency of the manufacturing process for carbon nanotubes as well, and the production of light-weight, strong, low-energy cost materials at low monetary cost.
This is just one more defeat for the oil & gas industry. Anything that reduces the waste it thrives on is bad for it. The advances certainly are coming much faster now being driven by the powerful mix of supercomputers, computational chemistry, and quantum theory applied to materials and molecular dynamic modeling + the backing of permanent (and profitable) government R&D groups with effectively unlimited funds for state objectives…
Ethics and modes of behaviors to govern male-female matches drawn from misogynous religious texts are not likely to be very useful. They could easily lead to very frustrated male and female partners and much disharmony, disharmony that is not useful in winning the game that matters: survival of the fittest
There should be no need for cheating if a man is smart enough to pick a woman who is a good genetic match. Any man who cannot use his eyes to determine this in seconds is a poor player at games of survival of the fittest. Survival of the fittest has defined biological payoffs and spoiling them (producing no children or freaks) because of ill discipline or stupidity (I blame the male for these outcomes) just means one loses the game.
So if a woman dresses up in a French maid’s outfit and hands you a riding crop she selected it is an opportunity to please or make woman frustrated. Frustrated women are not going to help winning the game.
***On the debt to fund the orgy of spending: The debt is owned by the top few percent of the US population. They are saving as the rest of the USA, led by the US government, squanders the money. As interest rates increase in the future this will necessitate major tax increases to service the debt. The taxes will end up being paid by lower income people and reduce demand for basic consumption items. The interest income accruing to the top few percent of the American population will find a home in demand for European products - Porsches, BMWs, Mercedes, Rolex watches, articles de Paris, Zeiss lens, perfumes, fine wines, cheeses, European vacations...etc...
Keep spending... It's good to see the US stock market rallying so smartly too -- based mostly on profits earned outside the USA. American corporate executives really have outdone themselves.
What a collection of nonsense.
The Democrats freely admitted their reason for their program that led to the wars with Mexico, Spain, and eventually across the Pacific in the Philippines: “Manifest Destiny.” Certainly it made no difference to the Democrats what actions Mexico took, except to provide a convenient pretext for war at the slightest provocation - and Mexico was deliberately provoked.
The Democrats wanted Texas and the states they carved out of Mexico and whatever else they could conquer south of the Mason-Dixon line, so they could make slave states out of them. The motive was to advance the liberty and freedom of slaveholders. The beacon of freedom & liberty in action. Personal profit combined warmonger, glossed over with self-righteousness.
“Also, not being neutral is not the same thing as starting a war.”
My statement is selling weapons to belligerents in a war was not very neutral. The meaning of the list is clearly stated: it is not a list of wars, but a list of actions not useful for world peace and harmony. You ignorance and inability to comprehend basis English is just appalling.
No country gets perfect marks looking in hindsight but the US has done the best at expanding freedom and prosperity in the world…. irrelevant, unless one chooses to accept US justifications for its actions, and few outside the USA do.
Hindsight is irrelevant too: feckless and or warmongering behavior in instance after instance when national gain, political profit, or the profit of some interest group is at hand is the point. That is sufficient to refute the totally nonsensical propaganda interpretation of the USA’s actions across its 200 years – one meant for American school children to encourage military enlistment, but unconvincing to most people on this planet.
In the end you will get no support no matter how much you demand it. Carry on with your war plans and attitude and see where it gets you. Nobody will understand your explanations.
You know nothing about the economics involved, or the process of development of technology.
the biggest defender of freedom in the world. *--
*War of 1812 and Invasion of Canada started by the USA
*Mexican American war started by USA
*Invasion of Nicaragua by US paramilitary forces with Southern government state backing
*Spanish American and Philippines war started by USA
*Invasion of Mexico 1916-1917 --- US action
*Selling arms during World War I...not very neutral
*Left Russia to the Communists 1918-1919 at first hint of danger after placing itself as the party in charge: support of Bolshevik freedom to exist and slaughter tens of millions
*escalated a meaningless conflict in Vietnam into an all out war that killed many millions.
*invaded Iraq 2003 for no reason, or a made up reason
I'm unconvinced about the USA being a beacon of world peace and harmony.
It's 200 or so history is very thoroughly soiled, and it is a matter of opinion whether its record is worse than others...
You will not get support for the war you obviously want....
Military budgets are being cut across Europe with France announcing new big cuts in recent days.
So much for US hopes for more war spending in Europe. The recent visit to France by US Treasury Sec. Lew to insult the French for these sorts of “stupid” austerity measures seems to have been a singular failure.
Only one country in Europe really has the ability to spend more on war and that is Germany.
Germany has no intention of spending more however. There are many reasons for that:
1. It is a waste of money
2. Previous insults and efforts to “contain” German power and impose low force levels the past 70 years seem to have left a sour taste, and reduced enthusiasm for the irrelevant goals of foreigners
3. It is more profitable to be a neutral player and sell weapons to peaceful countries – the Chancellor decides who those are
If there is to be another war the US will pay just about everything, or maybe everything. At some point the cost of these wars will require massive tax increases in the USA - bad for oil demand as the USA is the biggest waster of oil on the planet
This grim outlook facing US militarists and the Middle Eastern clique who strive to influence them, hopefully will dissuade them from starting yet another war...
In the meantime the war on fossil fuels continues apace – we have plenty of money for that…