Wednesday, January 20, 2010

It Is All Relative

From Robert Rapier's blog:
"...Current Energy Prices per Million BTU
Powder River Basin Coal - $0.56
Northern Appalachia Coal - $2.08
Natural gas - $5.67
Ethanol subsidy - $5.92
Petroleum - $13.56
Propane - $13.92
#2 Heating Oil - $15.33
Jet fuel - $16.01
Diesel - $16.21
Gasoline - $18.16
Wood pellets - $18.57
Ethanol - $24.74
Electricity - $34.03..."


http://i-r-squared.blogspot.com/2010/01/costs-of-various-energy-sources.html#links

TW: Wonder why coal remains a crucial energy source despite its extensive negative externalities. Combine the fact that things like jet fuel have no ready substitutes it is no wonder talk of alternative energy sources struggle to gain reliable traction. Things like carbon taxes and cap and trade can mitigate the pricing differentials in order to reflect their negative externalities but that would raise energy prices....ooh, we cannot do that...

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