Global Warmists back off on prediction

[xoxoxoBruce]

Originally Posted by tw

Suppose we make hydrogen from a petroleum based energy source at $80 per MW-Hr. By the time those 10 units of energy to make, package, and transport that energy to a car, then only 2 units remain. So now the hydrogen is $400 per MW-Hr. And these numbers assume 100% perfect 'economies of scale'. What were those costs for Sydney? About $5500 per MW-Hr. OK. With economies of scale, then the price might decrease 10 times. Even with a price reduction of ten times due to mythical 'economies of scale', prices still remain multiple times higher.

The point is "petroleum based" is not going to be an option in the future. The future is going to be expensive, very expensive. What we feel are logical solutions from past experience, may not be in the future.