Sunday, February 05, 2006
China Leaps Forward... on nuclear power
This Newsweek article talks about China's nuclear power plant building spree.
China developed a method of wrapping the uranium fuel in layers of silicon carbide, ceramic material, and graphite, which makes it physically impossible for the reactor to explode or melt down.
She went on to explain how the design requires only a fraction of the control-room staff a more conventional reactor would need. Snead, apparently impressed, exclaimed that this newfangled Chinese technology may be the key to assuaging the nuclear fears of Americans. He wants to go back and sell the idea to Texas A&M University or another school willing to back a research center. "I think the Americans will be buying nuclear plants from China within five years," he said.This technology originated in Germany decades ago, but the US never got the chance to pursue it because we halted nuclear power development a long time ago.
In the past few years, Beijing has embarked on the boldest nuclear-energy plan since the one orchestrated by the United States in the 1970s. Chinese leaders recognize that their reliance on fossil fuels—about 80 percent of China's energy comes from coal—is unsustainable. Nuclear power has thus become an essential part of their plan to prevent an energy and environmental crisis. China intends to increase its output of nuclear power at least fourfold by 2020, from 8,700 to 36,000 megawatts. That will require building up to three reactors a year until then.I guess I was wrong when I claimed they were going to build 2 reactors per year.
Someone else asked me about that in this post
and I guess my response was a bit too cryptic.
I literally hired unskilled workers (well, at least unskilled at investing) at low wages and we sifted through the entire list of stocks one-by-one. It was a painstaking process that took over half a year. Technically, I still have quite a bit left to do, but the effort is clearly winding down. But I'll continue doing stuff: following companies, adding more companies to the list, looking at other small cap companies, etc.