Nanotechnology = a $2,000 Annual Raise for everybody
Nano-technology is like artificial intelligence, a hollow buzzword that never seems to materialize. Things are starting to change. Toshiba has just figured out a way to make an extremely practical nano-battery that will affect just about everybody and potentially the future of the planet.
Toshiba's new battery is unique in that it can take an 80% charge in one minute. It's also smaller and lighter than the batteries of old so it can be used in cars.
"The efficiencies of good modern Otto-cycle engines range between 20 and 25 percent (in other words, only this percentage of the heat energy of the fuel is transformed into mechanical energy). "75 to 80 percent of the gasoline we buy is wasted due to the inefficiencies of the internal combustion engine. The heat energy generated by our brakes is also wasted. If our cars could use that brake energy we could cut our gas consumption dramatically, especially in city driving(this is why hybrids get better mileage in cities). The only energy loss would be from rolling resistance from our tires and from wind resistance.
If this battery actually makes it to market in 2006 it could mean the end of gas stations as we know them. If it becomes possible to rapidly charge your car with an extension cord plugged into a standard outlet then we won't need gasoline.
"Electricity ranges from about 5 - 10 cents per kW, so a gallon of gas (more than $2) has as much energy as $1.65 - $3.30 of electricity."At first glance it looks like gas power and wall power are the same price but gas engines are only 20% efficient so using a plug from the side of your house would be 5 times cheaper.
If we assume that the average American spends $25 a week or $1,300 a year then we will have an average disposable income increase of $1170 per driver. Thats like giving the majority of Americans a pretax raise of $2,000. Not to mention the reduction of pollution, noise or otherwise. This will be an even bigger boon in high tax countries like Europe because spending less, as opposed to getting cash in the mail, is tax free.
"for every $10/bbl rise in price overall GDP would be trimmed by 0.3%-0.5% over a year" So we can also expect the equivalent of a 90% or $40 drop in the price of a barrel of oil. That means GDP will grow by 1.2%-2.0% worldwide in a few short years. Inflation will decrease pretty dramatically and interest rates may remain low.
Do an inflation calculation
What percentage of oil is used for gasoline?
Oil price will drop if gas is a big portion of oil is used for gas. Lowering prices for oil needed for power plants.
Find efficiency of power plants.
Gas in Europe is $6.50/US gallon