Re:Peter Thiel’s fund wound down 8-year Bitcoin bet before m...
by RC_ITR on Thursday January 19, 2023 @06:21PM
(#34447049)
>Energy production is kit a self contained endeavor. Transformers, steel, copper, pipe, valves, digital equipment for monitoring and control systems are just some of the necessary inputs for construction and maintenance.
Freight is a very poor way to measure electricity output. Both turbines and balance of plant equipment usually last 40 years (so we replace c. 2.5% in a given year) and now a days, most fuel is piped.
>Beyond that, efficient use energy production requires some place for it to be used, Generally home and industry appliances.
Yes, all of which is economic activity unrelated to freight.
Freight is a very poor way to measure electricity output. Both turbines and balance of plant equipment usually last 40 years (so we replace c. 2.5% in a given year) and now a days, most fuel is piped.
>Beyond that, efficient use energy production requires some place for it to be used, Generally home and industry appliances.
Yes, all of which is economic activity unrelated to freight.