Back of the envelope math for internalizing costs.

Colleague sent me this article about renewable energy costs.

Check out this article from today’s New York Times, page B1!

Reminded me of this problem that has been bugging me for awhile…

It always bugs me how the entrenched interests hold up the cost piece when nuclear and oil have huge externalized costs.
For nuclear, the s government developed the technology (manhattan project) and GAVE it to the industry so they would produce plutonium as a by product of energy.  SOmethling 20+billion in today’s dollars.
Meanwhile, some portion of our US military budget is for protecting global oil supply.  It would be complicated, but imagine if some portion of it were factored into price at the pump.  US military budget was like $500 billion last year.  in 2013 we used 135 billion gallons of gasoline.  If 10% of us military is for oil supplies, then that is $50 billion, about $0.25 per gallon….
Ok, I am procrastinating…
Advertisements

Leave a comment

Filed under economic sociology, economics, sociology

Please share your thoughts!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s