Sunday, January 21, 2007

uranium: I feel pretty

It was horrifying, horrifying! Richard Daughty, 321gold
So how big is the market for uranium, you ask. Well, now that you mention it, I would like to know, too! And, in sheer coincidence, here is the Money and Markets newsletter to say "In 2005, about 16% of the world's electricity came from 440 nuclear reactors. That required about 77,000 metric tonnes of uranium." That works out to, if I calculated it correctly, 175 tonnes per reactor.
But "mines only supplied about 48,000 tonnes", he says. The rest "came mostly from reprocessed Russian nuclear weapons - a program that's slated to end. Meanwhile, there are 28 reactors under construction around the world and another 62 are being planned. All told, scientists estimate that the world will need about 900 more nuclear power plants by 2050". Twice as many as now! Wow! And how! Maybe these guys are really on to something big with that uranium thing!

Near term investment opportunities aside, it is a big boggle for me consider that the unicorns and rainbows crowd thinks that 900 new nuclear reactors can be stoked with atomic coal.

We aren't doing it now, we're burning through prior (weapons) production, just as we are burning through long past discovered oil reservoirs for our liquid fuel. More damn energy laundering.

How will we dig endless amounts of uranium out of the ground? How will we distill it from the oceans?

Ethanol, I bet.

Weather today calls for periods of cloudiness, followed by a shower of diamonds from the blue sky. This is my personal plan to remove excess carbon in our turgid atmosphere - - yet I find myself blocked by a conspiratorial cabal of diamond merchants, naturally.

Reality has nothing to do with it.

Perpetual motion refers to a condition in which an object continues to move indefinitely without being driven by an external source of energy. In effect by its very definition, Perpetual Motion is a system wherein the item in question consumes and outputs at least 100% of its energy constantly, sustaining no net loss as a result of the laws of thermodynamics. Using modern terminology, any machine that purports to produce more energy than it uses is a "perpetual motion machine", although somewhat oddly named as they may not include any moving parts.


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