candooman

Why I'm Bullish On Coal Stocks

Further to thomas Blakeslee's comments, the world has to start shifting to nuclear power. It is the only means to convert hydrocarbon based power plants big time without producing CO2. Solar and Wind power will provide only a small percentage of the world's electric power needs. To quickly arrest the steep growth of CO2 generation and global warming, we need to replace all fossil fuel electric power plants with nuclear. One of the fastest ways of conversion to nuclear is to substitute pebble bed reactors for coal fired plants; their generators can be reused. This will happen, the world has no choice. Coal's will only be good for small application like producing liquid fuel for aviation applications and emergency power. Commuter cars will be electric plug-in types (electric power provided from nuclear plants) to further reduce CO2. Coal, oil and gas value will decline. So will the power of the Middle East, to their pre-OPEC status. Hopefully, so too will terrorist activities. With greatly deminished need for oil, our involvement with the MIddle East will decline.
Nuclear, with fuel recycling, will last longer than oil. The Nevada nuclear waste site will not be needed. New nuclear technologies will make our nuclear fuel last forever. The world has an abundance of uranium and thorium and most deposits are located in countries with stable and peaceful populations - US, Canada, Austalia, India. Long term investments are in uranium and nuclear power industries.