A few more comments:-
Reserves - and this applies to both uranium and coal as well as other minerals such as oil or gas.
The reserve of a mineral is the amount that has been proved to exist using accepted standards and methods of proof. In many cases (e.g. ASX reports) the word "reserve" has specific legal meaning. Since proving the size of reserves is expensive, nobody is going to voluntarily prove reserves further ahead than is needed to get a supply contract or justify the expenditure to start a mine, although sometimes the amount proved turns out to be more than expected. Consequently, reserves rarely extend more than a decade or two into the future, and provide no real indication of how much of the substance is actually there.
In the case of coal, although not reserves, the worldwide quantities known to exist are enormous. A couple of local examples - In the Sydney Basin, several coal seams totalling tens of metres in thickness are known to exist over the entire area bounded by the coast and a line from North of Newcastle west to near Mudgee and then to Lithgow and to Wollongong. In general mining has only taken place along the edge of this, although there used to be a mine at Balmain in Sydney. The majority of Bass Strait is underlain by multiple coal seams with thicknesses in places in excess of 100m. Some of this would be expensive to mine, but to suggest any shortage is ludicrous. The same sort of situation exists in many places round the world. (These data are well established as a byproduct of oil and gas exploration)
As far as uranium reserves go, take the case of Australia - with a two mine policy, who in their right mind would spend money looking for it? Despite this, there are a number of other ore bodies so obvious that the owners want to develop them! So how many other bodies could be found if we really looked?
Wave power:- The problem with wave power is that so far building systems that can live in the open ocean exposed to salt water and severe weather have the problem that they are very expensive, both in money and energy, and are high maintenance - and have a relatively short life.
Hot rock:- This looks promising, but is relatively expensive to develop and seems to be relatively high maintenance.
Solar Voltaic:- Although on the face of it, this is impossibly expensive, I think that there is a real opening for it in the form of home installations supplying power back into the grid. The reason I think it will work, is that there are a lot of people prepared to put their money where their thoughts are with renewable energy, and it has the advantage that money is spent in small amounts, and the power uses the existing grid - and because a lot of the power is generated close to where it is used, it saves on distribution costs.
John
John
JDNSW
1986 110 County 3.9 diesel
1970 2a 109 2.25 petrol
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