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Politics : Politics of Energy

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To: russet who wrote (50750)	5/6/2014 2:48:47 PM
From: Bilow	1 Recommendation Recommended By Hawkmoon Read Replies (2) of 86356

Hi russet; Re: "Graphite Shortage Anticipated"; Any geologist can tell you that world reserves of natural graphite are damn near infinite. Any chemist can tell you that graphite is an inconvenient byproduct of a lot of chemical processes. I've accidentally made the stuff myself and I can tell you that getting rid of it (without destroying the thing it was on) was incredibly difficult. A nice article on synthetic graphite: asbury.com A quick google search finds that the "Acheson process" is used to make synthetic graphite and that the primary producer in the US is GrafTech. Going to their website we find that both natural and synthetic graphite are used in batteries: graftech.com graftech.com As far as the US using a lot of it due to batteries, in 1907 US consumption reached 47,400 tons. In 1951 we consumed 54,500 tons. And the most recent data is for 2012 when we consumed 50,400 tons. Data source is US Geological Survey "Minerals Information: Graphite" minerals.usgs.gov In short, the article is complete BS. But if you really believe it, you might consider calling up your stockbroker and buying as much GTI as you can. Since their stock price is essentially unchanged over the last 10 years, you'll be getting it at a fair price, LOL: reuters.com Recent price is $10.76 and in the most recent year the company only lost 32 cents per share. As is usual for this sort of thing, it exaggerates the difficulties. Industry come up with as much graphite as it can possibly want. -- Carl

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