Why green energy can’t satisfy electricity demands

Hey everybody, Peter Zion here coming to you from Northern Indiana, the Nipsco coal power plant that is not a new killer cooling towers, just cold cooling tower, this power plant is unscheduled to be decommissioned around 2025 and then replaced with wind and solar. But I don’t know how many of you guys have been to Northern Indiana. But this is neither a windy nor sunny area. More to the point. If things go with the Chinese and to a lesser degree, the Europeans in the direction that I think it’s going to and if the Americans decide they still want stuff, the industrialization wave that’s coming here is going to be unlike anything we’ve seen before, and will be a lot faster than what we did in World War Two. But it also means that we need to generate a lot more electricity wherever that comes from, because manufacturing takes more power than services, and doing the processing for things like lithium and steel, and the rest takes a lot more power than it does for normal manufacturing. So we need to conservatively increase the power plant in the country and transmission capacity by at least half. And there’s only been one year since 1960, where we’ve increased power generation in the country by more than two and a half percent. And that’s what we did the year we were coming back from COVID. So that was just turning things back on as opposed to actually generating more. So not saying that coal is the future or anything like that. I’m just saying we need a lot, a lot, a lot, a lot, a lot more. And that assumes we don’t do the green transition because if we electrify transport, then we need to double the power plant. And honestly we need to do this before the end of the decade. So chop chop