Date registered: May 2008
Vehicle: W210.265/2001, W220/S500/2000, Porsche 997 C2S/2006, GMC K1500/1992
Location: DFW, TX
Mentioned: 0 Post(s)
Quoted: 1 Post(s)
Nuclear is the way to go when we do not have cheap oil anymore. Currently, in North America, we have plenty of alternative, coal and natural gas (LNG). But other parts of the world will be concentrated on coal and damn about the Global Warming. Ten years down the road we will have nuclear power for electricity. Nuclear accident will be less a thread when we put more advance engineering into that field. It will take us time to improve nuclear power engineering but that is not the real killer of that technology. The other alternative energies are the hurdle. France is already using recycle fuel rods. When wind, solar and bio are exhausted. Coal and nuclear is the only way to go. But crude has to be at $120 or higher before it worth to invest into the new alternative. No banker in the world will give out loan unless the future guaranteed pay back with more than 30%. Otherwise it will be another sub prime issues in bad loans. Government subsidy will only dry up quick if no private sector support. The banker who loan out alternative energy in last 6 months, their loan portfolio is zero when crude come down from 140 to 70. If you are banker, it will be better for you to buy T bill and guaranteed 5%.
500SEC 1984 retired at 192K
Porsche 928S GT 1984 (euro) retired at 243K