You know the saying, ‘3 steps forward, 2 steps back’? Maybe that’s what the entire world energy scene is all about…. As more people come to the table at an accelerated pace.
Shortlink here… http://wp.me/pfF9G-cxN
We have 3-4 billion in a rush to get energy (China, Africa, India, SE Asia & less so South America), while a billion or so already have it (USA, Canada, a decent part of Europe, South Korea, select Middle Eastern countries, and up until the Tsunami, Japan). The latter fell into the trap of needing to refurbish legacy plants (coal & nuclear) while bringing on national gas (NG) and renewable energy (RE). While the former are building whatever they can, maybe at a 10 to 1 ratio (fossils/nuclear/large hydro to REs).