I couldn’t find reliable Chinese data, but I would expect somewhat faster because their economy is more labor intense. In Part 3 I compute the growth rate for historical US I/O data and find faster growth rates there too.
I discuss what electrical production could look like in more detail in Part 4, agree that 4 hrs of batteries are not enough and they can be expensive. The statement about 10x economy not being possible is simply a statement about today’s production methods, plenty of substitutes are available (including options like using hydrogen gas or fixing CO from the air) though they are currently more expensive than digging up oil.
Thanks—I’ll read those. And did you investigate gold and silver? In my quick analysis, I found that if we had to get as much gold and silver as we produce now from common rock, it would cost more than the entire economy. Of course we would conserve as the price increased, but gold is fairly important in electronics.
I couldn’t find reliable Chinese data, but I would expect somewhat faster because their economy is more labor intense. In Part 3 I compute the growth rate for historical US I/O data and find faster growth rates there too.
I discuss what electrical production could look like in more detail in Part 4, agree that 4 hrs of batteries are not enough and they can be expensive. The statement about 10x economy not being possible is simply a statement about today’s production methods, plenty of substitutes are available (including options like using hydrogen gas or fixing CO
Thanks—I’ll read those. And did you investigate gold and silver? In my quick analysis, I found that if we had to get as much gold and silver as we produce now from common rock, it would cost more than the entire economy. Of course we would conserve as the price increased, but gold is fairly important in electronics.