We have to go into all of them.? And of course, now they?re predicting two nuclear reactors every year for the next ten years. Who knows? Maybe five years from now, that will be four reactors every year. Perhaps when we all realize the extent of the energy shortage.Interviewer:How is this going to be sold to North America and Europe in the wake of Three Mile Island and Chernobyl?Eric Sprott:The way things might change is now that we have $50 oil, and the price is almost going up in an unlimited fashion. Now that we?ve got coal at double and uranium that?s gone up, people might finally realize there is not an infinite supply of certain things that we rely on. And that we might have to take a more pragmatic view of the nuclear option. Im sure that is exactly what certain countries, including Japan, China and France, have done. The other thing is that there is a new reactor where you can?t have a meltdown. I?m not technically strong enough to explain it. The uranium is in graphite spheres, and they won?t melt down unless temperatures reach 2000 degrees. The highest it ever goes to is 1600 degrees so it?s just not going to melt down. It doesn?t matter if things are out of control. They won?t break down. If that kind of assurance were accepted by the public ? if someone could prove that that was the case ? I think the nuclear option would be an incredibly viable option. Another thing that would make people think differently would be having brownouts for a while, or hyperinflation because of the shortage of coal, natural gas, and diesel fuel. If we had brownouts for a while, and of course they have brownouts in China, which is probably why they are proactive in moving nuclear along.Interviewer:How realistic is the global energy crisis moving toward a Hubbert?s Peak, an energy scenario from the year 1970?Eric Sprott:My view is that it seems very realistic. I think it is very important that we do go back to 1970. Look at the fact that Hubbert said in 1956 that 1970 will forever peak out (in terms of energy production). Lo and behold, it peaked out! It almost goes down every week in the United States. https://www.screw-barrel.net/product/conical-twin-screw-barrel/
