Posted on 11/29/2014 2:43:52 PM PST by ckilmer
That idea is TOTALLY GAY.
Supposedly, China is putting a lot of effort into Thorium nuclear.
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Yeah that story is a real pisser too. The number of companies/univesities however working on thorium continues to rise every year.
The amount of smoke there rises every year.
imho it won’t be but a couple years before lftr msr thorium reactors become a very big deal.
Drive down the price of oil so fracking is no longer viable and drive up the price of gold. Sounds like a lose-lose.
Obama is being saved by the Ogre of capitalism that he works so hard to slay.
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yup and the dems will have not learned a thing. except what shumer is talking about. that the dems should have helped the middle and working classes before soaking them with obamacare.
“The saudis produce cheap oil.”
Doesn’t matter.
What matters is that Saudis only need to make about $70/brl to fund their budget.
What REALLY matters is that they have SAVED MONEY and can carry a loss for years without borrowing.
It’s better to be rich than to be in debt.
We need oil independence for the upcoming war(s) with Russia and OPEC nations. I don’t think we are betting on the Saudi royalty lasting for long.
That idea is TOTALLY GAY.
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I don’t get this except if TOTALLY GAY=GILDING THE LILLY
We need oil independence for the upcoming war(s) with Russia and OPEC nations. I dont think we are betting on the Saudi royalty lasting for long.
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The odds are long that there will be wars with OPEC or Russia. The odds are long too that the Saudi royalty will be unseated anytime soon.
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However, for the next decade of so — there are likely to be some pretty wild swings in the price of oil.
Have you seen the thorium advocacy work (videos) of Kirk Sorensen? He's a fantastically effective evangelist for that technology.
Then pull back our military agreements. Of yes the Russians and Chinese are getting good at that too.
What do you suggest?
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The way to quiet things down considerably in the middle east and russia is to push oil prices to $35@ barrel. But higher oil production won’t get the USA there. Only a collapse in demand caused by a shift away from oil as a transportation fuel — will make that happen.
That shift away from oil as a transportation fuel will happen. But its effects won’t be felt for at least five years.
I would have preferred that the crash in oil prices happened late in 2015 or 2016 because in another 18 months the USA —with high oil prices— would be producing over 10 million barrels a day or enough for north american oil independence. (we’d still need some oil from canada.)
that’s likely not going to happen. prices look like they’ll fall until they shut down oil production. But the result of low oil prices is higher economic growth and a higher demand for oil. So higher oil prices will return in two years. and production will go back up again.
You and I don’t have to do anything but tell our congressmen to fund research into nuclear energy especially lftr and msr designs.
The brain-dead Greenies will revolt.
Yes, I know.
They're already revolting.
imho it wont be but a couple years before lftr msr thorium reactors become a very big deal.
Have you seen the thorium advocacy work (videos) of Kirk Sorensen? He’s a fantastically effective evangelist for that technology.
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Yeah I love his advocacy. I’m not sure his company is doing much. We’ll see. There’s a number of small companies doing msr designs of which the most notable are Sorensen Flibe and the MIT based Transatomic company. Bill Gates has his own small nuclear company called Terrapower with a different design that looks like Microsoft vs linux for everyone else. After them there’s a lot more companies and universities working in the field. The canadians have a small company with government funding that’s trying to do a molten salt design. The US government so far has been clueless.
Drive down the price of oil so fracking is no longer viable and drive up the price of gold. Sounds like a lose-lose.
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Yeah on the face of it.
But the efforts by european, japanese and american companies to create and sell cars which don’t use oil...is not a passing fad. Its not going away. with time it will only get stronger. why? the europeans and Japanese can’t produce their own oil. therefor the only way they can become energy independent is to get away from oil as a transportation fuel.
Oil prices will be pressured from another front as well. Natural gas. over the next ten years all the number 4&3 heating oils used to heat buildings in the northeast will be replaced with natural gas. same goes for trains trucks and buses. That’s TBoone Picken’s idea. Its will happen over a period of ten years.
Between natural gas, electricity and what not —starting 5 years from now the demand for oil will start to slump. In time the slum in demand will accelerate.
This will collapse the price of oil.
It would be better to sell oil reserves in the next 5 year than in the following 10 years.
The coming technological revolutions will favor a stronger dollar than a weaker dollar.
Gay in the sense of living for today, but not giving a damn about tomorrow. I prefer to have OIL for the day we need it, rather than gold, which at best might be able to buy some oil. I have kids.
The brain-dead Greenies will revolt.
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The greenies have a very definite energy plan. Renewable energy is good. Its just not good enough.
What the world needs is much cheaper energy. That’s the way true revolutions happen.
Gay in the sense of living for today, but not giving a damn about tomorrow. I prefer to have OIL for the day we need it, rather than gold, which at best might be able to buy some oil. I have kids.
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Oh I see. I disagree with your premise. I think the demand for oil will collapse. It will be slow at first and won’t really start until after 2020 but by 2025 everyone will see oil as a 20th century fuel. Its glory days over. The price of oil will likely go down to $35@ barrel which is where in btu terms coal and natural gas are today.
Oil is used mostly as a transportation fuel. The shift away from oil as a transportation fuel is in its very early stages. But its not a fad. Its not going away. Its only going to get stronger. There will be more electric cars in the world every year and not less and their price structure is falling. Both the europeans and the japanese have a vested interest in getting away from petrol fueled autos. They can never become energy independent if they don’t shift away from the internal combustion engine. Musk has already started work on his now famous battery factory in nevada which promises to deliver cars with a stronger battery at a 35k price point—to be shipped in 2018. This is a big deal. The effect on oil prices at first will be marginal. But the cumulative effect over years will be devastating for the price of oil as demand for oil dries up.
We are not on a gold standard.
How would this having more gold help out?-Tom
Government is trying like hell to kill farming. I drove through the inner valley of California, the state government caused water shortage has the farmers grinding up almond trees for mulch. Thousands, maybe tens of thousands, of acres of them... Add that to burning corn as fuel as mandated by fed.gov and you have a disaster brewing...
2.) There are dozens of countries around the world working at undermining the dollar as the era of petro dollars winds down. Increasing gold reserves will help to harden the dollar.
We are not on a gold standard.
How would this having more gold help out?-Tom
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The germans and the Dutch are removing their gold from deposit in the USA; their removals will continue for the next five years or so. This means they have lost confidence in the USA as a place to store their treasure.
This looks bad. In this world appearances are meaningful.
Buying more gold for reserve purposes just makes the USA look good. That’s all. It would also tend to push the value of the dollar up.
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