An article in CleanTechnica describes how we are in a carbon bubble. Renewable energy sources are expanding quickly at reduced cost, leading to a likely mass stranding of fossil-fuel related assets as fossil fuels become more expensive than renewable sources of energy.
The current push for natural gas (and with it the related push for hydrogen fuels) is the last gasp of the fossil fuel industry. Hydrogen as a fuel source can only economically be produced from fossil fuels and hence provides no net reduction in carbon emissions, but the fossil fuel lobby are trying to convince people that it is a viable alternative to electric cars.
When the carbon bubble does burst, the impact on asset valuations is likely to be huge, with consequent impact on the larger economy.
Where do you plan to be when the carbon bubble pops?
(Score: 2) by Kromagv0 on Tuesday January 17 2017, @04:15PM
For pumped storage I can think of some huge areas that would work. It isn't like we haven't been digging [google.com] giant [google.com] fucking [google.com] holes [google.com] in the ground for years. Just use some of those giant holes for doing pumped storage.
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(Score: 0) by Anonymous Coward on Tuesday January 17 2017, @05:38PM
You know what property the holes we dig tend to share? They are below ground. Now to store energy, we need to pump water up. Do you notice something?
(Score: 2) by Kromagv0 on Tuesday January 17 2017, @05:54PM
Yes we have half of the system in place as you need 2 reservoirs, a low one and a high one. So instead of trying to build a big tall one we just have a deep hole and at the rim have the high one with a dam around it to provide the necessary volume. Amazingly simple instead of trying to find a hill that we can build a reservoir at the bottom and top of that it tall enough and big enough to make a good pumped storage site.
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