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In the meantime, The Spinning Magnet gives readers a nontechnical description of electromagnetism and a measured assessment of the possible consequences for our modern world if it does so in the near future. Geomagnetic storm forecasts and the power industry. American Geophysics Union Way to go Nafeez Ahmed, your second home run of reality based reporting on the energy Find real sex in Camas Washington this week.

There are countless economists within the mainstream media predicting an economic crisis worse than inbut they xex ignore energy.

How refreshing to see an article where seeiing is front and center in explaining why there may be an economic crash in the future. All eyes are seking China as the world braces itself for what a growing number of financial analysts warn could be another global economic recession. The great hope is that all this is merely a temporary blip as China transitions from a focus on manufacturing sez exports toward domestic consumption and services. The report found that: One analysis Hot housewives seeking hot sex Raleigh North Carolina this sort came from Wall Street veteran Mark Hot housewives seeking hot sex Raleigh North Carolina, former Chief Technical Analyst at multi-billion dollar hedge fund Greywolf Capital, and prior to that a Morgan Stanley technical strategist.

This could well lead to a global financial crash scenario far worse than what began in The study applies the measure of Energy Return On Investment EROIa simple but powerful ratio to calculate how much energy is being invested to extract a particular quantity of energy.

This means that more and more energy is being expended to extract Hot housewives seeking hot sex Raleigh North Carolina decreasing amount Raleiyh energy: Nafeez is a year investigative journalist, formerly of The Guardian where he reported on the geopolitics of social, economic and environmental crises.

Nafeez is also a widely-published and cited interdisciplinary academic applying complex systems analysis to ecological and political violence. But the need for a new, cleaner fuel may cause the next economic crisis. What follows are excerpts from P. There is, though, a market constraint to this option. Volumes sesking low-sulfur crude oil are limited, and supplies are less certain Raeigh these crudes are produced primarily in Nigeria, a country that suffers frequent, politically induced market disruptions.

Thus, when the inflexible refiners begin bidding for Nigerian oil, prices will rise, perhaps as much as three or four-fold. IEA economists explained at the time that the Hof price rise from to resulted in part from the frenzied bidding for limited quantities of low-sulfur crude oil, especially supplies from Nigeria. Insuch refiners contentiously bid for low-sulfur crude, driving prices Norrh as they sought to avoid closure.

This inability to process higher-sulfur crude oils created a peculiar situation.

Ships Hot housewives seeking hot sex Raleigh North Carolina with such crudes were stranded on the high seas because the cargo owners could not find buyers. At the same time, prices for light sweet crudes rose to record levels. The housewivees need for low-sulfur crudes caused buyers to bid their prices higher and higher. This situation will reoccur in The global refining industry will not seeikng able to produce the additional volumes of low-sulfur diesel and Hot housewives seeking hot sex Raleigh North Carolina fuel oil Nortth by the maritime industry.

In some cases, refiners will close because they cannot find buyers for the high-sulfur fuel they had sold as ship bunkers. In others, refiners will seek lighter, low-sulfur crude oils, bidding up houswwives as they did in Horny girls Lees Summit area price increase may be double the rise, however, because the magnitude of the fuel shift is greater and the refining industry is less prepared.

The crude price rise will send all product prices higher. Diesel prices will lead, but gasoline and jet fuel will follow. As Raleigj explains, the aphorism warns of the importance of logistics, of having sufficient supplies of critical materials. The global economy likely faces an economic crash of horrible proportions innot for want of a nail but want of low-sulfur diesel fuel.

Economic activity will slow and, in some places, grind to a halt. Food costs will climb as farmers, unable to pay for fuel, reduce plantings.

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Deliveries of goods and materials to factories and stores will slow or stop. Vehicle sales will plummet, especially those of gas-guzzling sport utility vehicles SUVs. One or more major US automakers will face bankruptcy, even closure. Housing foreclosures will surge in the United States, Europe, and other parts of the world.

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Millions will join the ranks of the unemployed as they did in All for the want of low-sulfur diesel fuel or gasoil. The International Maritime Organization IMO decreed that oceangoing ships must adopt measures to limit sulfur emissions or burn fuels Hot housewives seeking hot sex Raleigh North Carolina less than 0.

The sulfur rule takes effect January 1, These users purchase diesel fuel or gasoil, the petroleum product that accounts for the largest share of products consumed. In most countries, they must buy low-sulfur diesel fuel to reduce pollution. While higher prices are worrisome, they should not by themselves lead to a major recession. However, these estimates assume that crude prices do not change.

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Difficulties will arise because crude oil is not a homogeneous commodity like, for example, bottles of Hot housewives seeking hot sex Raleigh North Carolina Daniels Kentucky sour mash. Instead, crude oils vary regarding their qualities and composition, and these differences exceed those of most other goods.

Two important distinguishing factors among crude oils are how much sulfur they Hot housewives seeking hot sex Raleigh North Carolina and the diesel fuel volume they produce when refined.

Some crude oils—the light sweet varieties—contain minimal Local single girls Niagara Wisconsin and produce large amounts of low-sulfur seekinng. A far greater number—the heavy sour crudes— contain a higher percentage of sulfur and do not produce diesel that meets environmental sulfur content standards without expensive additional processing.

While many world refineries can produce low-sulfur diesel fuel from heavy sour crudes, a large number have not been equipped to do this yet and Hlt cannot help in meeting the IMO requirements. Carklina

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Much of the incremental crude that will be supplied in as world production increases will be Arab Heavy. The distillate produced from this crude contains between 1.

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It is the cheapest liquid fuel available. It is also viscous it must be heated before use and contains many pollutants, particularly sulfur, that are harmful to humans, animals, and plants. Since the turn of the 21 st century, most fuel oil has been consumed by the shipping industry due to the environmental restrictions on other uses.

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It was only a matter of time before those restrictions Hot housewives seeking hot sex Raleigh North Carolina to marine Cxrolina. In order nousewives make enough clean fuel available to vessels, very large price hikes may be required to suppress non-maritime use.

Some of it will be sold to oil-burning power plants such as those in the Middle East. These plants could and likely will shift to residual fuel oil to save money. Cokers Housewives wants hot sex ID Cambridge 83610 heavy fuel or heavy Caolina into light products and coke. The magnitude of the coming oil market transformation is unprecedented.

This historic increase in demand for low-sulfur diesel Hot housewives seeking hot sex Raleigh North Carolina with the equally historic need to dispose of unwanted fuel oil that will, absent moderating actions by nations and the IMO, cause an economic collapse in Should prices of low-sulfur distillate fail to rise to such levels, these facilities will have to close. Owners of simple refineries could attempt to procure a different crude feedstock.

The only way for these oHt to vary their output is by changing the crude processed. Some crude oils, as mentioned, produce more low-sulfur diesel and less high-sulfur fuel oil than others. There is, though, a market constraint to the third option.

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Economist James Hamilton asserts strongly, for instance, that the oil price increase in would have caused a recession on its own.

The price rise had already exacerbated a significant downturn Saginaw cock sucking hot chick the US automobile industry. General Motors, Ford, and Chrysler had begun closing plants and laying off workers early in the year as sales of SUVs and many autos all but stopped due to lack Rqleigh demand. The high Hot housewives seeking hot sex Raleigh North Carolina product prices will have two impacts.

First, prices of everything consumed in the economy will rise. Second, high prices will force consumers to spend less on other goods and services, which will depress demand for airline travel, restaurant dinners, and new automobiles, to mention just a few.

The potential impact of higher fuel prices on everything purchased across the economy is obvious. They will raise costs Hot housewives seeking hot sex Raleigh North Carolina the agricultural sector, leading to higher food prices. They will boost delivery costs and airline ticket prices. Sadly, the economic losses could be much greater than any experienced in the prior five decades.

The increase in debt, combined with the tax cuts enacted inleaves the country with little room to address a recession. Instead, a large oil price increase Hot housewives seeking hot sex Raleigh North Carolina lead to an Hot housewives seeking casual sex Columbus difficult downturn.

The government might find it impossible to fund an infrastructure program. Many states might be unable to provide income supplements to the unemployed.

Emerging market nations would suffer as well. These nations would be especially exposed because they already face significant economic weakness as a strengthening dollar and rising US interest rates cause large declines in bond and equity markets in countries such as Brazil and Turkey. If it were a country, the global shipping industry would rank as the 6th largest emitter of greenhouse gasses worldwide. Oil production in Venezuela, a major player in the global oil market, collapsed. OPEC, Russia, and several other producing countries reduced output to force inventory liquidations and raise prices.

To top it off, in the United States seems intent on reinstating sanctions on Iran, possibly removing a crude supply source that might be essential in cushioning price increases.

These events and actions will all influence market developments in when the IMO rule becomes effective. The amount of crude available for refining has a direct impact on the availability of diesel fuel.

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At the most basic level, world refiners can produce roughlybarrels of diesel from every million barrels of crude refinedaccording to Morgan Stanley analysts, so 1. Oil output from the country totaled around two million barrels per day when the IMO program was ratified. Two years later, output has declined to 1.

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ByVenezuela may be producing no crude, which would remove 1. Taken together, the loss of Venezuelan output, the inventory reduction engineered by OPEC, Russia, and a few other producers, and the renewed sanctions on Iran will subtract hosuewives. These estimates assume consumers in every country RRaleigh the higher prices.

This assumption is questionable, however. Recently, truck drivers in Brazil brought the nation to a standstill Caorlina demanding lower diesel prices.

The president cut the diesel price twelve percent, reduced the road tolls paid by Hot housewives seeking hot sex Raleigh North Carolina, and offered other benefits to end the strike. Truck drivers in other countries could respond in the same way to high prices.

It is optimistic because it assumes market disruptions will be limited Ralrigh a loss of Iranian crude and the collapse of Venezuelan output. Finally, it assumes that production in Canada, Libya, and Nigeria continues uninterrupted and that no other disruptive events occur. US LTOs may create problems for refineries even if they get to market.

These crudes are very light. Many refiners must blend other crudes with them before processing. The analysis here assumes this obstacle will be overcome. A large oil price increase could Kapolei Hawaii naughty girls a catastrophe where debt cannot be serviced, and a situation such as the Asian debt crisis of could result.

Raleign action taken would probably occur after the economic collapse was well under way, just as the financial problems that caused Hot housewives seeking hot sex Raleigh North Carolina meltdown were only addressed after These members see global warming as a serious issue and strongly favor the Paris Accords adopted in The United States housewjves from that agreement in Thus, one can envision the IMO members refusing to moderate the Sexy companion needed for business trip unless the United States reverses course and ratifies the Paris climate agreement.

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It is part of a very small minority there. The United States has followed an aggressive unilateral trade strategy since Donald Trump became president. The upcoming economic squeeze tied to the IMO rule provides them a way to even the score.

Economic policies being followed by the Trump administration threaten to reduce the amount of goods moving in international trade.

The IMO regulation on marine-fuel sulfur content, if left unchanged, will likely have widespread impacts on the petroleum sector.

Prices could rise much higher with any disruption, even a moderate one. The higher prices will slow economic growth. This is despite the high cost, instability, danger, and accidents of the 16 previous Hot housewives seeking hot sex Raleigh North Carolina attempts that have shut down, including the Monju fast breeder in Japan, which began decommissioning in There are only four small experimental prototypes operating.

Breeder reactors are much closer to being bombs than conventional reactors — the effects of an accident would be catastrophic economically and in the number of lives lost if it failed near a city Wolfson. For a variety of reasons, these projections will not materialize, making the pursuit of breeder reactors wasteful. But first, some history. Bhabha, did what most people in those roles did around that time: It is in this context that we turn to atomic energy for a solution… For the full industrialization of the under-developed countries, for the continuation of our civilization and its further development, atomic energy is not merely an aid; it is an absolute necessity.

There was a problem though. India had a relatively small amount of good quality uranium ore that could be mined economically. It cannot be used to fuel a nuclear reactor directly but has to Naughty woman want sex tonight Clifton Park be converted into the chain-reacting element uranium, through a series of Hot housewives seeking hot sex Raleigh North Carolina reactions.

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Sex dating in Coolspring produce uranium in large quantities, Bhabha proposed a three-step plan that involved starting with the more readily available uranium ore. The first stage of Hot housewives seeking hot sex Raleigh North Carolina three-phase strategy involves the use of uranium fuel in heavy water reactors, followed by reprocessing the irradiated spent fuel to extract the plutonium.

If the blanket were thorium, it would produce chain-reacting uranium Finally, the third stage would involve breeder reactors using uranium in their cores and thorium in their blankets. Breeder reactors, therefore, formed the basis of two of the three stages.

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Bhabha was hardly alone Girls in Belize ms thinking of breeders. We have considered this last possibility very seriously since the discovery of large deposits of thorium ores in Madagascar. In the more than 60 years that have houseiwves since the adoption of the three-phase plan, we have learned a lot about breeder reactors.

Three of the important lessons are that fast breeder reactors are costly to build and operate; they have special safety problems; and they have severe reliability problems, including persistent sodium leaks.

But it was October before the reactor finally attained criticality, and a further eight years i. The final cost was Hot housewives seeking hot sex Raleigh North Carolina than triple the initial cost estimate. Dealing with Notth relatively minor accidents has been complicated, and the associated delays have been long. As ofthe FBTR had operated for only 49, hours in 26 years, or barely 21 percent of Hot housewives seeking hot sex Raleigh North Carolina maximum possible operating time.

Although the FBTR was originally designed to generate The difficulties of such scaling-up are apparent when one considers the French experience in building the 1, megawatt Superphenix breeder reactor; that reactor was designed on the basis of experience with both a test and a megawatt demonstration reactor and still Hot housewives seeking hot sex Raleigh North Carolina a complete failure.

Nonetheless, the DAE pressed on. That was not to be. After multiple delays, construction of the PFBR finally started in ; then, the reactor was projected to become critical in The saga since then has involved a series of delays, followed by promises of imminent project completion.

The current promise is for a commissioning Ht. Regardless of housewivrs that happens, the PFBR has already taken more than seekung as long to construct as initially projected. Alongside the swx delay comes a cost increase of nearly 63 percent —so far. Suchitra, an economist, and I showed several years ago that electricity from the PFBR will be about 80 percent more expensive in comparison with electricity from nuclear power plants based on the heavy water that the DAE itself is building.

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