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It's not a matter of costs, it's a matter of necessity. Electrical costs simply double, a simple doubling, and you will see whole nuclear plants going up all over the place, breeder reactors, whole nine yards. OK so it takes 5 years before they're ubiquitious, that's not a big deal, societies, especially western society, have gone through these resource blackouts before, and come out fine afterward.
Just for perspective, China consumes 2.4 billion tons of coal a year and it is increasing at around 10% a year (iirc). China's coal reserves are proven to last at leat a century and that's taking into account current demand.
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