Thinking global on energy grids

Many renewable energies like sun, wind, hydro and tidal flow freely over the globe with some areas having more exposure to some types than others. Rather than each area or country thinking local and developing separate regional power systems to produce, consume and store just energy captured within their own borders, interconnecting regions and pumping the growing plethora of the earth’s clean energy sources into continental and even inter-continental supergrids (akin to the global internet into which we all plug) is the next wave of big picture solutions.

Individuals can still have personal systems (ie Powerwalls) to capture and store energy for their own homes and electric vehicle recharge, but for the bigger communal, infrastructure needs, or to service areas that are under-powered, inter-regional systems make enormous sense.  In fact many inter-regional sharing grids are in place in North America and Europe already.  For examples, and to learn more, read:  First steps to a global supergrid here.

Reports abound of homeowners and businesses unplugging from the power grid and opting instead to generate and store their own electricity. Such grid defections may make sense in places where electricity rates are sky-high or service is spotty. But for just about everywhere else, it’s far more sensible to do the very opposite: interconnect regional electricity networks to form a globe-spanning supergrid.

What makes this idea so compelling are the major strains on today’s power grids: soaring energy demand in fast-growing megacities; rapid expansion of carbon-free but intermittent wind and solar power; and the ever-increasing need to secure grids against electronic and physical attacks. The smaller and more isolated a power network is, the more difficult it is to maintain the nearly instantaneous balance between electricity supply and demand.

But the technology now exists to transmit massive amounts of electricity over long distances without significant losses, thereby allowing operators to balance consumption and generation across an entire continent—or, potentially, the globe.

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Danielle on The Financial Survival Network

Danielle was a guest today on The Financial Survival Network with Kerry Lutz talking about recent developments in the world economy and markets.  You can listen to an audio clip of the segment here.

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Risks mounting in Canada’s mortgage market

As we have seen repeatedly, when governments are backstopping financial intermediaries lenders naturally become less diligent and more focused on profits than on risks, on quantity rather than quality of loans. This has been the Canadian experience in spades over the past decade…and the risk to taxpayers is still building, with a tab yet to be determined.  P.s  The taxpayer-backed risks are larger than ever in the US mortgage market as well.  See:  Fannie and Freddie are Back, Bigger and Badder than ever 

Bruce Joseph, Principal Broker, Anthem Mortgage Group, and Ben Rabidoux, President, North Cove Advisors, join BNN to discuss the prevalence of fraud and role of regulators in Canada’s mortgage industry. Here is a direct video link.


Footnote on Economist Sherry Cooper speaking at the outset of clip: after a long career as Chief Economist/investment sales cheerleader for BMO Capital Markets, Ms. Cooper recently took a position as the Chief Economist/mortgage sales cheerleader at Dominion Lending Centres (who’s website says they collect brokerage commissions on more than 50,000 mortgages sent to Canadian lenders each year). Unsurprisingly, Ms. Cooper’s assessments are all very positive on the stability and integrity of the Canadian mortgage market!

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