| Well over 40% of US electricity is still from coal. Despite all the hype, renewables other than hydroelectric are only 3% in the US. What's driving energy prices is cheap natural gas. Natural gas is cheap to extract and can be extracted fast. But after a while, it's all gone. Britain's North Sea Gas boom is over.[1] Gas fields also drop off faster than oil fields. The cheap natural gas boom won't last forever. It's created the illusion that the energy problem is over. Nuclear is discouraging. After Fukushima, nuclear plants are scary. Fukushima was a reasonably good plant which got hit by a larger than expected tsunami and lost site power. That was enough to cause a major disaster. Nuclear now looks like a technology where every decade or two you lose a city. The small-nuclear enthusiasts are a bit scary; some argue they need fewer safety precautions because their reactors can't melt down. What could possibly go wrong? Big, expensive containment vessels are a good thing; when Three Mile Island failed, the containment held it in. Battery technology will help. Wind and solar are intermittent, and can't carry too much of the load until there's more storage. But it's going to take a lot of batteries. [1] http://www.crystolenergy.com/assessing-future-north-sea-oil-... |
But you are absolutely right that its entirely due to natgas and that will maybe last us a decade or two but certainly not three.
In fact its just enough time to build a fleet of nuclear plants, but as you also point out, fear rules that decision far more than physics.
Wind and solar and batteries are awesome, but even in very optimistic case scenarios we need an alternative to coal and the temporary surge of natgas to handle baseload between here and ~2040. It should be nuclear, but, sigh.