Major inflation is already dogging the heels of American trapped in an economic depression. Gas prices have been the primary engine of the inflation, yet President Bush and company have done little and seem to know little about any solution or even the basics of economic reform. Both the President and Dick Cheney are oilmen at heart. There is little incentive for them to initiate any change that would hurt the profits of the oil companies.
Keeping the oil companies happy, however, is costing the American automotive companies a lot of money. These companies placed their bets on the SUVs, as these have the big profits. Now they find the public has a lot less interest in the SUVs with the price of gas skyrocketing. So now Wall Street gives their stock a junk rating. And that doesn’t help the rest of the stock market.
Here are a few interesting ideas:
- Alberta, or friendly neighbor, has at least a third of the oil reserves of the Middle East. Why aren’t we using more of their oil instead of being cozy with a Crown Prince?
- Why are we using so much oil? Most Americans drive no more than 20 miles on most days. Take a hybrid car and add a simple adapter to plug it in the wall at night and you have 500 miles a gallon for those days you don’t drive too much. This adds some to the price of the hybrid car, but the power companies would probably give you a rebate for the adapter. (See the next point for how to get that power.)
- Open up the new oil field in Alaska - probable short term solution, but makes the oil companies happy.
- Open up the strategic oil reserves. Only works if OPEC is not at full capacity. It would, however, be a short term solution.
- End the war in Iraq, where they are doing a good job burning the oil reserves that’s left. That helps the oil companies, not us.
Look at the story of nuclear power in the U.S. The last nuclear plant here was ordered in 1973. Then there was the Three-Mile Island near-accident, Chernobyl, and more. These reactors were all built on a Generation I concept pioneered by Rickover that was based on a military model - the atomic submarine. Most of Europe gets almost 50% of its electricity from nuclear plants (Sweden is 45%, Belgium 58%, and France gets 75% of its electricity from nuclear energy). Modern plant design uses a passive safety control, with gravity used to shut down the reactor in the event of a problem.
China, however, is set to take a major leap in nuclear power generation. China took a nuclear plant model pioneered by Farrington Daniels (who help with the Manhattan Project). This model, known as the Pebble Reactor, was abandoned by Rickover who had military funding for the fuel rod model. The Pebble Reactor is inherently safe, can’t blow up, and is a LOT cheaper to build since it has no water coolant. It can also be built in a modular form. Buy a starter kit and add to it later. A small model is already operational in China and demonstrations show is simply can’t run away. Now here is the fun part. The waste product is nice, clean hydrogen, which could be used as fuel for hydrogen-based cars.
If I were President Bush, I’d start talking with these Chinese scientists and spend less time with the Crown Prince.
Change may be taking place, however, and it seems to be coming from Congress. A bipartisan group in Congress has been meeting the last month working on some alternative energy legislation. The group includes Jim Saxton (NJ) and Dennis Hastert. Watch what they brew up. Write your senators and congresspeople.
For more on the Pebble Reactor and China’s progress with it…See Wired, September, 2004