The best time to build a nuclear plant was 15 years ago

Friday, June 03, 2022 Francisco 1 Comments

Energy is Life

If you want to move right (better life) you need more energy not less (see graph below)

No one wants to move left, less energy/less GDP / worse life.  The Green Agenda is making energy very expensive. Rich countries can take that and subsidize their poor that are suffering. Poor countries do very well to ignore the green agenda and try to move right in the graph.

It's a rich country suicide.

The best time to build a nuclear plant was 15 years ago; the second-best time is today.

Louis Vincent Gave



From LOUIS-VINCENT GAVE

GAVEKAL RESEARCH

As Sherlock Holmes noted, “When you have eliminated the impossible, whatever remains, however improbable, must be the truth”. If getting energy from Russia is now impossible, but returning to coal is also impossible, then the only option left on the table for Europe is some kind of energy rationing. Unfortunately, down this path lies economic depression (since economic activity is mostly energy transformed), unemployment, social tensions and rioting. Also down this path lies investor repulsion, for who would want to deploy capital in an area where energy is rationed? This in turn raises the question: how can a region that will suffer energy rationing and capital withdrawal hope to register any kind of future productivity gains?

Putting this all together, it seems likely that the world will be divided between “unscrupulous” economies that burn coal and trade with Russia, and “virtuous” economies in which investors will face energy rationing, falling productivity and growing resentment towards countries in the first grouping. 

1 comment:

  1. Encruzilhada boa essa... quem vai sair ganhando é China mais uma vez q produz barato e sem a preocupação ambiental

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