The only myth shot down here in flames, Has old mate, is the one about your ability as an independent critical thinker, always willing to thoroughly research a subject and the substantiated facts, before leaping to a warm and comfortable, conformation bias based conclusion?

And while you'll are getting personal? It's not hard to see why you are very much a used to be (the older I get, the better I was, Hasbeen) with a record of business failure on business failure?

Ah yes I know, it was always someone else's fault?

You'll have a nice day now y'hear.
Alan B.

Alan B,

I know you'd prefer it not to be so and will ignore all data that doesn't confirm your hopes so all I can do is repeat an earlier post when you opined that searching YouTube was the be-all and end-all of academic inquiry...

"I understand that you've totally bought the hype around thorium and that mere reality doesn't factor into your calculations. But the reality is that there are no, (repeat NO), commercial thorium reactors around that can be installed now to satisfy your fantasies.

I've shown you this before but since it doesn't fit your memes, you've continually ignored it.

Here is what the gentleman in charge of the Chinese thorium research team (Professor Li) says about the development of a viable commercial thorium reactor:

"We are still in the dark about the physical and chemical nature of thorium in many ways. There are so many problems to deal with but so little time".

The Chinese hope (and its just a hope) to have a demonstration plant running by 2024, if the myriad problems can be resolved.

The head of the Bureau of Major Research and Development Programmes of the Chinese Academy of Sciences has also opined:

* that one of the technical difficulties is that the molten salt produces highly corrosive chemicals such as fluoride that could damage the reactor

* that the power plant would also have to operate at extremely high temperatures, raising concerns about safety

* that researchers have limited knowledge of how to use thorium

Since the Chinese are a the forefront of thorium reactor research, I'm guessing they know a little about the subject. But they clearly don't have your extensive YouTube based research to fall back on.

Thorium might work and it might be the go-to technology in a generation or two. But shouting that the only thing holding it back is venal pollies is the most naive of notions."

Someone who has done so little research that they still believe in the CO2 generated global warming scam, you sure can shoot your mouth off old boy.

Mhaze, Peak crude oil occurred way back in November 2005 at which
time it went onto a plateau for some years. According to HSBC it is now
declining at 5% to 7%. That strikes me as being a bit too high.
I would have thought around 3% as that seems typical of normal wells.

The US is nowhere near being an exporter as they import around 45% of
their consumption. They do export some products or some oils for
special reasons. Their consumption is about 20Mbd.
Natural gas of course is a different matter.

The rig count is still way down. It is now around 500 to 600, have
not seen figures this week. January 2015 it was 1600 operating rigs.
So you can see it has a loonngg way to go to get back there.

The cessation by the major companies in search and development is the
big worry. The time between search and production is about 5 years.
That means in three or four years there will be almost NO new oil.
At that time each barrel burned will reduce available oil by one barrel.