Peter Zeihan

Look at Norway.

I mean, Norway has been subsidized.

I don't mean to suggest that they're not, but they get over half of their electricity from wind now because of the dispatchability issue.

They're probably pretty close to peaked on that.

They probably can't do much more.

What's dispatchability?

The ability just to flip a switch and more electricity surges into the system.

You can't do that with green tech at all.

You can do it with batteries, but batteries are not good enough to store more than a few minutes of power on a grid level for most places.

So the first half for the Danes was easy.

The second half, I have no idea how they're going to do that.

I mean, it's really unsexy, but copper.

it's like you want to expand your grid you need copper you want to do more industry you need copper you want to do anything with green tech you need copper you need a lot of it the united states wants to double the size of its industrial plant the united states in order to do that needs to increase its grid by half that means we need to consume about 12 times as much copper for the next 30 years as we have for the last 30 why does that come from where is most of the copper in the world

The only country in the world that has what you would consider maybe surge capacity to increase output on anything less than a five-year timeframe is Chile, the out-of-town, the desert.

Number two is the United States.

Number three is Canada.

Number four is Mexico.

That's great, but that's the ore.

Then you got to turn it into copper metal.

That's China and India.