It is 100% certain that oil and coal will surge dramatically in 2013

Discussion in 'Economics' started by crgarcia, Dec 22, 2009.

  1. This is what WILL happen, pay attention:

    You will blowup!
    :p
     
    #11     Dec 23, 2009
  2. Rofl @ blowing up!
     
    #12     Dec 23, 2009
  3. jprad

    jprad

    The first link refers to the dismantling of 15K Russian warheads. Any ideas on how many more there are in Russia and the US?

    The second link is a pretty muddled work. It mentions the US closing most every uranium mine due to a collapse in the price of ore.

    That article also mentions that there are large stockpiles of uranium left. Is that enough to keep the cost of ore below the cost of reopening and operating those mines?

    That article also mentions that Australia and Canada produce over half the world's uranium ore and that the US uses around 30% of the world's supply?

    Aren't Canada and Australia classified as very close allies with the US?

    Finally, if the article is correct and there are a few decades of uranium left, how can you be certain that some alternative energy production method isn't perfected well in advance of the depletion of uranium, oil and coal?

    Fusion (nuclear, plasma, etc.)? High-efficiency PV? Residential fuel cells?

    Couple that with a mono-pole motor and we could have an abundance of cheap, clean energy.
     
    #13     Dec 23, 2009
  4. As of October Russia has about 13k total nukes. The US has 9,400. Russia has 4,700 nukes that are operational and ready to launch. We have 2,600 ready to go.

    http://www.fas.org/programs/ssp/nukes/nuclearweapons/nukestatus.html
     
    #14     Dec 23, 2009
  5. Buy coal futures, we need the liquidity.
     
    #15     Dec 23, 2009
  6. The coal issue ties in nicely with Buffett bet on railroads.
     
    #16     Dec 23, 2009
  7. The following article shows that UAE is certainly not broke if they are spending $40b on nuclear power plants. UAE has pledged to import the uranium fuel rather than refine it themselves which is in contrast to what the Iranians are doing. The cost of natural gas electricity for UAE could be 50% lower than nuclear generated electricity, and UAE is certainly not concern about global warming given the amount of crude oil and natural gas it produces. This suggests UAE is mainly interested in nuclear technology, even if not nuclear weapons.

    http://www.reuters.com/article/idUSLDE5BQ05O20091227?
     
    #17     Dec 27, 2009
  8. piezoe

    piezoe

    There are centuries of fissionable fuel available via breeding. Thorium, of which there is far more than uranium, can be breed to a fissionable isotope of uranium. That is just one example. And of course plutonium can be produced by breeding.

    Don't worry about running out of fissionable nuclear fuels. And of course there is lots of that dirty fuel, coal, available.
     
    #18     Dec 27, 2009
  9. Another article looking for lower crude prices.

    http://www.ft.com/cms/s/0/cc90fcce-f493-11de-9cba-00144feab49a.html
    "While geopolitics, continued security threats and unstable political regimes increase the challenges associated with long range oil price forecasting, it seems clear that the price signal has been effective. Dramatic increases in the oil supply over coming years coupled with significant current spare capacity suggest that the recent technical breakdown in the oil price is signalling something significant – possibly a coming oil supply glut and a revisit of end 2008 oil price lows. "

     
    #19     Dec 29, 2009