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The Ultimate Alternative Energy

Guest post by: Michael Farrell

Article Overview: We have no energy shortage, suggests Mike Farrell with aspenIbiz. Read this short post to obtain some background about efforts underway in next generation nuclear power generation that could generate alternative wealth generation opportunities.

The Ultimate Alternative Energy

Contrary to the common belief, we have no energy shortage.

In fact, we have more energy available than we could ever use.

If not for the anti-nuclear movement, the funders of terrorism would not be awash with petrodollars and, our economy would be significantly stronger.

Unfortunately, rock musicians, movie stars, and the entertainment industry have more influence on energy policies than scientists like Petr Beckmann.

Dr. Beckmann was a Czech refugee from Nazism who spent much of his career in America promoting nuclear power. Until he died in 1993, Beckman was treated as some sort of demon by the environmental movement; however that is no longer the situation.

Today, even green leaders are admitting the folly of rejecting this cheap, clean, and safe (when rationally compared with other energy sources) technology. If there were justice, Beckman would have statues erected in his honor.

The green turnaround on nuclear power is particularly relevant now. President Obama has several top officials, and a science advisor, that could have a significant impact on energy policy.

From the perspective of alternative wealth creation, what does this mean? Among other things, it could rapidly accelerate the transition from the current generation, to the next generation, of nuclear power plants.

Nuclear power as we know it today is obsolete. Current light water reactors use uranium-235. This fuel is not only expensive but its by-products create problems. The by-products are difficult to handle and can be used to create nuclear weapons.

Those byproducts are, ironically, the reason we initially adopted uranium-235. America needed the materials for nuclear weapons. Power plants using uranium-235 provided them. Regulators naturally favored the technology despite the fact that there were superior fuels, especially thorium.

Thorium is not only far more abundant than uranium-235 but thorium reactors do not produce waste materials useful in nuclear weapons. In fact, the waste is far less hazardous and it is much cheaper to deal with waste materials from thorium reactors. Thorium reactors are safer in general to operate, producing little radioactive threat outside their shielding. They cannot, in fact, experience a catastrophic meltdown.

This is a much bigger deal than it appears on the surface. Fuel costs, though much lower for thorium, don't play much of a role in total nuclear power costs. In a book, The Nuclear Energy Option, there are highlights that safety measures, to counter meltdowns, account for about 75% of current plant costs. As thorium plants can't melt down, energy costs would be significantly lower.

Additionally, thorium reactors can be almost any size. Prototypes have been made small enough for military aircraft. This makes them economically viable in developing countries without the additional cost of large-scale electrical infrastructure. Thorium reactors would be easier to sell internationally because they cannot be used to manufacture nuclear weapons.

The shift to thorium would facilitate economic, environmental, and nonproliferation causes. So why are we still building plants that burn uranium-235? This is one of the hazards of government involvement in science. Once grants and regulatory attitudes that favor a technology are in place, these grants and attitudes become huge barriers to competing alternatives.

A free market would favor thorium over uranium, anyway, for the reasons mentioned above.

There is one potential wrench in the works; it is nuclear fusion and it could change everything. The fuel for fusion is essentially free so the cost of power generation is a matter of capital costs and maintenance.

It appears that early research has identified more promising and cheaper fusion technologies than those favored by various government research efforts. Again, this an example of the unintended consequence of government involvement in science.

I trust this post has provide some background and evidence that powerful efforts are underway with breakthrough technology for next-generation nuclear power generation. These activities will soon provide alternative wealth creating opportunities and our economy will be significantly stronger.

In closing, I favor a quote from Steve Forbes. Forbes says that pursuing additional financial education and the resulting increase in our financial literacy (including the investment potential of breakthrough technology) will open our eyes to alternative wealth creating strategies and this will be the key to resolving our global financial crisis.

To gain the necessary financial education, it is best to obtain association with, access to, and membership in a wealth creation community. As a result, you will learn and have the knowledge to use alternative wealth creating strategies such as Bank on Yourself, debt reduction, and asset protection. You will be exposed to wealth acceleration investments in areas (discussed in this and previous blog posts) such as nuclear power generation, commercial space ventures, Carrier Ethernet technologies, nanotech lithography, robotics, nano-based next-generation battery technology, precious metals, water rights, oil, natural gas, potash mines, food commodities, and gold mines. You will have the knowledge to consider investments in energy assets that are inherently useful like oil rigs, hydropower, or methanol plants; things that are hard to build, difficult to replace, and costly to substitute; definitely not financial stocks, definitely not retail stocks, definitely not commercial property.

Another benefit of membership in a wealth creation community is exposure to entrepreneurial leadership and business opportunities. Many of these leaders suggest that if you don't focus on being a digital entrepreneur, self-employed, or a small business owner, it will be very tough road in the months and years ahead; actually it will be an uphill battle. As a result, the innovative wealth creation communities provide education and training on B2B, and B2C, eCommerce enabling a new breed of professionals that are creating six figure second incomes.

It is wise to monitor breakthrough technology as there are truly exciting developments afoot in the field of nuclear power generation and related business activities. I will continue to monitor developments and provide updates in future articles and at my blog over the next few weeks.

Finally, I want to thank Greg Guenthner of Agora Financial as he was the source of some of the materials about the technology advancements mentioned in this post.

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Article Tags: B2B B2C eCommerce, Breakthrough Technology, Deloitte Big 4, Digital Entrepreneur, Financial Education, Innovation, Mike Farrell aspenIbiz, Second Income



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