Friday, May 25, 2007

So Blair & Brown reckon that nuclear will shield us from peak oil?

Reporton Business: What's the meltdown price for uranium?

A little known fact is, that nuclear, like oil, is peaking, i.e. supply is falling below demand, and total world stocks are are reaching a point of decline. This has a very long term impact on inflation and gives insight into how the world economy as a whole, rather than just sectors like oil, are unsustainable. Governments are still relying on old economic models, which are outdated once the planet's resources become depleted. This inflation problem has the issue of sustainability and environmental limits at its core. It questions those who think that the current period of fiscal tightening will recede by 2009. We all know that house prices can't sustain their current level if interest rates remain high for more than couple of years.

Posted by pr @ 08:04 AM (141 views) Add Comment

2 Comments

1. Lierbag said...

Good to see the global peaking of raw materials making a rare appearance in these forums. The entire world economy runs on the foundation, and continued expectation, of the availability of cheap oil and gas. We're now entering a stage of progressive global decline, in which the UK is a standard bearer. Expect severe hardship ahead . . .

Friday, May 25, 2007 12:59PM Report Comment
 

2. dohousescrashinthewoods said...

Very interestng - very long-term view.
So current energy consumption is based on effectively infinite resources, but we are moving to a time when the limits of those resources are approaching.

Isn't that calle something like "inelastic supply"? Doesn't that cause prices to fly upwards out of control? (I'm not an economist)

Friday, May 25, 2007 01:43PM Report Comment
 

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