by Karl Denninger
Market-Ticker.org
…… the Chinese were doing what I pointed out was likely to happen back when I wrote Leverage as it applies to energy policy.
Chinese government scientists have unveiled plans for a first-of-its-kind, experimental nuclear reactor that does not need water for cooling.
The molten-salt nuclear reactor, which runs on liquid thorium rather than uranium, is expected to be safer than traditional reactors because the molten salt cools and solidifies quickly when exposed to the air, insulating the thorium, so that any potential leak would spill much less radiation into the surrounding environment compared with leaks from traditional reactors.
The article goes on to try to explain why we haven’t commercialized the technology and lies in the process of doing so.