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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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To: axial who wrote (35507)	9/5/2010 10:36:10 PM
From: Frank A. Coluccio	1 Recommendation Read Replies (2) of 46821

[High Hopes] Obama could kill fossil fuels overnight with a nuclear dash for thorium By Ambrose Evans-Pritchard, International Business Editor Telegraph.co.uk \| 29 Aug 2010 If Barack Obama were to marshal America’s vast scientific and strategic resources behind a new Manhattan Project, he might reasonably hope to reinvent the global energy landscape and sketch an end to our dependence on fossil fuels within three to five years. [...] You might have thought that thorium reactors were the answer to every dream but when CERN went to the European Commission for development funds in 1999-2000, they were rebuffed. Brussels turned to its technical experts, who happened to be French because the French dominate the EU’s nuclear industry. "They didn’t want competition because they had made a huge investment in the old technology," he said. Another decade was lost. It was a sad triumph of vested interests over scientific progress. "We have very little time to waste because the world is running out of fossil fuels. Renewables can’t replace them. Nuclear fusion is not going work for a century, if ever," he said. Complete: telegraph.co.uk hat tip: pltodms ------

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