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	<title>Comments on: Why Are Oil Prices Already So High?</title>
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		<title>By: Looking for Oil Demand in All the Wrong Places &#124; Jeff Rubin</title>
		<link>http://www.jeffrubinssmallerworld.com/2009/11/04/why-are-oil-prices-already-so-high/comment-page-1/#comment-165</link>
		<dc:creator>Looking for Oil Demand in All the Wrong Places &#124; Jeff Rubin</dc:creator>
		<pubDate>Wed, 10 Mar 2010 10:07:19 +0000</pubDate>
		<guid isPermaLink="false">http://www.jeffrubinssmallerworld.com/?p=134#comment-165</guid>
		<description>[...] certainly wasn’t US fuel demand that took oil prices over $100 in the first place, and it won’t be US fuel demand that will push [...]</description>
		<content:encoded><![CDATA[<p>[...] certainly wasn’t US fuel demand that took oil prices over $100 in the first place, and it won’t be US fuel demand that will push [...]</p>
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		<title>By: Jim Baird</title>
		<link>http://www.jeffrubinssmallerworld.com/2009/11/04/why-are-oil-prices-already-so-high/comment-page-1/#comment-392</link>
		<dc:creator>Jim Baird</dc:creator>
		<pubDate>Wed, 25 Nov 2009 16:58:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.jeffrubinssmallerworld.com/?p=134#comment-392</guid>
		<description>The global inventory of spent nuclear fuel (SNF) produces the energy equivalent of close to 200 operational reactors annually and its owners are prepared to pay billions to rid themselves of this energy which is sufficient to produce North America’s total annual oil requirement from the oil sands alone.&lt;br&gt;&lt;br&gt;The problems of SNF; heat, ionizing radiation and radiolysis which breaks down water into ions corrosive to fuel bundles and their containers are all facilitators of bitumen production. &lt;br&gt;Hydrogen released by the process of radiolysis and the heat generated by a repository within the oil sands would overturn the equilibrium of the system and contribute both to the in situ cracking and mobilization of the resource and the high-energy flux of spent nuclear fuel will ionize and fracture (upgrade) a portion of the long chain bitumen in the ground.&lt;br&gt;&lt;br&gt;These resources can be exploited in a similar fashion to the Steam Assisted Gravity Drainage Method with SNF substituting for the steam chamber.&lt;br&gt;&lt;br&gt;The sedimentary rock in which bitumen is found is ideal for radionuclide containment as demonstrated by the fact oil and gas, often under significant pressure, are found there. &lt;br&gt;Bitumen itself has unprecedented capacity to sequester radionuclides, as was noted by a recent international study, and the 80 percent of Alberta’s oil sands that lie too deep to be mined are covered by a capping shale formation that would further sequester the radionuclides.&lt;br&gt;&lt;br&gt;Instead of consuming valuable and CO2 generating resources to produce these reserves the waste heat of spent nuclear fuel can and should be utilized. Using SNF in this fashion is technically indistinguishable from any other form of geothermal energy which derives its power from nuclear fission.&lt;br&gt;&lt;br&gt;Producing such bounty – safely- should be sufficient inducement to overcome the NIMBY problem associated with SNF? But if not, SNF can be recovered after it has depleted the oil sands to be burned a second time, as is, without the need of expensive, hazardous and dangerous from a proliferation standpoint reprocessing, in the same CANDUs we are currently trying to offload. &lt;br&gt;&lt;br&gt;Jeff the global economy can be revitalized by bringing oil prices down. You could help facilitate this.</description>
		<content:encoded><![CDATA[<p>The global inventory of spent nuclear fuel (SNF) produces the energy equivalent of close to 200 operational reactors annually and its owners are prepared to pay billions to rid themselves of this energy which is sufficient to produce North America’s total annual oil requirement from the oil sands alone.</p>
<p>The problems of SNF; heat, ionizing radiation and radiolysis which breaks down water into ions corrosive to fuel bundles and their containers are all facilitators of bitumen production. <br />Hydrogen released by the process of radiolysis and the heat generated by a repository within the oil sands would overturn the equilibrium of the system and contribute both to the in situ cracking and mobilization of the resource and the high-energy flux of spent nuclear fuel will ionize and fracture (upgrade) a portion of the long chain bitumen in the ground.</p>
<p>These resources can be exploited in a similar fashion to the Steam Assisted Gravity Drainage Method with SNF substituting for the steam chamber.</p>
<p>The sedimentary rock in which bitumen is found is ideal for radionuclide containment as demonstrated by the fact oil and gas, often under significant pressure, are found there. <br />Bitumen itself has unprecedented capacity to sequester radionuclides, as was noted by a recent international study, and the 80 percent of Alberta’s oil sands that lie too deep to be mined are covered by a capping shale formation that would further sequester the radionuclides.</p>
<p>Instead of consuming valuable and CO2 generating resources to produce these reserves the waste heat of spent nuclear fuel can and should be utilized. Using SNF in this fashion is technically indistinguishable from any other form of geothermal energy which derives its power from nuclear fission.</p>
<p>Producing such bounty – safely- should be sufficient inducement to overcome the NIMBY problem associated with SNF? But if not, SNF can be recovered after it has depleted the oil sands to be burned a second time, as is, without the need of expensive, hazardous and dangerous from a proliferation standpoint reprocessing, in the same CANDUs we are currently trying to offload. </p>
<p>Jeff the global economy can be revitalized by bringing oil prices down. You could help facilitate this.</p>
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	<item>
		<title>By: Jim Baird</title>
		<link>http://www.jeffrubinssmallerworld.com/2009/11/04/why-are-oil-prices-already-so-high/comment-page-1/#comment-22</link>
		<dc:creator>Jim Baird</dc:creator>
		<pubDate>Wed, 25 Nov 2009 14:58:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.jeffrubinssmallerworld.com/?p=134#comment-22</guid>
		<description>The global inventory of spent nuclear fuel (SNF) produces the energy equivalent of close to 200 operational reactors annually and its owners are prepared to pay billions to rid themselves of this energy which is sufficient to produce North America’s total annual oil requirement from the oil sands alone.&lt;br&gt;&lt;br&gt;The problems of SNF; heat, ionizing radiation and radiolysis which breaks down water into ions corrosive to fuel bundles and their containers are all facilitators of bitumen production. &lt;br&gt;Hydrogen released by the process of radiolysis and the heat generated by a repository within the oil sands would overturn the equilibrium of the system and contribute both to the in situ cracking and mobilization of the resource and the high-energy flux of spent nuclear fuel will ionize and fracture (upgrade) a portion of the long chain bitumen in the ground.&lt;br&gt;&lt;br&gt;These resources can be exploited in a similar fashion to the Steam Assisted Gravity Drainage Method with SNF substituting for the steam chamber.&lt;br&gt;&lt;br&gt;The sedimentary rock in which bitumen is found is ideal for radionuclide containment as demonstrated by the fact oil and gas, often under significant pressure, are found there. &lt;br&gt;Bitumen itself has unprecedented capacity to sequester radionuclides, as was noted by a recent international study, and the 80 percent of Alberta’s oil sands that lie too deep to be mined are covered by a capping shale formation that would further sequester the radionuclides.&lt;br&gt;&lt;br&gt;Instead of consuming valuable and CO2 generating resources to produce these reserves the waste heat of spent nuclear fuel can and should be utilized. Using SNF in this fashion is technically indistinguishable from any other form of geothermal energy which derives its power from nuclear fission.&lt;br&gt;&lt;br&gt;Producing such bounty – safely- should be sufficient inducement to overcome the NIMBY problem associated with SNF? But if not, SNF can be recovered after it has depleted the oil sands to be burned a second time, as is, without the need of expensive, hazardous and dangerous from a proliferation standpoint reprocessing, in the same CANDUs we are currently trying to offload. &lt;br&gt;&lt;br&gt;Jeff the global economy can be revitalized by bringing oil prices down. You could help facilitate this.</description>
		<content:encoded><![CDATA[<p>The global inventory of spent nuclear fuel (SNF) produces the energy equivalent of close to 200 operational reactors annually and its owners are prepared to pay billions to rid themselves of this energy which is sufficient to produce North America’s total annual oil requirement from the oil sands alone.</p>
<p>The problems of SNF; heat, ionizing radiation and radiolysis which breaks down water into ions corrosive to fuel bundles and their containers are all facilitators of bitumen production. <br />Hydrogen released by the process of radiolysis and the heat generated by a repository within the oil sands would overturn the equilibrium of the system and contribute both to the in situ cracking and mobilization of the resource and the high-energy flux of spent nuclear fuel will ionize and fracture (upgrade) a portion of the long chain bitumen in the ground.</p>
<p>These resources can be exploited in a similar fashion to the Steam Assisted Gravity Drainage Method with SNF substituting for the steam chamber.</p>
<p>The sedimentary rock in which bitumen is found is ideal for radionuclide containment as demonstrated by the fact oil and gas, often under significant pressure, are found there. <br />Bitumen itself has unprecedented capacity to sequester radionuclides, as was noted by a recent international study, and the 80 percent of Alberta’s oil sands that lie too deep to be mined are covered by a capping shale formation that would further sequester the radionuclides.</p>
<p>Instead of consuming valuable and CO2 generating resources to produce these reserves the waste heat of spent nuclear fuel can and should be utilized. Using SNF in this fashion is technically indistinguishable from any other form of geothermal energy which derives its power from nuclear fission.</p>
<p>Producing such bounty – safely- should be sufficient inducement to overcome the NIMBY problem associated with SNF? But if not, SNF can be recovered after it has depleted the oil sands to be burned a second time, as is, without the need of expensive, hazardous and dangerous from a proliferation standpoint reprocessing, in the same CANDUs we are currently trying to offload. </p>
<p>Jeff the global economy can be revitalized by bringing oil prices down. You could help facilitate this.</p>
]]></content:encoded>
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	<item>
		<title>By: FuelTankGuy</title>
		<link>http://www.jeffrubinssmallerworld.com/2009/11/04/why-are-oil-prices-already-so-high/comment-page-1/#comment-8</link>
		<dc:creator>FuelTankGuy</dc:creator>
		<pubDate>Wed, 04 Nov 2009 18:03:56 +0000</pubDate>
		<guid isPermaLink="false">http://www.jeffrubinssmallerworld.com/?p=134#comment-8</guid>
		<description>Basically what Jeff is getting at is the cost you pay at the pump right now is not the cost of that barrel of oil but the next one to come out of the ground. If you haven&#039;t had a chhance to read his book I would highly reccomend it also try &quot;A thousand barrels a second&quot; by Peter Tertzakian. Both are great insights on what we are about to face and why.</description>
		<content:encoded><![CDATA[<p>Basically what Jeff is getting at is the cost you pay at the pump right now is not the cost of that barrel of oil but the next one to come out of the ground. If you haven&#39;t had a chhance to read his book I would highly reccomend it also try &#8220;A thousand barrels a second&#8221; by Peter Tertzakian. Both are great insights on what we are about to face and why.</p>
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		<title>By: joe333</title>
		<link>http://www.jeffrubinssmallerworld.com/2009/11/04/why-are-oil-prices-already-so-high/comment-page-1/#comment-7</link>
		<dc:creator>joe333</dc:creator>
		<pubDate>Wed, 04 Nov 2009 17:06:08 +0000</pubDate>
		<guid isPermaLink="false">http://www.jeffrubinssmallerworld.com/?p=134#comment-7</guid>
		<description>I am not sure I understand. So prices will go up for oil because although there is still a lot of oil left globally, it will become progressively more expensive to produce it? Did I get that right?</description>
		<content:encoded><![CDATA[<p>I am not sure I understand. So prices will go up for oil because although there is still a lot of oil left globally, it will become progressively more expensive to produce it? Did I get that right?</p>
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