Energy From Thorium Discussion Forum

It is currently Sep 21, 2018 5:20 am

All times are UTC - 6 hours [ DST ]




Post new topic Reply to topic  [ 3 posts ] 
Author Message
PostPosted: Jun 23, 2013 4:15 pm 
Offline
User avatar

Joined: Oct 23, 2010 5:28 am
Posts: 38
By no other than the International Monetary Fund (IMF)

The next President (assuming 2 terms) will be forced by metaphorical mob-rule to keep the lights on by whatever means necessary. Anyone with a basic understanding of energy supply and demand knows that only nuclear power can do the job - cleanly. It may even be possible to keep your car!

"Remember when we had a car..." - http://prismsuk.blogspot.co.uk/


Top
 Profile  
 
PostPosted: Jun 23, 2013 5:38 pm 
Offline
User avatar

Joined: Dec 29, 2011 10:14 am
Posts: 217
Forecasting the price of oil is not something people can do very well. If they did, or if anyone really knew with precision, the oil market could be the most profitable investing arena of all. Oil is governed by the amount of available oil to satisfy demand and when the price goes up, technology improves and more oil is found. There are temporary market reactions to an increase in price -- people do not buy as much but this usually is a temporary situation. Markets can also be affected by the fear of lack of supply such as a war or destruction of some part of the supply chain. But then the incentives drive more exploration and higher recoveries in existing fields. Supply starts to go up.

We are not yet to a point of scarcity where the ultimately limited supply will mean new reserves will not be found. I remember in the 1970s, the experts predicted the North Sea was going to have a steep decline of production... did not happen. We all know of the predictions of Peak Oil, but forgot to consider new developments. This past year was the highest production total in US history. So the issue is always price. At a higher price, new reserves are recoverable and this works against a steep increase in prices -- the feedback loop may lag a bit but then comes to some new equilibrium. Maybe the price will double but I don't see it happening quickly, or if it does, forces will come into play to allay such a jump in price -- just an opinion. As developing countries demand more oil, there will be pressure on price for sure, but then new reserves become profitable.

Indeed, there is no logical way to dodge the ultimate requirement that nuclear must be in our future, both from eventual scarcity of oil supply and pollution issues, but I worry that that message will not be adopted in the USA in the near term. We are already being prepared to hear an expansion of alternative energies.


Top
 Profile  
 
PostPosted: Apr 15, 2018 10:33 am 
Offline
User avatar

Joined: Nov 30, 2006 3:30 pm
Posts: 3783
Location: Alabama
The End of Peak Oil

Quote:
Peak oil predictions and other Malthusian prognostications of resource limits have failed repeatedly for decades. But the people who invoke these false auguries of doom and gloom never seem to suffer any consequences. Any discussion of energy resources is tainted by ideology. Renewable energy sources such as wind and solar are portrayed as morally superior. Tendentious promotions of renewables invariably gloss over their inherent limitations. Wind and solar are intermittent and expensive. Both suffer from low power densities. These flaws are not political or even technological. They originate in the laws of physics and chemistry and are not likely to be overcome at any time in the foreseeable future.


Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 3 posts ] 

All times are UTC - 6 hours [ DST ]


Who is online

Users browsing this forum: No registered users and 1 guest


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group