With a lower limit and some way of subsidising a portion back for verifiable, occupational need.
Dead Comment
With a lower limit and some way of subsidising a portion back for verifiable, occupational need.
So what’s the deal here? Is it the need for consistent base load electricity that caused them to choose coal?
> ...drawing power from the plant’s 106-megawatt generator now fueled by natural gas.
Interested to hear if anyone has insights about this
Maersk are entering into block-chain "distributed ledger technology" with IBM and similar modern solutions. But one article put $300 of every $2,000 of shipping costs for administration and paperwork[0].
I think you're right, there is a massive advantage to be had, and companies are chasing that advantage. But from my (tangential logistics) background, even the biggest shipping companies have the usual range of legacy systems, heavy administration overhead, plenty of paperwork, excel-based-tools and huge integration headaches.
0 - https://www.supplychaindigital.com/technology-4/maersk-and-i...
https://www.fooddive.com/news/nestle-to-acquire-majority-sta...
400,000kg is 1/40 of the weight of the main towers of the Golden Gate Bridge (the steel parts). [0]
[0] - https://www.goldengate.org/bridge/history-research/statistic...
Which Wolfram Alpha helpfully confirms is approximately equal to the mass of all gold ever mined. There is some contention about this value, the World Gold Council posit 197,576 metric tons (and up to 3000 additional tonnes per year) [1], USGS suggest a cube with 28 meter sides, or 244,000 metric tons [2].
400,000 kg probably comes from 20 cubic meters of gold (386,000 kg).
[1] - https://www.gold.org/about-gold/gold-supply/gold-mining/how-...
[2] - https://www.usgs.gov/faqs/how-much-gold-has-been-found-world
Fun to talk about though. This is a very entertaining story.
I wonder if this is a clever-ish social media algorithm trading, shrewd fund managers or really just desperately mistaken retail traders.
"In an emergency" has always been allowed reason to leave home during the Victorian lockdowns.
1 - https://www.coronavirus.vic.gov.au/how-we-live