In the last post, we spoke about thorium's having arrived at its Tipping Point.
Atomic energy is, without a doubt, the most commercially viable and readily utilizable source of power for the continuing needs of civilization. And thorium is, without a doubt, the safest, most viable non-fissile fuel to power the nuclear reactors that will be needed in both the near- and longer- term in order for nuclear reactors to function. Energy from thorium is a reality, and not a mere possibility.
Thorium Energy, Inc., a long-term, consistent proponent of safe nuclear power using thorium as a principal fuel, is quietly watching as a wonderful confluence of economic events leads the world to the Lemhi Valley Pass District, where our substantial resources and reserves of thorium ores enjoy market value appreciation even as they lie waiting in the ground. While our stock is privately held, we are experiencing an ever-increasing number of inquiries for purchases of either an interest in the Company, or an interest in its treasure trove of assets.
And Thorium Energy, Inc. has not brought this about through self-promotion.
We have a rather unusual assortment of allies to thank -- let's thank them now, shall we?:
BIG OIL -- As oil prices rose over $130 per barrel (although not due to a shortage of crude), and as transportation became prohibitively expensive, the prices of virtually all consumer goods and services have risen significantly. Despite the lack of any admissable evidence that there exists any mindful conspiracy to rape the U.S. consumers and businesses (the major oil companies are continuing to post record revenues and profits, while other "lesser sectors" like housing, automobile sales, and employment are being undermined and pilfered, in an "unexplainable coincidence"), there is enough fear (and perhaps a bit of anger as well) that the U.S. and its G-8 brethren have rapidly warmed<making us look at "Global Warming" in a positive context for a change> to the idea of taking a fossil-fuel alternative seriously;
NAVAL POSTGRADUATE SCHOOL -- The United States Navy, through is highly-regarded post-graduate school (NPS Foundation), is now working diligently on adapting the Thorium-powered liquid floride thorium reactor (the LFTR) as a power source for naval vessels, from boomers to destroyers. It is interesting to note that this project is being co-sponsored and co-financed by NASA. Both organizations require a reliable, relatively inexpensive source of energy to move vast payloads over vast distances -- and both organizations use phraseology which incorporates "enable...operations for any size vessel even if fossil fuel prices rise dramatically." (emphasis is mine). One would be inclined to believe that the current precipitous rise in fossil fuel prices is being viewed by the military as a threat to its own operations, as well as a threat to our national security;
THORIUM POWER, LTD. (OTCBB: THPW), a publicly-traded company which apparently spends a great deal of its budget on public relations, politicking and newswire services, has announced that it has been retained as a consultant by the United Arab Emirates regarding that nation's nuclear energy policy and technology. One would believe that something odd is afoot when a major petroleum exporting country is investing in atomic power, and in particular, Thorium-based nuclear energy, for its domestic needs. In our view, this signifies that A) even the oil-rich countries may envision an end to their reign of supremacy and are preparing for this eventuality, and B) the oil-rich countries view thorium energy production technology as a hedge against blow-back from their non-oil-producing counterparts;
CHINA, CANADA and SOUTH KOREA -- and a host of other nations which are entering into co-ventures for the construction of thorium-powered nuclear plants to provide for their futures;
INDIA -- Which has been very aggressive and industrious in its development of thorium-powered reactors, and which declared itself "energy independent" just a few weeks ago, and, in so doing, sent out a loud wake-up call to the rest of the world. Now, the race is on;
KIRK SORENSEN -- This fellow has authored numerous scientifically-oriented and compelling articles about thorium's energy production potential. He has been a vociferous and prolific proponent of the LFTR and the use of thorium-powered nuclear reactors for quite some time. I believe that his persistent enthusiasm and quality coverage of thorium-related topics has helped to ignite a great deal of interest in thorium as the "energy alternative of choice" amongst a great number of people. Ironically, he also has the perfect name for a thorium advocate. On a serious note, thank you for your contribution, Kirk.
TERRORISTS AND FANATICS THROUGHOUT THE WORLD -- Indirectly (at least I like to think so), terrorists, fanatics and other species of nuts have simultaneously helped drive up the price of petroleum, while helping to scare the entire "western" world away from Uranium for fear of its use in "dirty" but highly potent small-sized nuclear weapons. Complicating matters, there are a number of people (some amount in excess of one hundred, I'd wager) who have come to believe that at least a portion of ill-gotten oil profits have actually been routed to various terrorist groups to finance their training, armament and evil doings. In an inevitable backlash, nations are seeking freedom from the yoke of fossil fuels, and are actually moving in the direction of atomic energy and stoking up the nuclear reactors...but using thorium as the major raw fuel component instead of the more dangerous Uranium. It's hard to stifle a grin when you realize that thorium power is likely the ideal weapon in a bloodless war against these lunatics.
It is a wonderful feeling when your prediction comes true...It has got to be almost as thrilling as when your oil-laden tanker comes in to port, and domestic gasoline prices are $4.14 per gallon at the pumps. Ah, the glorium of thorium!
--THORIUM ENERGY, INC.
p.s. The picture in the upper right-hand corner of this posting is either a gear or a screw. It is all a matter of perspective. Then again, perpective is largely governed by which side of the device that you are on.