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In my article I compare the Jacobson report estimated capital cost (about $15.5 trillion) to my cost (about $23.2 trillion). The reason for the difference is the Jacobson low-ball estimates of the capital cost ($1,000,000/MW) for various energy sources, and high-ball estimates of various capacity factors (CFs).

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The steam pressure reached 40 to 45 pounds. It had a five horse power engine that could reach 25 mph. With a full load of coal, the car could go 30 miles, providing a half dozen stops for water. The longest run between water stops was 9 miles in 26 minutes. The price agreed to was $1000 to be paid in installments.

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These were the men who defended the shores of our island against the growing numbers of pirates from northern Europe, for the rowers of the Roman galleys were merely the machinery of propulsion, and were probably much less considered than the steam-engines of a modern battleship.

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The prices in the report are estimates and may not be an accurate refl ection of market prices, which may change depending on the evolving manufacturer supply and market demand conditions for such equipment.

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At what price can a GTL plant produce oil, and make money? Can it be scaled down, so that smaller plants make money? They wouldn't discuss the prices at which they make money, but it is all about the price differential between natural gas and oil. At today's natural gas and oil price spread, I think GTL plants would make money.

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