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Economies and Limitless Public Energy Sources

pozessed
Posts: 1,034
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10/20/2012 10:59:05 PM
Posted: 4 years ago
What would happen if the entire world were able to produce energy for free after they purchased cheap materials to generate the electricity?

This is hypothetical, seeing as there is no way to do this yet that is economically efficient or at least made public.
To give a better example though;

Say a generator costs $200(USD) to buy/build. After you have the generator it can power your car or your home for free, with no service needed for the generator for 5 years or so.

Again, hypothetically what would happen economically?
darkkermit
Posts: 11,204
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10/20/2012 11:10:20 PM
Posted: 4 years ago
At 10/20/2012 10:59:05 PM, pozessed wrote:
What would happen if the entire world were able to produce energy for free after they purchased cheap materials to generate the electricity?

This is hypothetical, seeing as there is no way to do this yet that is economically efficient or at least made public.
To give a better example though;

Say a generator costs $200(USD) to buy/build. After you have the generator it can power your car or your home for free, with no service needed for the generator for 5 years or so.

Again, hypothetically what would happen economically?

what's the capacity of each generator? Probably not that much. Cost of fuel is actually not that much compared to the capital costs:

http://factspluslogic.com...
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Lordknukle
Posts: 12,788
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10/20/2012 11:16:10 PM
Posted: 4 years ago
Dk, would it be possible to make nuclear energy with synthesized elements? They have a larger mass than uranium and should give off more energy when split, right?
"Easy is the descent to Avernus, for the door to the Underworld lies upon both day and night. But to retrace your steps and return to the breezes above- that's the task, that's the toil."
pozessed
Posts: 1,034
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10/20/2012 11:20:25 PM
Posted: 4 years ago
Getting off topic. Let me narrow it down a little bit.

What would happen to the economy if people didn't have to pay for electricity or gas anymore?
darkkermit
Posts: 11,204
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10/20/2012 11:20:42 PM
Posted: 4 years ago
At 10/20/2012 11:16:10 PM, Lordknukle wrote:
Dk, would it be possible to make nuclear energy with synthesized elements? They have a larger mass than uranium and should give off more energy when split, right?

Yes. Some elements of thorium and plutonium are sources of uranium. I don't know what the energy of fission are for these elements. The mass of the atom doesn't make much of a difference, since its not as If all the mass of uranium is used up during a fission. Only a small fraction of its mass of an atom is used up during fission. There's data you can find on the energy of fission for certain elements though.
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darkkermit
Posts: 11,204
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10/20/2012 11:25:45 PM
Posted: 4 years ago
At 10/20/2012 11:20:25 PM, pozessed wrote:
Getting off topic. Let me narrow it down a little bit.

What would happen to the economy if people didn't have to pay for electricity or gas anymore?

There would be an economic boom. It would be good to invest in companies that require large amounts of energy in production but low labor costs, like chemical plants or mining.
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pozessed
Posts: 1,034
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10/21/2012
Posted: 4 years ago
At 10/20/2012 11:25:45 PM, darkkermit wrote:
At 10/20/2012 11:20:25 PM, pozessed wrote:
Getting off topic. Let me narrow it down a little bit.

What would happen to the economy if people didn't have to pay for electricity or gas anymore?

There would be an economic boom. It would be good to invest in companies that require large amounts of energy in production but low labor costs, like chemical plants or mining.

Could there be political downfalls that would hinder economies with limitless energy?
If so what are the most likely scenarios?
R0b1Billion
Posts: 3,726
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12/30/2012 8:55:22 AM
Posted: 3 years ago
There is no practical method for creating enough free energy to power the American lifestyle. Our current existence is utterly dependent on the fact that gasoline is still very prevalent, allowing us tens of millions of joules of energy per gallon.
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malcolmxy
Posts: 2,855
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12/31/2012 7:58:13 PM
Posted: 3 years ago
At 10/20/2012 11:20:25 PM, pozessed wrote:
Getting off topic. Let me narrow it down a little bit.

What would happen to the economy if people didn't have to pay for electricity or gas anymore?

We would eclipse the 1.0 mark on the Kardashev scale, and we'd become an interstellar society and the economy would reflect that (meaning, who the heck knows?)
War is over, if you want it.

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