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« Putin Signs Nuclear Energy Deal With Argentina | Main | Computer Modeling Depends upon the Input – UN Global Warming Model DEAD Wrong for 18 Years! »
Thursday
Jul102014

Want energy independence? Keep the nuclear option and limit exports

Chart courtesy of u308.biz

Whether or not you follow the energy markets, it’s very likely you’ve heard the phrase “U.S. energy independence” at one time or another in recent years. Yet the very notion that the United States can be completely self-sufficient when it comes to supplying our domestic need for energy consumption is seriously flawed for a number of reasons ranging from population growth, pure economics, a lack of public policy and a dated permitting process vital to commercialize new energy projects.

Collectively, this should have Americans questioning whether U.S. power production can be enough to completely eliminate the need for foreign energy sources.

The biggest use for energy is electricity. Using 2013 data from the Energy Information Administration (EIA), in order to produce electricity in the United States, we used a total of 4,058,209 thousand megawatt-hours last year of which 39 percent was supplied from coal, 27 percent from natural gas, 19 percent came from nuclear, 7 percent from hydropower, 6 percent from other renewables, 1 percent from petroleum and less than 1 percent from other gases. So, despite.......

 

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The miners have started 2014 very well indeed on the back of rising gold prices, so the question is; is this the real deal or another head fake? Is the bottom really in? Could there be a final capitulation just ahead of us? Will the summer doldrums take the PMs lower?

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