What quite a few are putting forward currently as the nuclear “solution” reminds me very much of the supposed “great energy replacement” to be achieved with nothing more than solar PV and wind which we were soon to find wasted so much precious time and racked up enormous debt on what Dr. Martenson, Dr. Murphy, ARK and many more mathematically had proven, well prior to, such policy adoption could not be… Solar PV and wind, to date, can reduce fossil fuel use by about 10% but not replace it and attempting to do so caused energy price inflation getting to 10-30+%! With current proven nuclear technologies and their needed uranium supplies we have Dr. Martenson, Dr. Murphy, Eric Sprott again mathematically showing what is likely to be. In fact, for years now Eric Sprott has warned about uranium supply constraints and very publicly bet on exactly that all the while policy makers will pay no heed to Sprotts public warnings and race ahead restarting or building more nuclear plants than there is uranium for (see https://www.zerohedge.com/markets/nuclear-names-surge-after-three-mile-island-planned-restart-power-microsoft-data-centers)!
Eric Sprott has earned huge returns on the bet of higher uranium prices increases due to supply constraints while folks ignored and argued against his supply constraint warnings! Imagine, I tell you not to build the plants, I place huge bets you’ll continue to build them despite my warnings and therefore my uranium bets make buckets of profits, and the pattern has carried on for a decade. As a taxpayer watching and biting my tongue to some degree, let’s just say it is not fun!
Now there are nuclear proponents at the ready saying uranium supply and long term waste are so yesterdays news as they glide over reality to “new nuclear technologies very soon” see https://www.zerohedge.com/energy/nuclear-fusion-perpetually-distant-dream-moves-closer-reality ... But when we read the article, we read the following perspective “If they can sustain that rate [of investment], then I think we are on track to seeing demos by mid-2030s, and hopefully engineering reactors by early 2040s (reactors tend to take 10 years to build after they are engineered),” Fedosejevs said. Emdee takes a more cautious view. “I would say optimistic estimates of fusion providing power to the grid are maybe the 2040s,” he said. “But the more conservative estimates, that I personally believe are more realistic, are the 2060s or 2070s.” That sure takes some patient investing – no?
What quite a few are putting forward currently as the nuclear “solution” reminds me very much of the supposed “great energy replacement” to be achieved with nothing more than solar PV and wind which we were soon to find wasted so much precious time and racked up enormous debt on what Dr. Martenson, Dr. Murphy, ARK and many more mathematically had proven, well prior to, such policy adoption could not be… Solar PV and wind, to date, can reduce fossil fuel use by about 10% but not replace it and attempting to do so caused energy price inflation getting to 10-30+%! With current proven nuclear technologies and their needed uranium supplies we have Dr. Martenson, Dr. Murphy, Eric Sprott again mathematically showing what is likely to be. In fact, for years now Eric Sprott has warned about uranium supply constraints and very publicly bet on exactly that all the while policy makers will pay no heed to Sprotts public warnings and race ahead restarting or building more nuclear plants than there is uranium for (see https://www.zerohedge.com/markets/nuclear-names-surge-after-three-mile-island-planned-restart-power-microsoft-data-centers)!
Eric Sprott has earned huge returns on the bet of higher uranium prices increases due to supply constraints while folks ignored and argued against his supply constraint warnings! Imagine, I tell you not to build the plants, I place huge bets you’ll continue to build them despite my warnings and therefore my uranium bets make buckets of profits, and the pattern has carried on for a decade. As a taxpayer watching and biting my tongue to some degree, let’s just say it is not fun!
Now there are nuclear proponents at the ready saying uranium supply and long term waste are so yesterdays news as they glide over reality to “new nuclear technologies very soon” see https://www.zerohedge.com/energy/nuclear-fusion-perpetually-distant-dream-moves-closer-reality ... But when we read the article, we read the following perspective “If they can sustain that rate [of investment], then I think we are on track to seeing demos by mid-2030s, and hopefully engineering reactors by early 2040s (reactors tend to take 10 years to build after they are engineered),” Fedosejevs said. Emdee takes a more cautious view. “I would say optimistic estimates of fusion providing power to the grid are maybe the 2040s,” he said. “But the more conservative estimates, that I personally believe are more realistic, are the 2060s or 2070s.” That sure takes some patient investing – no?