Thread: Nuclear power and changes

World shook for me while listening to a company report last night It was an earthquake!

Then this morning's run was listening to "Energy Demand" It threw in so many facts why Nuclear Energy is the only possible option.

A few choice bits for those who do not like to listen cut and pasted below.

https://open.spotify.com/episode/4U4...bf8bf9a468479d

“It is a confusion of ideas to suppose that the economical use of fuel is equivalent to diminished consumption. The very contrary is the truth.”
William Stanley Jevons, The Coal Question, 1865
Jevons noticed how improved steam engine efficiency actually led to much greater coal demand. At the time, economists were worried that England was running out of coal. Many argued that improved efficiency would temper demand and forestall a crisis. Jevon dismissed this logic, correctly concluding that improved efficiency would accelerate demand by promoting increased adoption. Jevon’s Paradox was born: improved efficiency increases consumption. The mechanics were two-fold. First, better efficiency encourages more significant use. Secondly, as the same input unit generates more output, economic growth accelerates, increasing overall consumption. Although Jevons’ work dramatically advanced micro- and macroeconomics, the world has abandoned his invaluable lessons entirely. This does not make them any less relevant.
What if the IEA projections have erred and energy demand continues to surge in the coming years? After all, the IEA has a history of being ridiculously pessimistic in its demand forecasts. The agency has underestimated demand in 12 of the past 14 years by an impressive 820,000 b/d on average (excluding COVID-impacted 2020).As we will discover in this essay, the IEA’s flawed methodologies persist.

Link to the Narrators very interesting Blogs

G&R Blog.

Read it and smile. Slides from last night
My thoughts

1. Slide 4 Long-term Supply/Demand Dynamics- Missed one key point. ALL mines decline over time. Kap has proved that itself!
2. Slide 5 2024 (estimate): ~7,000 tU total expected reduction vs. SSUs KAP has missed each year and downrampers who claimed KAP would flood the markets lost this one
3. Slide 6 ISR mining sequence at a deposit- Just gold. CAPEX required year prior to any new production, Decline of existing and new mines shown perfectly with a mere 36-to-48-month life of each site!
4. slide 7 Sulphuric Acid – key ISR component- This is gold plus. Food shortages in any place are bad news. Food demand and governments trying to keep prices under control are factors out side KAPs control . It needs much more to just maintain its exisitng wells. Watch this space
5. Slide 8 FY2023 Operational Highlights - Significant reduction in U308 inventory is clearly due to production shortfalls. Watch this space
6. Slide 10 Uranium Sales Price Sensitivity- Trend is our friend. Facts are clear!
7. slide 13 "Large scale exploration program is expected to be launched aimed at resource replenishment and reserves increase" I bolded the key word. Not we are not we have and not its funded and ready to go
8. Slide 14 Management turnover- Its been huge! Why is clear really

https://www.kazatomprom.kz/storage/1...CallSlides.pdf

Some days I smile a bit and others I smile a lot more
AI is a game changer plus "John Mauldin, publisher ofMauldin Economics: ‘The energy usage from AI is going to be a massive game changer that is not inthe price or even in the narrative today. We will look back in ten years and ask, ‘How did we miss it?’"

Vast swaths of the United States are at risk of running short of power as electricity-hungry data centers and clean-technology factories proliferate around the country, leaving utilities and regulators grasping for credible plans to expand the nation’s creaking power grid.
In Georgia, demand for industrial power is surging to record highs, with the projection of new electricity use for the next decade now 17 times what it was only recently. Arizona Public Service, the largest utility in that state, is also struggling to keep up, projecting it will be out of transmission capacity before the end of the decade absent major upgrades.
Link
This is a megatrend of "nuclear" proportions

"May 2010: NEXTDC was established by one of Australia’s most successful information technology and internet entrepreneurs, Mr Bevan Slattery, to build and operate carrier and vendor neutral data centres in Australia and New Zealand. NEXTDC’s operations consisted solely of the establishment of the Company and the acquisition and development of data centre facilities and the recruitment of a high-performing team."

Have a look from 2010 until now and then consider its ongoing growth and power demands. Our History (nextdc.com)

Australia is a MINOW. Next DC may be one of Australia's biggest power users On its website it notes

"As digital transformation accelerates, technology — particularly the data centre — has become the fastest area of growth for carbon emissions. Globally, data centres account for around 2% of the world’s carbon emissions. With Analysts estimating data centres will consume ~20% of the world’s electricity by 2025, the growth in carbon emissions is only going to get bigger, faster."

Biden on Nuclear. The prior potus was keen on it as well. Office of Nuclear Energy on X: "@POTUS is investing billions in nuclear energy to create jobs across the country and drive down emissions to help meet the nation's climate goals. https://t.co/Yvtqcy7bRd" / X (twitter.com)

Some dayz the future just seems too good to be true

And—building off the unprecedented $2.72 billion in federal funding that Congress recently appropriated at the President’s request—it will jumpstart new enrichment capacity in the United States and send a clear message to industry that we are committed to long-term growth in our nuclear sector.

Silex Technolgy of our Nuclear reactor in Sydney the anti types seem to forget saves thousands of lives every year

Statement From National Security Advisor Jake Sullivan on the Signing of the Prohibiting Russian Uranium Imports Act into Law | The White House

Yes, a substantial proportion of the population owes their lives to medical radioactive isotopes produced at Lucas Heights. Including myself. The difference is I know about it. Most patients accept the treatment without appreciating or caring where these isotopes come from or why they are used in their treatment.