From catallaxy. This is largely a collage of facts cut and pasted from wikipedia. But I now realise I hadn’t put in the necessary quotation marks to always differentiate my commentary from the wiki quotes. So we might call this the corrected version. Also I hadn’t mentioned HOT ROCKS aka Geothermal. And I might correct this later also. Sometimes you will see that I’ve added my own emphasis to the wiki quotes. It ought to be pretty obvious where this is the case.
“Kerogen from the Green River Formation oil shale deposit of western USA has the chemical composition C215 H330 O12 N5 S.”
(NOTE THE LIKELY CONDUSIVENESS TO CHANGING THIS TO ANY HYDROCARBON WE WANT BY ADDING HEAT AND HYDROGEN).
“World deposits of oil shale are estimated to equal 2.9–3.3 TRILLION!!!!! barrels of recoverable oil, 1.5–2.6 TRILLION!!!! barrels of which are in the United States.”
“As the oil shale industry has a number of environmental impacts, environmentalists have expressed concern over the extraction of shale oil, and protests appear to have contributed to the halting of the developing industry in Australia.”
(unbelievable the future pain and suffering these bastards are causing).
Item 4. THE GOOD NEWS ON TAR SANDS. LOOK ALIVE INVESTORS!
“….However, the world’s largest deposits occur in two countries: Canada and Venezuela, both of which have tar sands reserves approximately equal to the world’s total reserves of conventional crude oil.
As a result of the development of these reserves, most Canadian oil production in the 21st century is from tar sands or heavy oil deposits, and Canada is now the largest single supplier of oil and refined products to the United States……”
“Between them, the Canadian and Venezuelan deposits contain about 3.6 TRILLION!!!!!!! barrels of oil in place.
This is only the remnant of vast petroleum deposits which once totaled as much as 18 trillion barrels, most of which has escaped or been destroyed by bacteria over the eons.”
ITEM 6. (THE BEST NEWS SO FAR AND OUGHT TO BE ON EVERY INVESTORS IN-TRAY….SINCE THIS MITIGATION OF PEAK OIL IS ABOUT THE ONLY THING THATS HITTING PAY DIRT RIGHT NOW.)
“Steam Assisted Gravity Drainage (SAGD)
In SAGD, two horizontal wells are drilled in the tar sands, one at the bottom of the formation and another about 5 metres above it.
These wells are typically drilled in groups off central pads and can extend for miles in all directions.
In each well pair, steam is injected into the upper well, the heat melts the bitumen, which allows it to flow into the lower well, where it is pumped to the surface.
SAGD has proved to be a major breakthrough in production technology since it is cheaper than CSS, allows very high oil production rates, and recovers up to 60% of the oil in place.
Because of its very favorable economics and applicability to a vast area of tar sands, this method alone quadrupled North American oil reserves and allowed Canada to move to second place in world oil reserves after Saudi Arabia……”
(Investors take note. When the deal goes down some of these stocks could land you a personal fortune)
“…..Examples include Japan Canada Oil Sands Ltd’s (JACOS) Hangingstone project, Suncor’s Firebag project,
Nexen’s Long Lake project, Petro-Canada’s MacKay River project, Husky Energy’s Tucker Lake and Sunrise projects, Shell Canada’s Peace River project, Encana’s Foster Creek development, ConocoPhillips Surmont project, and Devon Canada’s Jackfish project, and Derek Oil & Gas’s LAK Ranch project.
Alberta’s OSUM Corp has combined proven underground mining technology with SAGD to enable higher recovery rates by running wells from underground within the tar sands deposit, thus also reducing energy requirements compared to traditional SAGD.
This particular technology application is in its testing phase and has stranded oil and other carbonate applications as well……”
See the steam rising from this nuclear power station and contemplate the symbiotic relationship that nuclear power and the various hydrocarbon industries ought to potentially have.
Steam, ambient heat and off-peak electricity production ought to be hived off to these various forms of carbon deposits since any hydrocarbon can be turned into any other.
You’d almost want to purposely make the enitire reactor portable to go from one profitable carbon-bed to another.
Check out this graph.
Now notice how the installed capacity flattens out.
This has NOTHING to do with any natural decadal scarcity but is to do with political action taken by commies and environmentalists years prior to the eventual flattening.
No such decadal constraint is in sight and nor is it likely EVER!!!!! It is POSSIBLE that you might have a short period of relative scarcity. But very unlikely and ACTUALLY IMPOSSIBLE with monetization of Uranium, Gold, Silver, Palladium and Platinum.
“Uranium is a common element, approximately as common as tin or zinc, and it is a constituent of most rocks and of the sea.
The world’s present measured resources of uranium, economically recoverable at a price of 130 USD/kg, are enough to last for some 70 years at current consumption.”
You see its so common that this 70 year figure just isn’t relevant. Since the deeper you go the more likely you are to find the heavier stuff.
Monetizing uranium, gold, silver, liquified-coal et al….. ensures the mining industry generally is in good shape decade-in-decade-out since when looking for these needles in the haystack you are going to find everything else of value as well.
We could be having a return to at least as steep a gradient as in the linked diagram.
But note that just as the obstruction took some decades to manifest itself….. so too an end to this evil silly-buggery will take some time to show up in a substantial way world-wide.
However one country ought to be able to get its own output growing steeply very quickly by streamlining the legislation and letting it be known far and wide that such energy-producing companies will be taken out of the tax system.
China for example, the only responsible nation with regards to energy production, has 600-or-so nuclear power projects on the books I think.
(I’ve said a lot of nasty things about the Chinese regime in the past. And they still are doing frightful things. But this is one area where they are outstanding and one must give credit where credit is due. They also deserve immense credit for their continued manufacture of DDT).
“During the 1970s and 1980s rising economic costs (related to vastly extended construction times largely due to regulatory changes and pressure-group litigation)
and falling fossil fuel prices made nuclear power plants then under construction less attractive.”
Evil evil bastards.
Monetizing won’t substantially hurt electricity output even in the medium-term. And will improve it over time since it would get the uranium mining up and running.
“The fuel’s contribution to the overall cost of the electricity produced is relatively small, so even a large fuel price escalation will have relatively little effect on final price.
For instance, typically a doubling of the uranium market price would increase the fuel cost for a light water reactor by 26% AND THE ELECTRICITY COST ABOUT 7%”
ONLY 7% INCREASE IN ELECTRICITY FOR A DOUBLING OF URANIUM PRICES!!!!!!!!!!!!
So monetization is highly desirable for Australia and will help get us a better price for our gear. Plus it would make us the worlds financial centre and allow us to raise capital, denominated in other currencies, far more cheaply.
“Current light water reactors make relatively inefficient use of nuclear fuel, leading to energy waste.
But nuclear reprocessing makes this waste reusable……
….. (EXCEPT IN THE USA, WHERE THIS IS NOT ALLOWED!!!!!!)…..
…… and more efficient reactor designs would allow better use of the available resources (and reduce the amount of waste material).“
Can you believe how wicked and stupid the environmental movement is????
They cut off re-processing of nuclear fuel. Then they use the subsequent build-up of nuclear material….. RIDICULOUSLY CALLED “WASTE” to use as a propaganda vehicle to damn nuclear power. JUST UN-FUCKING-BELIEVABLE.
Even the shenanigans of Hoover and Roosevelt during the depression pale in comparison to this idiocy and vandalism.
Puny-humans are after all just another Chimp-species and we get railroaded into the most punishingly stupid behaviours.
“..As opposed to current light water reactors which use uranium-235 (0.7% of all natural uranium), fast breeder reactors use uranium-238 (99.3% of all natural uranium).
IT HAS BEEN ESTIMATED THAT THERE IS UP TO FIVE BILLION YEARS (also the estimated remaining life of the Sun) WORTH OF URANIUM-238 FOR USE IN THESE POWER PLANTS. “
FIVE BILLION YEARS WORTH OF URANIUM!!!!!!!
Now do you see the criminal unsustainability of and waste of the environmental movement???????!!!!!!!!
To fail to have the symbiotic relationship of nuclear leading the hydrocarbons industry is just criminal in its wastefullness.
In fact hydrocarbons ought to be seen as a sort of ongoing BATTERY STORAGE UNIT for all the energy we ought to be producing from nuclear.
Here they are charging that it is the rest of us that are raping the earth and depleting it of resources and its actually them.
Keep your steelcaps on at all times so if you run into one of these bastards you can kick them in the shins for damaging our carbon paternity.
Our failure to put in nature corridors between private properties aside….. the natural way of capitalism is to IMPROVE THE NATURAL ENVIRONMENT.
Defeating the environmentalist movement is thus as critical to the environment as defeating the socialist movement is critical for the poor.