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Solar Energy size versus, Oil, Natural Gaz, Coal and electricity

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Posted by Erdemal on July 2, 2007, 9:24 pm
 

----------------------------------------------------

World Oil Production (2004):
      83 million barels a day             (1)
      price $0/barel ($0 today, july 2nd, 2007)
      83 * 365 * 60 =     US$ 1.817 trillion/year
      13.7% of US GDP                     (6)


World Natural Gaz production (2004):
      2.8 trillion cubic meter/year       (1)
      price $.36/cubic meter             (2)(*)
      2.8 * .36 =         US$ 1.008 trillion/year
      7.8% of US GDP                      (6)


World Coal Production:
      5.3 billion tonnes/year             (3)
      price $0/tonne                     (4)(*)
      5.3 * 50 =          US$ 0.292 trillion/year
      2.2% of US GDP                      (6)

----------------------------------------------------

World Electricity Production:
      17.4 trillion kWh/year              (1)
      price US$ 0.15                      (*)
      17.4 * 0.15 =       US$ 2.610  trillion/year
      19.8% of US GDP                     (6)

----------------------------------------------------

In example, Nano Solar IPO was US$ 100 million, 0.0055% or
5/100000 of yearly oil production.

Erdy



(*) average price
(1) https://www.cia.gov/library/publications/the-world-factbook/geos/xx.html#Econ
(2) half the price I pay/cubic meter :)
(3) http://en.wikipedia.org/wiki/Coal
(4) http://www.iht.com/articles/2007/06/25/business/sxcoal.php
(5) https://www.cia.gov/library/publications/the-world-factbook/geos/us.html#Econ
(6) US GDP (2006)  US$ 13.13 trillion  (5)

Posted by R.H. Allen on July 3, 2007, 12:13 am
 
Erdemal wrote:

Got a reference for that? I suspect your figure is far too high. The
average kWh in the US costs about 7.3 cents ($98 billion in electric
power sector revenues in 2005 for 4055 billion kWh, per Energy
Information Administration). Granted, electricity is more expensive in
many places than it is in the US, but I doubt it is nearly expensive
enough across the entire world to bump the global average all the way to
15 cents/kWh.


Nonsense. Nanosolar never had an IPO.

Posted by BobG on July 3, 2007, 12:42 am
 The coal plant down the street in Orlando has to be generating
electricity for about 3 cents a KWhr because they are selling it to
their big users at 4 cents a KWhr. Of course, us poor folks down at
the end of the wire get to pay 15 cents.....


Posted by Mauried on July 4, 2007, 12:21 am
 

People confuse the wholesale and retail price of electricity.
ie the price it leaves the power station at , and the price it is when
it reaches your power outlet in your house.

Coal fired Power Plants generally make electricity for between 2 - 3 c
per Kwh, Nuclear Plants closer to 2 c per Kwh.
Distributing electricity is a big cost mainly because of the very
large amount of infrastructure needed to do it , and the maintenance
needed to keep it all going.
Just as an example, recently major storms and floods in SE Australia
caused major power blackouts , 30000 homes without power.
Not because the generators stopped, but because all the distribution
infrastucture was destroyed.
Power companies working 24 hours a day for weeks to get it all going
again, and this sort of thing isnt uncommon,and it isnt cheap to fix.







Posted by Erdemal on July 4, 2007, 8:49 am
 R.H. Allen wrote:

I could not find a price, I decided 15 cent :)! OK 3 cent + ???2 cent
for distribution = 5 cent. thank you for the info.


Correction:

       17.4 * 0.05 =       US$ 0.870  trillion/year
       6.62% of US GDP                     (6)


Right, it it's US$ 100.000.000 of fund rising.

I just want to point out the size of energy industry world wide
compared to 'solar' to show what mighty monster is on the other
side.

Erdy

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