Comment by jmyeet
9 hours ago
I don't see this happening for a very long time. Mines and oil and gas wells are huge wealth concentrators.
Oil wells decrease in production over time. It's called the decline rate. For wells in the Permian basin, the average decline rate is about 15%. So a 1000 barrel per day ("bpd") well produces ~850bpd in year 2, ~700bpd in year 3 and ~550bpd in year 4. That means you need to be constantly drilling wells. That's more wealth concentration opportunity.
1MW of solar produces 1MW in years 1 through 20.
Additionally, the fight for control over resources induces demand for weapons. Solar doesn't do that. This is summed up as No one goes to war over a solar panel [1].
Efficiency isn't the goal. Wealth extraction is.
[1]: https://www.theenergymix.com/no-one-goes-to-war-over-a-solar...
>> 1MW of solar produces 1MW in years 1 through 20.
I agree with your post, but the above statement is not technically accurate.
Panels do drop in production over time; A very rough rule-of-thumb is around 1% loss per year.
So after 20 years production is at like 80%. (Ymmv)
Of course this isn't really a big deal. The panels themselves are cheap and can be replaced very easily. Equally there is a market for 2nd hand panels as they still produce, and are ideal for places that are not space constrained.
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