Monday, June 27, 2011
The PhosEnergy process, however, can deliver low operating costs estimated at $20-25 per pound U3O8 and uranium recoveries estimated at 92% with improved environmental outcomes and reduced waste, the company claims.
The important thing about this is not that we are not going to run out of uranium - that was never on the cards because we know how to get enough for 5 billion years from seawater. And beyond that there is 4 times as much thorium.
No - the reason why it is important because it is yet another instance of Julian Simon being proven right and the Hucksters of Doom wrong. Human technological progress is increasing almost all our important commodity resources faster than we use them up.Virtually every ecofascist scare story, over the last 50 years, since the DDT and nuclear no threshold ones, have been proven to be merely the non-existent hobgoblins produced by those in power or after our money to keep us scared and obedient.
Any time these parasites threaten us, or anybody, they should be considered lying until conclusively proven otherwise. Call it the Precautionary Principle.