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Is this peak energy crisis?

Sent this out back in July and wanted to follow up ๐Ÿ‘‡


Sooner or later, weโ€™re going nuclear
Nuclear fusion is now more of an engineering + business problem than a science problem Emerging Markets vulnerable? Whatโ€™s SNAPening?

We've been on the nuclear bandwagon since February 2019 when David wrote:


Everyone is aware of the electric car revolution, and the focus so far has been on investors looking at firms that produce cobalt for batteries in the main...
But few have looked at the wider picture...
If we do eventually have most cars running on electricity, we would need more electricity...
So if we rely on traditional fuel sources such as coal, what is the point of making cars electric whilst other forms of producing electricity to allow them to run offset the low carbon aspect?
And let's face is, most renewable resources are not going to be able to run millions upon millions of cars...
Nuclear certainly does have that power (ha).
Above I posted a chart of URA, but I believe that's only open to professional investors since they do not have a key information document so many of you will not have access to it.
So let's look at another option or two to be able to get into this market.
Cameco Corp are the world's largest uranium mining firm.

A high confidence idea that took a LOT of patience... ๐Ÿ‘‡



Yes, there's a hard and expensive winter ahead, but this recent energy crisis could be a blessing in disguise.

See, it's undeniable now. There's no net-zero without nuclear.

Over in Japan, they're cranking up the reactors again with minister Koichi Haguida saying:


"I would like to promote the maximum adoption of renewable energy, thorough energy conservation and the restart of nuclear power plants with the highest priority on safety,"

Japan eyes renewables, nuclear restart in race for 2030 climate goal
Japan aims to expand renewable energy as much as possible and restart nuclear power plants whose safety has been confirmed, its new industry minister said on Tuesday, to meet a 2030 target of a 46% cut in greenhouse gas (GHG) emissions from 2013 levels.

In the UK, they're all-in too ๐Ÿ‘‡


โ€œThe more I look at this, I think nuclear has to be part of the solution,โ€ Business Secretary Kwasi Kwarteng said. โ€œWhat we need to do in this country is have a cheap, affordable system, something thatโ€™s sustainable, and something which we can rely on ourselves, which protects us from the vagaries of international price movements.โ€

Boris Johnson Plans Fossil Fuel-Free U.K. Power Grid by 2035
The U.K. will reserve a key role for nuclear power in the nationโ€™s electricity system as a backup for renewables in a plan to phase out natural gas by 2035.

The EU's over-reliance on gas exporters such as Russia is a clear vulnerability, both in energy and geopolitical terms.


According to France's Le Maire, the EU should follow the French way, where nuclear energy accounts for a large part of the market.
โ€œThanks to the French model we have more independence,โ€ he said, โ€œand this is key: to be independent.โ€

France pushing to strengthen EUโ€™s energy independence as gas prices soar
The EU receives most of its natural gas supplies from Russia. In 2020, Moscow accounted for 43.4% of the EUโ€™s natural gas stock.

Not sure if anyone has told Le Maire about France's plans to shut down 12 nuclear reactors by 2035, and reduce the reliance on nuclear for electricity from 70% to 35% by 2035. ๐Ÿ˜ฌ

EDF CEO Jean-Bernard Levy has urged the EU to get their act together and revamp energy market rules and financing.

China are developing nuclear too... ๐Ÿ‘‡


China taking the nuclear option in its drive towards carbon neutrality
Facing growing energy demand but needing to slash its reliance on coal, the country has rapidly expanded its nuclear capacity.

And they're even experimenting with a Thorium reactor ๐Ÿ‘‡


China prepares to test thorium-fuelled nuclear reactor
If Chinaโ€™s experimental reactor is a success it could lead to commercialization and help the nation meet its climate goals.

Rolls Royce are reportedly in talks with US tech giants including Amazon to power their immense data centres with independent small modular reactors ๐Ÿ‘‡


Rolls-Royce in talks with US tech giants over mini nuclear plants
Rolls-Royce is leading a project to build flat-pack plants, called small modular reactors. The UK Government is planning to roll out a fleet of more than a dozen that could be up and running by the 2030s.

Nuclear will be a big part of the clean energy solution alongside renewables, and hydrogen could potentially play a part too.

Please tell the 'irresponsible crusties' so they can find a different cause.

WAGMI


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Tin foil hat time!


BBG

Pfffft Experts!

The basic rub of this story is that PCR tests were being purchased in abnormal quantities way before anyone had even heard of Covid...



Interesting timing, and it will definitely fan the flames started by the Harvard Satellite Study ๐Ÿ‘‡


China, scientists dismiss Harvard study suggesting COVID-19 was spreading in Wuhan in August
Beijing dismissed as โ€œridiculousโ€ a Harvard Medical School study of hospital traffic and search engine data that suggested the new coronavirus may already have been spreading in China last August, and scientists said it offered no convincing evidence of when the outbreak...

David Robinson, Internet 2.0โ€™s co-chief executive officer and the lead researcher on the paper, said:


โ€œThis data does not support any origins conclusions on Covid-19 but in the future some part of this data might support an origins finding,โ€
โ€œNor does this report identify a specific point in time where a pandemic emerged. The fact China has gone to great lengths to ensure conclusive evidence is unobtainable means unfortunately we may have to rely on third-party data points.โ€

We'll never know with any certainty what happened though.

All of this is easily explained away, and unless someone leaks official CCP or PLA documents stating that Covid was developed as a biological weapon, it won't ever matter.

There's a bucketload of circumstantial evidence, including this ๐Ÿ‘‡



...but not much else. FWIW, I still think the most likely explanation is that someone in a Wuhan lab forgot to close a door or change their clothes.


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Will Powell be replaced?



He was odds-on favourite until the insider-trading storm, and Warren wants his head too.

Will Democrats look to install 'one of their own' as Fed chair?

I've dropped from confident he'll be reconfirmed to 50/50.

Others think he's already done... ๐Ÿ‘‡


Jerome Powell is Finished
โ€œThe elephant in the room is whether youโ€™re going to be renominated. Renominating you means gambling that, for the next five years, a Republican majority at the Federal Reserve, with a Republican chair who has regularly voted to deregulate Wall Street, wonโ€™t drive this economy over a financial cliffโ€ฆ

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