This story from BI got my attention
… last week, Brazil held an auction for some offshore blocks in the Atlantic Ocean, once a highly sought-after region, and the results were a failure. Despite the fact that Royal Dutch Shell, Total, Statoil, ExxonMobil, and BP were registered for Brazil’s auction, none submitted bids.
and this is not the only auction that disappointed. Big oil is in serious retrenchment mode and exploration budgets are getting slashed big time. This means that down the road, less oil will come online.
I have been reading about the potential for fusion as the ultimate energy source for many, many years. For sure, progress has been made, especially recently. And a few brave souls have claimed that enough progress has been made to justify big investments.
But fusion is still not close. Or is it?
This article surprised me
Fusion reactors could become an economically viable means of generating electricity within a few decades, and policy makers should start planning to build them as a replacement for conventional nuclear power stations, according to new research.
Researchers at Durham University and Culham Centre for Fusion Energy in Oxfordshire, have re-examined the economics of fusion, taking account of recent advances in superconductor technology for the first time. Their analysis of building, running and decommissioning a fusion power station shows the financial feasibility of fusion energy in comparison to traditional fission nuclear power.
That is very interesting. But notice that fusion is compared to fission. If the price of renewables keeps falling, we may need to ask whether fusion can compete against solar and wind.
In any event, we may be headed for an energy rich century. Not from oil or gas or coal, but from a combination of less polluting and abundant sources.
Coal as an energy source has a long history. But does it have a future? At least one report says we have hit “peak coal” – a point from which coal prices will slide downward. In other words, the coal industry may be on the way out.
These days, there is a lot more talk about solar energy than wind. And it may be that in the long run, solar is the preferred renewable source, provided that costs keep going down. But in the meantime, it is competitive to get energy from wind. And Estonia has quite a bit of that.
Not surprisingly, Estonians are building wind turbans off their coast in considerable numbers. Here is a short article that gives some details.
Solar is on a roll. But is the growth solar usage a blip or are we at the start of a huge shift in energy generation patterns? It all depends on whether we are on an exponential growth curve.
It seems that we may be.
I posted yesterday on how to get started with my Take Five programme. You need a clear answer to the question, “what do you want to do?” The truth is that most people cannot answer the question. They spend their time doing things that they believe that they have to do. The obligation smothers the joy.
Can you escape that trap? Of course! It is simple, but not easy. The joy comes from within you, so you find i by seeing within yourself. Simple. So why is this not easy? It is not easy because doing this goes against lots and lots of cultural orientation and education. Worst of all — at least I think — is our fear of failure. Consider Ben Zander’s message as a teacher
Ben offers a profound life lesson. How to look without fear at what you are doing to get to the inner passion of it. Have you found that? Great! Then move on to the next step!
BTW, meanwhile, check out what Graham Cochrane is up to with his blog. It is awesome!