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The drive, mostly to capture emissions from coal-fired power stations, would cost $56 billion by 2020 alone

There is no way in Hell one can make predictions this accurate! This is an untested technology, so how do they know it won't cost 56 billion, or 58, or 68 for that matter? Do they know nothing about significant numbers? At best they could say, "about half of 100 billion".

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Thu Oct 15th, 2009 at 10:20:37 AM EST
Ridiculous, aint't it. But then, everyone does it.
  • For nuclear, there is the EPR in Finland with its 70% cost overrun (or more if construction quality problems and safety system deficiencies aren't solved soon).
  • For wind, there are (or aren't) the German off-shore wind farms (the first is just now in construction -- a delay of 8 years vs. the earliest plans; part of the reason is too low feed-in rates which were tailored accordsing to the optimistic price predictions).
  • For solar thermal, the jury is out about the current crop of serious developers, but "commericial prices in 5 years" have been promised by some makers from the nineties.

One could even add 'classic' coal in Europe, because extra measures resulting from court- or environmental authority-ordered design upgrades can drastically increase costs (again see Where is my coal renaissance?).

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Oct 16th, 2009 at 12:58:42 PM EST
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