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How high are gas prices going to go?


daniel812

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How much longer must we put up with this silliness of adding ethanol to gasoline? Energywise it's a net negative. It actually INCREASES the so-called Carbon footprint. Basically, it's a political sop to the midwestern corn growers where there are votes to be had.

Let's for a moment consider what this is doing to the price of agricultural goods. It's all well and good to think us U.S. of A. citizens can withstand the associated price hikes, but others around the world depend on U.S. wheat exports. Suddenly, those exports have been curtailed and have increased in price. Our neighbors to the south of us have found that their staple tortillas have now tripled in price. They can't be happy about that.

While Big Government is always at your service, you must never forget it is also always at your wallet, often in a counter productive fashion.

Regards,

Warren

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises

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If gas gets to $7 or $8 per gallon this country is in for trouble. That will affect the price of everything. Lots of people will be working just to pay for the gas to get there. The ramification are far reaching and not good.

This country is already in trouble. We are already in a recession and might be heading into a depression though it might not be a nation wide depression. If you want to check out a news source that keeps track of business and money all across the planet, check out the stories here: http://www.xe.com/news/home.htm?categoryId=1

I must respectfully disagree with you. We are NOT currently in a technical recession, although we are headed in that direction. Fed interest rates are known to take about two quarters to affect the economy. Talk of a depression is simply fear mongering.

Regards,

Warren

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises

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If gas gets to $7 or $8 per gallon this country is in for trouble. That will affect the price of everything. Lots of people will be working just to pay for the gas to get there. The ramification are far reaching and not good.

This country is already in trouble. We are already in a recession and might be heading into a depression though it might not be a nation wide depression. If you want to check out a news source that keeps track of business and money all across the planet, check out the stories here: http://www.xe.com/news/home.htm?categoryId=1

I must respectfully disagree with you. We are NOT currently in a technical recession, although we are headed in that direction. Fed interest rates are known to take about two quarters to affect the economy. Talk of a depression is simply fear mongering.

Regards,

Warren

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises

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How much longer must we put up with this silliness of adding ethanol to gasoline? Energywise it's a net negative. It actually INCREASES the so-called Carbon footprint. Basically, it's a political sop to the midwestern corn growers where there are votes to be had.

Let's for a moment consider what this is doing to the price of agricultural goods. It's all well and good to think us U.S. of A. citizens can withstand the associated price hikes, but others around the world depend on U.S. wheat exports. Suddenly, those exports have been curtailed and have increased in price. Our neighbors to the south of us have found that their staple tortillas have now tripled in price. They can't be happy about that.

While Big Government is always at your service, you must never forget it is also always at your wallet, often in a counter productive fashion.

Regards,

Warren

Ethanol is a waste, so is hydrogen. Hybrid cars are also a scam. Diesel is a good option as well as the electric car assuming we start to get smart in this country and start building nuclear reactors. After the oil embargo of the 1970's, Japan started building nuclear reactors. They now have 53 working reactors in a country roughly the size of California and about 6 more reactors are being built as we speak. Japan has also figured out how to recycle the nuclear waste which reduces the amount of nuclear waste to near zero. Since we are no longer building power stations (we have nothing to run the stations with) and our grid is now nearly 100% capacity, we can't grow any further economically. When the economy stalls, depression hits. Read up on the business news at that site I posted above. It's depressing but not very surprising.

If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans.

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Oil jumps by over two dollars to set new record high of 107.77 usd

2008-03-10 16:54 UTC (GMT)

LONDON (Thomson Financial) - Oil reversed earlier losses, jumping by over two dollars to set a fresh record high approaching 108 usd in New York as a weak dollar and unimpressive equities encouraged a fresh round of fund money into commodities.

At 4.34 pm, New York's WTI crude for April delivery was up 2.35 usd at 107.50 usd per barrel. Earlier, WTI hit an all-time high of 107.77 usd per barrel.

In London, Brent crude for April delivery was up 1.75 usd at 104.12 usd per barrel.

While US demand projections are weakening as the world's largest consumer of oil teeters on the brink of recession, crude markets have surged to a series of record highs above 100 usd in recent weeks.

Speculative buyers have poured into commodities in reaction to tumbling equity markets and US dollar weakness, with tangible assets seen as a safer bet by some financial players during the ongoing economic turmoil. A weaker dollar also makes commodities priced in the US currency cheaper for overseas investors.

However with US employment figures showing steep declines on Friday, and speculative investors keen to lock in profits, recent gains could be vulnerable.

'The disconnect between slowing US growth and a soaring commodity/energy complex has truly been quite remarkable,' said MF Global analyst Ed Meir. 'Friday's surprisingly large drop in February non-farm payrolls was the latest evidence of a rapidly weakening US economy, as jobs retrenched by 63,000 on the month.'

While financial speculation has been seen as one of the key reasons for oil's recent gains, many investors still view the market as well enough supported by the traditional drivers of supply and demand to justify a move higher.

'Tight fundamentals remain the dominant force underpinning prices in our view, with the combination of disappointing non-OPEC production, solid non-OECD demand and defensive OPEC output policy all exerting upward pressure on prices,' said Kevin Norrish at Barclays Capital, adding that Chinese crude imports increased by 14 pct year-on-year in February to hit 3.6 mln bpd.

The head of the International Energy Agency, Nobuo Tanaka also told Reuters today that global oil demand is holding up despite prices above 100 usd, though he expressed concern about the long-term impact on the global economy.

The OPEC oil producer's cartel decided against upping production quotas last week, despite calls from consumer nations led by the United States for more oil in the market to help cool prices. The dollar's decline has hit producer revenues hard, leading the organisation -- which is responsible for almost 40 pct of global supplies -- to adopt a more cautious approach.

OPEC has consistently blamed the dollar's weakness combined with increased financial speculation for oil's steep gains, arguing that the market is well supplied with crude.

While US crude inventories have been rising heading into the second quarter, where demand is seasonally lower, some market watchers believe booming demand in developing nations could soon outstrip supplies. Some investors suggest recent price increases are justified, as long dated future contracts -- for delivery much further down the line -- have also pushed above 100 usd.

If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans.

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Silver is currently at $19.70 ozt, Gold is at $974.60 ozt. Platinum and Rhodium bugged my eyes out. Platinum went from $1,000.0o ozt to $2,051.00 ozt in ONE WEEK and Rhodium went from around $5,000.00 ozt up to $9,335.00 ozt in about two weeks. When the commodities go up, it's a sure sign that the dollar is taking a dump.

There's a push now for oil to be sold in the Euro, removing the dollar as the standard. That means the price of oil would be at least 60% higher for the USA, literally overnight. :wipetears

If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans.

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Ethanol is a waste, so is hydrogen. Hybrid cars are also a scam. Diesel is a good option as well as the electric car assuming we start to get smart in this country and start building nuclear reactors. After the oil embargo of the 1970's, Japan started building nuclear reactors. They now have 53 working reactors in a country roughly the size of California and about 6 more reactors are being built as we speak. Japan has also figured out how to recycle the nuclear waste which reduces the amount of nuclear waste to near zero. Since we are no longer building power nstations (we have nothing to run the stations with) and our grid is now nearly 100% capacity, we can't grow any further economically. When the economy stalls, depression hits. Read up on the business news at that site I posted above. It's depressing but not very surprising.

I can't find much argument with you there. Ethanol, hydrogen, hybrids . . . all scams in large part. There's some hope for hybrids in the short term however.

Just the same, I'm keenly interested in how the Japanese have managed to reduce nuclear waste to near zero. Perhaps you might explain?

Regards,

Warren

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises

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Ethanol is a waste, so is hydrogen. Hybrid cars are also a scam. Diesel is a good option as well as the electric car assuming we start to get smart in this country and start building nuclear reactors. After the oil embargo of the 1970's, Japan started building nuclear reactors. They now have 53 working reactors in a country roughly the size of California and about 6 more reactors are being built as we speak. Japan has also figured out how to recycle the nuclear waste which reduces the amount of nuclear waste to near zero. Since we are no longer building power nstations (we have nothing to run the stations with) and our grid is now nearly 100% capacity, we can't grow any further economically. When the economy stalls, depression hits. Read up on the business news at that site I posted above. It's depressing but not very surprising.

I can't find much argument with you there. Ethanol, hydrogen, hybrids . . . all scams in large part. There's some hope for hybrids in the short term however.

Just the same, I'm keenly interested in how the Japanese have managed to reduce nuclear waste to near zero. Perhaps you might explain?

Regards,

Warren

About Japan's nuclear fuel cycle...

The benefits of nuclear power generation can be further expanded upon through effective nuclear fuel policies. This is why Japan's electric utilities are actively pursuing a "closed" nuclear fuel cycle, of which one key feature is the utilization of mixed oxide (MOX) fuel in commercial nuclear reactors.

Spent nuclear fuel is what you get after irradiating uranium in a nuclear reactor. In Japan, this spent fuel is considered a valuable asset, because it contains both plutonium and unused uranium. A "closed" nuclear fuel cycle means that spent fuel is reprocessed. Reprocessing is a chemical process that recovers plutonium and re-usable uranium from spent fuel and separates radioactive wastes into more manageable forms. Once recovered, the plutonium is ready to be re-introduced into the nuclear fuel cycle in the form known MOX fuel.

Thus, a "closed" nuclear fuel cycle offers even more advantages to resource-poor Japan, including the conservation of valuable plutonium and uranium, the reduction of high-level radioactive wastes, and the establishment of nuclear power as a "semi-domestic energy source," which again helps to increase long-term energy security.

To learn much more about Japan's nuclear power program and Japan's electric utility industry, please feel free to browse through our many informative pages.

http://www.japannuclear.com/nuclearpower/nuclearpower.html

http://www.japannuclear.com is the homepage.

Why the heck didn't we go nuclear starting in the 1970s???

If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans.

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I might also add that Japan and the USA are now involved in a joint venture of sorts regarding this closed loop of nuclear fuel "recycling". I think it's a fabulous idea and properly managed it will give the USA the abundant power it needs for economic growth. (pictures herself flying down a road in her electric car)... :lol:

If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans.

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There's a push now for oil to be sold in the Euro, removing the dollar as the standard. That means the price of oil would be at least 60% higher for the USA, literally overnight. :wipetears

NOPE!

It would mean Euro denominated oil would be traded in already reduced exchange traded dollars. The price would remain the same in U.S. dollars plus or minus daily fluctuations. Don't panic.

Regards,

Warren

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises

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Why the heck didn't we go nuclear starting in the 1970s???

Obviously you've forgotten the 1960s. It's nice of you to be so young! ;)

Regards,

Warren

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises

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Why the heck didn't we go nuclear starting in the 1970s???

Obviously you've forgotten the 1960s. It's nice of you to be so young! ;)

Regards,

Warren

The 1970's was a wake up call for the USA during the oil embargo but it seems no one woke up. What a shame that we didn't build hundreds of reactors around the country.

(I was born in '57).... :rolleyes:

If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans.

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About Japan's nuclear fuel cycle...

The benefits of nuclear power generation can be further expanded upon through effective nuclear fuel policies. This is why Japan's electric utilities are actively pursuing a "closed" nuclear fuel cycle, of which one key feature is the utilization of mixed oxide (MOX) fuel in commercial nuclear reactors.

Spent nuclear fuel is what you get after irradiating uranium in a nuclear reactor. In Japan, this spent fuel is considered a valuable asset, because it contains both plutonium and unused uranium. A "closed" nuclear fuel cycle means that spent fuel is reprocessed. Reprocessing is a chemical process that recovers plutonium and re-usable uranium from spent fuel and separates radioactive wastes into more manageable forms. Once recovered, the plutonium is ready to be re-introduced into the nuclear fuel cycle in the form known MOX fuel.

Thus, a "closed" nuclear fuel cycle offers even more advantages to resource-poor Japan, including the conservation of valuable plutonium and uranium, the reduction of high-level radioactive wastes, and the establishment of nuclear power as a "semi-domestic energy source," which again helps to increase long-term energy security.

To learn much more about Japan's nuclear power program and Japan's electric utility industry, please feel free to browse through our many informative pages.

http://www.japannuclear.com/nuclearpower/nuclearpower.html

http://www.japannuclear.com is the homepage.

Why the heck didn't we go nuclear starting in the 1970s???

OKAY, I looked around that recommended website. I wasn't able to find the part about "near zero" nuclear waste.

Here in the U.S. we look towards the day we might hide some fission byproducts in the Nevada desert. The "recklessness" of this is the most potent argument of those that oppose nuclear energy. Their claim is that these materials will remain hazardous for 10,000+ years.

I would make a different claim: Sometime before those 10,000 years pass we will have learned how to make those waste products benign.

Regards,

Warren

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises

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Why the heck didn't we go nuclear starting in the 1970s???

Three Mile Island

Nuclear is still the best way to go. Accidents sometimes happen. Grain silos explode, oil tankers run aground, $hit happens sometimes.

If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans.

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About Japan's nuclear fuel cycle...

The benefits of nuclear power generation can be further expanded upon through effective nuclear fuel policies. This is why Japan's electric utilities are actively pursuing a "closed" nuclear fuel cycle, of which one key feature is the utilization of mixed oxide (MOX) fuel in commercial nuclear reactors.

Spent nuclear fuel is what you get after irradiating uranium in a nuclear reactor. In Japan, this spent fuel is considered a valuable asset, because it contains both plutonium and unused uranium. A "closed" nuclear fuel cycle means that spent fuel is reprocessed. Reprocessing is a chemical process that recovers plutonium and re-usable uranium from spent fuel and separates radioactive wastes into more manageable forms. Once recovered, the plutonium is ready to be re-introduced into the nuclear fuel cycle in the form known MOX fuel.

Thus, a "closed" nuclear fuel cycle offers even more advantages to resource-poor Japan, including the conservation of valuable plutonium and uranium, the reduction of high-level radioactive wastes, and the establishment of nuclear power as a "semi-domestic energy source," which again helps to increase long-term energy security.

To learn much more about Japan's nuclear power program and Japan's electric utility industry, please feel free to browse through our many informative pages.

<a href="http://www.japannuclear.com/nuclearpower/nuclearpower.html" target="_blank">http://www.japannuclear.com/nuclearpower/nuclearpower.html</a>

<a href="http://www.japannuclear.com" target="_blank">http://www.japannuclear.com</a> is the homepage.

Why the heck didn't we go nuclear starting in the 1970s???

OKAY, I looked around that recommended website. I wasn't able to find the part about "near zero" nuclear waste.

Here in the U.S. we look towards the day we might hide some fission byproducts in the Nevada desert. The "recklessness" of this is the most potent argument of those that oppose nuclear energy. Their claim is that these materials will remain hazardous for 10,000+ years.

I would make a different claim: Sometime before those 10,000 years pass we will have learned how to make those waste products benign.

Regards,

Warren

"Near Zero" simply means, it's a closed loop system of recycling the nuclear waste, making it usable again. They are doing it in Japan, and very successfully too.

If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans.

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The 1970's was a wake up call for the USA during the oil embargo but it seems no one woke up. What a shame that we didn't build hundreds of reactors around the country....
A major factor in the nuclear electricity power generation equation was the EPA, and other Federal, State, and local regulatory agencies' caution in the face of media fear-mongering fallout from the March, 1979, incident at Three Mile Island (Middletown, PA).

Reactors have been built since 1979, but the regulatory costs (permits, otherwise known as taxes) of dancing through three or more layers of government are prohibitive. Many nuclear projects have been proposed and shelved simply because the ROI pay-back takes 30 years instead of 10 years. In a profit-driven society, that is not a wise course.

Jim

Drive your car.

Use your cell phone.

CHOOSE ONE !

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The 1970's was a wake up call for the USA during the oil embargo but it seems no one woke up. What a shame that we didn't build hundreds of reactors around the country....
A major factor in the nuclear electricity power generation equation was the EPA, and other Federal, State, and local regulatory agencies' caution in the face of media fear-mongering fallout from the March, 1979, incident at Three Mile Island (Middletown, PA).

Reactors have been built since 1979, but the regulatory costs (permits, otherwise known as taxes) of dancing through three or more layers of government are prohibitive. Many nuclear projects have been proposed and shelved simply because the ROI pay-back takes 30 years instead of 10 years. In a profit-driven society, that is not a wise course.

So while Japan can light up all those beautiful signs in Tokyo and everyone has electricity and they can produce cars faster and cheaper than we can, we're still stuck dependent on stinky, polluting fossil fuel and methane. Maybe we can run power lines from Japan? :huh:

If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans.

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....Maybe we can run power lines from Japan? :huh:da
From Canada or Europe would be easier/less expensive.

Just get it done before Ralph Nader - Jimmy Carter - EPA - HHS figures out what you are doing!

Jim

Drive your car.

Use your cell phone.

CHOOSE ONE !

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Why the heck didn't we go nuclear starting in the 1970s???

Three Mile Island

Nuclear is still the best way to go. Accidents sometimes happen. Grain silos explode, oil tankers run aground, $hit happens sometimes.

I agree, but that is probably the biggest factor. We will wake up when it becomes a crisis.

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"Near Zero" simply means, it's a closed loop system of recycling the nuclear waste, making it usable again. They are doing it in Japan, and very successfully too.

Regretfully I remain unclear on this. Mom always said there wasn't much point in being Irish if you couldn't be thick headed. My uncle said that about the Dutch. ;)

I'm familiar with the engineering terms, but what EXACTLY are the Japanese doing that doesn't require them having some sort of waste? Why is it that we have hundreds of tons of the crap we'd like to sleigh ride to Nevada, but can't?

If the waste problem has been solved why haven't I read about it in Time Magazine?

It's nearly as important as the cure for baldness; I'd have read about it !?!

Regards,

Warren

EDIT: Was I OT? Oops, sorry.

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises

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"Near Zero" simply means, it's a closed loop system of recycling the nuclear waste, making it usable again. They are doing it in Japan, and very successfully too.

Regretfully I remain unclear on this. Mom always said there wasn't much point in being Irish if you couldn't be thick headed. My uncle said that about the Dutch. ;)

I'm familiar with the engineering terms, but what EXACTLY are the Japanese doing that doesn't require them having some sort of waste? Why is it that we have hundreds of tons of the crap we'd like to sleigh ride to Nevada, but can't?

If the waste problem has been solved why haven't I read about it in Time Magazine?

It's nearly as important as the cure for baldness; I'd have read about it!

Regards,

Warren

EDIT: Was I OT? Oops, sorry.

There was a "press release": http://www.jnfl.co.jp/english/press_releas...20070329-1.html

(In Japan)

If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans.

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If you really want to make people safe drivers again then simply remove all the safety features from cars. No more seat belts, ABS brakes, traction control, air bags or stability control. No more anything. You'll see how quickly people will slow down and once again learn to drive like "normal" humans.

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QUOTE:

"BWXT currently has a contract with the DOE at its Lynchburg Technology Center where it has demonstrated that spent nuclear fuel can be temporarily stored, transferred and repackaged safely and securely."

Okay, they can safely store it (temporarily, and apparently, in the U.S.). I'm still looking for that "near zero" waste thing. Can't find it. <_< Open loop Marika, not a closed one.

Regards,

Warren

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There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved. - Ludwig von Mises

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Why the heck didn't we go nuclear starting in the 1970s???

Three Mile Island

Nuclear is still the best way to go. Accidents sometimes happen. Grain silos explode, oil tankers run aground, $hit happens sometimes.

I agree, but that is probably the biggest factor. We will wake up when it becomes a crisis.

I doubt it. We still got plenty of coal in this country, and a heck of a lot more coal company and coal producing states and their lobby's than the uranium companies and states do. I worked for TVA in the 1970's and 80's and they had a big nuke program going. And after a lot of political wrangling, decided that they were overbuiding, that the area served would never need all the power that they were going to be capable of producing. After the cutback, I found it somewhat bittersweet that during the next winter TVA had local TV stations running PSA's requesting consumer's to turn their thermostats down, and turn off any lights and appliances they could, because due to the high demand, the system was near overload. This country is RUN on GREED, and there is an endless supply of that commodity.

Dave

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