[Aecetia]

Here is some more interesting news from the government from Bloomberg.com:
“Bernanke Urges Banks to Forgive Portion of Mortgages (Update3)
By Scott Lanman and Steve Matthews

March 4 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke, battling the worst housing recession in a quarter century, urged lenders to forgive portions of mortgages held by homeowners at risk of defaulting.

“Efforts by both government and private-sector entities to reduce unnecessary foreclosures are helping, but more can, and should, be done,” Bernanke said in a speech to bankers in Orlando, Florida, today. “Principal reductions that restore some equity for the homeowner may be a relatively more effective means of avoiding delinquency and foreclosure.”

Bernanke’s call goes beyond the stance of the Bush administration and previous Fed comments. By comparison, the central bank’s Feb. 27 report to Congress called for lenders to “pursue prudent loan workouts” through means such as modifying mortgage terms and deferring payments.

The Fed chief highlighted the threat posed by home values falling below mortgage balances, something Treasury Secretary Henry Paulson played down yesterday. Bernanke said the “recent surge” in delinquencies has been “closely linked” to the slide of home equity.

Paulson said in an interview with Bloomberg Television yesterday that “almost too much” has been made out of concerns about homeowners whose house prices have dropped below their mortgages. He also said the administration’s strategy of encouraging lenders to modify loans is “the right approach and we are making substantial progress.”

Won’t `Dictate’

“We’re not going to dictate” how lenders should alter mortgage contracts, Treasury spokeswoman Brookly Mclaughlin said in an e-mailed response to questions. “If lenders find that in some cases a principal writedown is less costly than foreclosure, then that is an option they have the incentive to consider.”

[Aecetia]

Here is some more interesting news from the government from Bloomberg.com:
“Bernanke Urges Banks to Forgive Portion of Mortgages (Update3)
By Scott Lanman and Steve Matthews

March 4 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke, battling the worst housing recession in a quarter century, urged lenders to forgive portions of mortgages held by homeowners at risk of defaulting.

“Efforts by both government and private-sector entities to reduce unnecessary foreclosures are helping, but more can, and should, be done,” Bernanke said in a speech to bankers in Orlando, Florida, today. “Principal reductions that restore some equity for the homeowner may be a relatively more effective means of avoiding delinquency and foreclosure.”

Bernanke’s call goes beyond the stance of the Bush administration and previous Fed comments. By comparison, the central bank’s Feb. 27 report to Congress called for lenders to “pursue prudent loan workouts” through means such as modifying mortgage terms and deferring payments.

The Fed chief highlighted the threat posed by home values falling below mortgage balances, something Treasury Secretary Henry Paulson played down yesterday. Bernanke said the “recent surge” in delinquencies has been “closely linked” to the slide of home equity.

Paulson said in an interview with Bloomberg Television yesterday that “almost too much” has been made out of concerns about homeowners whose house prices have dropped below their mortgages. He also said the administration’s strategy of encouraging lenders to modify loans is “the right approach and we are making substantial progress.”

Won’t `Dictate’

“We’re not going to dictate” how lenders should alter mortgage contracts, Treasury spokeswoman Brookly Mclaughlin said in an e-mailed response to questions. “If lenders find that in some cases a principal writedown is less costly than foreclosure, then that is an option they have the incentive to consider.”

[Aecetia]

Here is some more interesting news from the government from Bloomberg.com:
“Bernanke Urges Banks to Forgive Portion of Mortgages (Update3)
By Scott Lanman and Steve Matthews

March 4 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke, battling the worst housing recession in a quarter century, urged lenders to forgive portions of mortgages held by homeowners at risk of defaulting.

“Efforts by both government and private-sector entities to reduce unnecessary foreclosures are helping, but more can, and should, be done,” Bernanke said in a speech to bankers in Orlando, Florida, today. “Principal reductions that restore some equity for the homeowner may be a relatively more effective means of avoiding delinquency and foreclosure.”

Bernanke’s call goes beyond the stance of the Bush administration and previous Fed comments. By comparison, the central bank’s Feb. 27 report to Congress called for lenders to “pursue prudent loan workouts” through means such as modifying mortgage terms and deferring payments.

The Fed chief highlighted the threat posed by home values falling below mortgage balances, something Treasury Secretary Henry Paulson played down yesterday. Bernanke said the “recent surge” in delinquencies has been “closely linked” to the slide of home equity.

Paulson said in an interview with Bloomberg Television yesterday that “almost too much” has been made out of concerns about homeowners whose house prices have dropped below their mortgages. He also said the administration’s strategy of encouraging lenders to modify loans is “the right approach and we are making substantial progress.”

Won’t `Dictate’

“We’re not going to dictate” how lenders should alter mortgage contracts, Treasury spokeswoman Brookly Mclaughlin said in an e-mailed response to questions. “If lenders find that in some cases a principal writedown is less costly than foreclosure, then that is an option they have the incentive to consider.”

[Aecetia]

This is from the “We are richer when house prices go down discussion from one of the Temecula watchers, TG:’18 days on the market, reduced 17% in those 18 days, when first listed it was the cheapest house on the street, waiting saved the future buyer 50k

http://www.redfin.com/stingray/do/printable-listing?listing-id=1472071

This beauty came on the market today, 4000 sq ft, amost 100 a square, if you bought yesterday you would miss this record setter at more than 50% off it’s price in 2005 and now it is 47 cents on the dollar and the former model in one of the nicest subdivisions in my area, it’s presence just cost every house in the development 100k

It’s neighbor two doors away is a repo, wasn’t a model, is smaller and has a smaller lot. Despite the bank cutting 80k off it three weeks ago, they will need to chop another 100k to be in line with the one that just came up, why miss the fireworks and buy today or yesterday?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1342782

Or this 20% (75k) drop that happened two days ago, still no sale, next month will probably bring another 75k off

http://www.redfin.com/stingray/do/printable-listing?listing-id=1387676

And finally this is a classic case of what almost every lising looks like that has been on the market for a few months. At each point you claim the bottom and at each point you would have thrown money in the toilet. This is what the market is doing, nothing indicates that it is slowing down. Below the map is the listing price history, for this one I’ll post it bt on the others, just scroll down.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1181669

Oct 02, 2007 $580,000
Oct 17, 2007 $575,000
Oct 30, 2007 $565,000
Nov 05, 2007 $545,000
Nov 09, 2007 $535,000
Nov 19, 2007 $500,000
Dec 11, 2007 $450,000
Jan 02, 2008 $435,000
Jan 11, 2008 $420,000
Jan 16, 2008 $390,000
Jan 25, 2008 $380,000
Feb 25, 2008 $350,000

Fundamentally this is a 2k a month rental so the 125x multiplier is 250k, at that point I will buy it, the 150x is 300k, at that point I’ll think about it, but anyone can say “now is a great time to buy,” prove it to me.
Submitted by temeculaguy on February 29, 2008 – 10:05pm.
Oh yeah i forgot this one, 30% decline in eight months

http://www.redfin.com/stingray/do/printable-listing?listing-id=834917

Orignal price Sep 17, 2004 $503,500
Resale price Jun 15, 2006 $790,000
Repo to bank May 09, 2007 $670,306

Bank want’s their money back so they list at about what they were owed, it doesn’t sell and they lower until they find the market, guess what, they haven’t found it. At any price except the last one, if you were a buyer, you lost money and it is my belief that even the last price is incorrect, time will tell but I will bet that I will find reductions in March, not increases. In fact, in 8 months, it has gone down 227k, about a 30k monthly decline, which is more than 5% a month, what makes anyone believe that March/April it won’t go down to 420k, what is so confusing about this pattern that is repeated on every street, every day, what is it about this pattern that would make anyone think “O.K. that’s enough, it will all sell now.”

Jun 15, 2007 $667,500
Aug 21, 2007 $634,900
Sep 22, 2007 $595,000
Oct 23, 2007 $550,000
Nov 26, 2007 $523,900
Dec 31, 2007 $514,900
Feb 29, 2008 $450,000′”

[Aecetia]

This is from the “We are richer when house prices go down discussion from one of the Temecula watchers, TG:’18 days on the market, reduced 17% in those 18 days, when first listed it was the cheapest house on the street, waiting saved the future buyer 50k

http://www.redfin.com/stingray/do/printable-listing?listing-id=1472071

This beauty came on the market today, 4000 sq ft, amost 100 a square, if you bought yesterday you would miss this record setter at more than 50% off it’s price in 2005 and now it is 47 cents on the dollar and the former model in one of the nicest subdivisions in my area, it’s presence just cost every house in the development 100k

It’s neighbor two doors away is a repo, wasn’t a model, is smaller and has a smaller lot. Despite the bank cutting 80k off it three weeks ago, they will need to chop another 100k to be in line with the one that just came up, why miss the fireworks and buy today or yesterday?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1342782

Or this 20% (75k) drop that happened two days ago, still no sale, next month will probably bring another 75k off

http://www.redfin.com/stingray/do/printable-listing?listing-id=1387676

And finally this is a classic case of what almost every lising looks like that has been on the market for a few months. At each point you claim the bottom and at each point you would have thrown money in the toilet. This is what the market is doing, nothing indicates that it is slowing down. Below the map is the listing price history, for this one I’ll post it bt on the others, just scroll down.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1181669

Oct 02, 2007 $580,000
Oct 17, 2007 $575,000
Oct 30, 2007 $565,000
Nov 05, 2007 $545,000
Nov 09, 2007 $535,000
Nov 19, 2007 $500,000
Dec 11, 2007 $450,000
Jan 02, 2008 $435,000
Jan 11, 2008 $420,000
Jan 16, 2008 $390,000
Jan 25, 2008 $380,000
Feb 25, 2008 $350,000

Fundamentally this is a 2k a month rental so the 125x multiplier is 250k, at that point I will buy it, the 150x is 300k, at that point I’ll think about it, but anyone can say “now is a great time to buy,” prove it to me.
Submitted by temeculaguy on February 29, 2008 – 10:05pm.
Oh yeah i forgot this one, 30% decline in eight months

http://www.redfin.com/stingray/do/printable-listing?listing-id=834917

Orignal price Sep 17, 2004 $503,500
Resale price Jun 15, 2006 $790,000
Repo to bank May 09, 2007 $670,306

Bank want’s their money back so they list at about what they were owed, it doesn’t sell and they lower until they find the market, guess what, they haven’t found it. At any price except the last one, if you were a buyer, you lost money and it is my belief that even the last price is incorrect, time will tell but I will bet that I will find reductions in March, not increases. In fact, in 8 months, it has gone down 227k, about a 30k monthly decline, which is more than 5% a month, what makes anyone believe that March/April it won’t go down to 420k, what is so confusing about this pattern that is repeated on every street, every day, what is it about this pattern that would make anyone think “O.K. that’s enough, it will all sell now.”

Jun 15, 2007 $667,500
Aug 21, 2007 $634,900
Sep 22, 2007 $595,000
Oct 23, 2007 $550,000
Nov 26, 2007 $523,900
Dec 31, 2007 $514,900
Feb 29, 2008 $450,000′”

[Aecetia]

This is from the “We are richer when house prices go down discussion from one of the Temecula watchers, TG:’18 days on the market, reduced 17% in those 18 days, when first listed it was the cheapest house on the street, waiting saved the future buyer 50k

http://www.redfin.com/stingray/do/printable-listing?listing-id=1472071

This beauty came on the market today, 4000 sq ft, amost 100 a square, if you bought yesterday you would miss this record setter at more than 50% off it’s price in 2005 and now it is 47 cents on the dollar and the former model in one of the nicest subdivisions in my area, it’s presence just cost every house in the development 100k

It’s neighbor two doors away is a repo, wasn’t a model, is smaller and has a smaller lot. Despite the bank cutting 80k off it three weeks ago, they will need to chop another 100k to be in line with the one that just came up, why miss the fireworks and buy today or yesterday?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1342782

Or this 20% (75k) drop that happened two days ago, still no sale, next month will probably bring another 75k off

http://www.redfin.com/stingray/do/printable-listing?listing-id=1387676

And finally this is a classic case of what almost every lising looks like that has been on the market for a few months. At each point you claim the bottom and at each point you would have thrown money in the toilet. This is what the market is doing, nothing indicates that it is slowing down. Below the map is the listing price history, for this one I’ll post it bt on the others, just scroll down.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1181669

Oct 02, 2007 $580,000
Oct 17, 2007 $575,000
Oct 30, 2007 $565,000
Nov 05, 2007 $545,000
Nov 09, 2007 $535,000
Nov 19, 2007 $500,000
Dec 11, 2007 $450,000
Jan 02, 2008 $435,000
Jan 11, 2008 $420,000
Jan 16, 2008 $390,000
Jan 25, 2008 $380,000
Feb 25, 2008 $350,000

Fundamentally this is a 2k a month rental so the 125x multiplier is 250k, at that point I will buy it, the 150x is 300k, at that point I’ll think about it, but anyone can say “now is a great time to buy,” prove it to me.
Submitted by temeculaguy on February 29, 2008 – 10:05pm.
Oh yeah i forgot this one, 30% decline in eight months

http://www.redfin.com/stingray/do/printable-listing?listing-id=834917

Orignal price Sep 17, 2004 $503,500
Resale price Jun 15, 2006 $790,000
Repo to bank May 09, 2007 $670,306

Bank want’s their money back so they list at about what they were owed, it doesn’t sell and they lower until they find the market, guess what, they haven’t found it. At any price except the last one, if you were a buyer, you lost money and it is my belief that even the last price is incorrect, time will tell but I will bet that I will find reductions in March, not increases. In fact, in 8 months, it has gone down 227k, about a 30k monthly decline, which is more than 5% a month, what makes anyone believe that March/April it won’t go down to 420k, what is so confusing about this pattern that is repeated on every street, every day, what is it about this pattern that would make anyone think “O.K. that’s enough, it will all sell now.”

Jun 15, 2007 $667,500
Aug 21, 2007 $634,900
Sep 22, 2007 $595,000
Oct 23, 2007 $550,000
Nov 26, 2007 $523,900
Dec 31, 2007 $514,900
Feb 29, 2008 $450,000′”

[Aecetia]

This is from the “We are richer when house prices go down discussion from one of the Temecula watchers, TG:’18 days on the market, reduced 17% in those 18 days, when first listed it was the cheapest house on the street, waiting saved the future buyer 50k

http://www.redfin.com/stingray/do/printable-listing?listing-id=1472071

This beauty came on the market today, 4000 sq ft, amost 100 a square, if you bought yesterday you would miss this record setter at more than 50% off it’s price in 2005 and now it is 47 cents on the dollar and the former model in one of the nicest subdivisions in my area, it’s presence just cost every house in the development 100k

It’s neighbor two doors away is a repo, wasn’t a model, is smaller and has a smaller lot. Despite the bank cutting 80k off it three weeks ago, they will need to chop another 100k to be in line with the one that just came up, why miss the fireworks and buy today or yesterday?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1342782

Or this 20% (75k) drop that happened two days ago, still no sale, next month will probably bring another 75k off

http://www.redfin.com/stingray/do/printable-listing?listing-id=1387676

And finally this is a classic case of what almost every lising looks like that has been on the market for a few months. At each point you claim the bottom and at each point you would have thrown money in the toilet. This is what the market is doing, nothing indicates that it is slowing down. Below the map is the listing price history, for this one I’ll post it bt on the others, just scroll down.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1181669

Oct 02, 2007 $580,000
Oct 17, 2007 $575,000
Oct 30, 2007 $565,000
Nov 05, 2007 $545,000
Nov 09, 2007 $535,000
Nov 19, 2007 $500,000
Dec 11, 2007 $450,000
Jan 02, 2008 $435,000
Jan 11, 2008 $420,000
Jan 16, 2008 $390,000
Jan 25, 2008 $380,000
Feb 25, 2008 $350,000

Fundamentally this is a 2k a month rental so the 125x multiplier is 250k, at that point I will buy it, the 150x is 300k, at that point I’ll think about it, but anyone can say “now is a great time to buy,” prove it to me.
Submitted by temeculaguy on February 29, 2008 – 10:05pm.
Oh yeah i forgot this one, 30% decline in eight months

http://www.redfin.com/stingray/do/printable-listing?listing-id=834917

Orignal price Sep 17, 2004 $503,500
Resale price Jun 15, 2006 $790,000
Repo to bank May 09, 2007 $670,306

Bank want’s their money back so they list at about what they were owed, it doesn’t sell and they lower until they find the market, guess what, they haven’t found it. At any price except the last one, if you were a buyer, you lost money and it is my belief that even the last price is incorrect, time will tell but I will bet that I will find reductions in March, not increases. In fact, in 8 months, it has gone down 227k, about a 30k monthly decline, which is more than 5% a month, what makes anyone believe that March/April it won’t go down to 420k, what is so confusing about this pattern that is repeated on every street, every day, what is it about this pattern that would make anyone think “O.K. that’s enough, it will all sell now.”

Jun 15, 2007 $667,500
Aug 21, 2007 $634,900
Sep 22, 2007 $595,000
Oct 23, 2007 $550,000
Nov 26, 2007 $523,900
Dec 31, 2007 $514,900
Feb 29, 2008 $450,000′”

[Aecetia]

This is from the “We are richer when house prices go down discussion from one of the Temecula watchers, TG:’18 days on the market, reduced 17% in those 18 days, when first listed it was the cheapest house on the street, waiting saved the future buyer 50k

http://www.redfin.com/stingray/do/printable-listing?listing-id=1472071

This beauty came on the market today, 4000 sq ft, amost 100 a square, if you bought yesterday you would miss this record setter at more than 50% off it’s price in 2005 and now it is 47 cents on the dollar and the former model in one of the nicest subdivisions in my area, it’s presence just cost every house in the development 100k

It’s neighbor two doors away is a repo, wasn’t a model, is smaller and has a smaller lot. Despite the bank cutting 80k off it three weeks ago, they will need to chop another 100k to be in line with the one that just came up, why miss the fireworks and buy today or yesterday?

http://www.redfin.com/stingray/do/printable-listing?listing-id=1342782

Or this 20% (75k) drop that happened two days ago, still no sale, next month will probably bring another 75k off

http://www.redfin.com/stingray/do/printable-listing?listing-id=1387676

And finally this is a classic case of what almost every lising looks like that has been on the market for a few months. At each point you claim the bottom and at each point you would have thrown money in the toilet. This is what the market is doing, nothing indicates that it is slowing down. Below the map is the listing price history, for this one I’ll post it bt on the others, just scroll down.

http://www.redfin.com/stingray/do/printable-listing?listing-id=1181669

Oct 02, 2007 $580,000
Oct 17, 2007 $575,000
Oct 30, 2007 $565,000
Nov 05, 2007 $545,000
Nov 09, 2007 $535,000
Nov 19, 2007 $500,000
Dec 11, 2007 $450,000
Jan 02, 2008 $435,000
Jan 11, 2008 $420,000
Jan 16, 2008 $390,000
Jan 25, 2008 $380,000
Feb 25, 2008 $350,000

Fundamentally this is a 2k a month rental so the 125x multiplier is 250k, at that point I will buy it, the 150x is 300k, at that point I’ll think about it, but anyone can say “now is a great time to buy,” prove it to me.
Submitted by temeculaguy on February 29, 2008 – 10:05pm.
Oh yeah i forgot this one, 30% decline in eight months

http://www.redfin.com/stingray/do/printable-listing?listing-id=834917

Orignal price Sep 17, 2004 $503,500
Resale price Jun 15, 2006 $790,000
Repo to bank May 09, 2007 $670,306

Bank want’s their money back so they list at about what they were owed, it doesn’t sell and they lower until they find the market, guess what, they haven’t found it. At any price except the last one, if you were a buyer, you lost money and it is my belief that even the last price is incorrect, time will tell but I will bet that I will find reductions in March, not increases. In fact, in 8 months, it has gone down 227k, about a 30k monthly decline, which is more than 5% a month, what makes anyone believe that March/April it won’t go down to 420k, what is so confusing about this pattern that is repeated on every street, every day, what is it about this pattern that would make anyone think “O.K. that’s enough, it will all sell now.”

Jun 15, 2007 $667,500
Aug 21, 2007 $634,900
Sep 22, 2007 $595,000
Oct 23, 2007 $550,000
Nov 26, 2007 $523,900
Dec 31, 2007 $514,900
Feb 29, 2008 $450,000′”

[Aecetia]

Perhaps clean energy is more to your liking:
How about this? Toshiba’s building a “Micro Nuclear” reactor for your garage?
Posted Dec 19th 2007 11:40AM by Paul Miller
Filed under: Household

Alright, details are slim, and we really have no idea if Toshiba has any plans whatsoever to sell these nuclear reactors to consumers — in fact, we hope it doesn’t — but it does seem like the company is well on its way to commercializing the design. Toshiba’s Micro Nuclear reactors are designed to power a single apartment building or city block, and measure a mere 20-feet by 6-feet. The 200 kilowatt reactor is fully automatic and fail-safe, and is completely self-sustaining. It uses special liquid lithium-6 reservoirs instead of traditional control rods, and can last up to 40 years, making energy for about 5 cents per kilowatt hour. Toshiba has been testing the reactors since 2005, and hopes to install its first reactor in Japan in 2008, with marketing to Europe and America in 2009.

[Aecetia]

Perhaps clean energy is more to your liking:
How about this? Toshiba’s building a “Micro Nuclear” reactor for your garage?
Posted Dec 19th 2007 11:40AM by Paul Miller
Filed under: Household

Alright, details are slim, and we really have no idea if Toshiba has any plans whatsoever to sell these nuclear reactors to consumers — in fact, we hope it doesn’t — but it does seem like the company is well on its way to commercializing the design. Toshiba’s Micro Nuclear reactors are designed to power a single apartment building or city block, and measure a mere 20-feet by 6-feet. The 200 kilowatt reactor is fully automatic and fail-safe, and is completely self-sustaining. It uses special liquid lithium-6 reservoirs instead of traditional control rods, and can last up to 40 years, making energy for about 5 cents per kilowatt hour. Toshiba has been testing the reactors since 2005, and hopes to install its first reactor in Japan in 2008, with marketing to Europe and America in 2009.

[Aecetia]

Perhaps clean energy is more to your liking:
How about this? Toshiba’s building a “Micro Nuclear” reactor for your garage?
Posted Dec 19th 2007 11:40AM by Paul Miller
Filed under: Household

Alright, details are slim, and we really have no idea if Toshiba has any plans whatsoever to sell these nuclear reactors to consumers — in fact, we hope it doesn’t — but it does seem like the company is well on its way to commercializing the design. Toshiba’s Micro Nuclear reactors are designed to power a single apartment building or city block, and measure a mere 20-feet by 6-feet. The 200 kilowatt reactor is fully automatic and fail-safe, and is completely self-sustaining. It uses special liquid lithium-6 reservoirs instead of traditional control rods, and can last up to 40 years, making energy for about 5 cents per kilowatt hour. Toshiba has been testing the reactors since 2005, and hopes to install its first reactor in Japan in 2008, with marketing to Europe and America in 2009.

[Aecetia]

Perhaps clean energy is more to your liking:
How about this? Toshiba’s building a “Micro Nuclear” reactor for your garage?
Posted Dec 19th 2007 11:40AM by Paul Miller
Filed under: Household

Alright, details are slim, and we really have no idea if Toshiba has any plans whatsoever to sell these nuclear reactors to consumers — in fact, we hope it doesn’t — but it does seem like the company is well on its way to commercializing the design. Toshiba’s Micro Nuclear reactors are designed to power a single apartment building or city block, and measure a mere 20-feet by 6-feet. The 200 kilowatt reactor is fully automatic and fail-safe, and is completely self-sustaining. It uses special liquid lithium-6 reservoirs instead of traditional control rods, and can last up to 40 years, making energy for about 5 cents per kilowatt hour. Toshiba has been testing the reactors since 2005, and hopes to install its first reactor in Japan in 2008, with marketing to Europe and America in 2009.

[Aecetia]

Perhaps clean energy is more to your liking:
How about this? Toshiba’s building a “Micro Nuclear” reactor for your garage?
Posted Dec 19th 2007 11:40AM by Paul Miller
Filed under: Household

Alright, details are slim, and we really have no idea if Toshiba has any plans whatsoever to sell these nuclear reactors to consumers — in fact, we hope it doesn’t — but it does seem like the company is well on its way to commercializing the design. Toshiba’s Micro Nuclear reactors are designed to power a single apartment building or city block, and measure a mere 20-feet by 6-feet. The 200 kilowatt reactor is fully automatic and fail-safe, and is completely self-sustaining. It uses special liquid lithium-6 reservoirs instead of traditional control rods, and can last up to 40 years, making energy for about 5 cents per kilowatt hour. Toshiba has been testing the reactors since 2005, and hopes to install its first reactor in Japan in 2008, with marketing to Europe and America in 2009.

[Aecetia]

I found this on the Econbrowser, apparently oil was on $66. a barrel then…. something for the politicos to ponder.

“September 27, 2005
Oil shale report
A number of observers have been pointing to oil shale as the solution to all our energy problems. If oil shale does turn out to be the resource of the future, then our problems are only beginning.

Instapundit sees a ‘plan to put Middle East oil producers out of business’ in this story from the Rocky Mountain News:

[W]ith crude oil above $66 a barrel at the close of trading [on Sept. 20], oil shale is a promising alternative to crude. The Green River shale deposits in Colorado, Utah and Wyoming are estimated to contain 1.5 trillion to 1.8 trillion barrels of oil, and while not all of it can be recovered, half that amount is nearly triple the proven oil reserves of Saudi Arabia.”

[Aecetia]

I found this on the Econbrowser, apparently oil was on $66. a barrel then…. something for the politicos to ponder.

“September 27, 2005
Oil shale report
A number of observers have been pointing to oil shale as the solution to all our energy problems. If oil shale does turn out to be the resource of the future, then our problems are only beginning.

Instapundit sees a ‘plan to put Middle East oil producers out of business’ in this story from the Rocky Mountain News:

[W]ith crude oil above $66 a barrel at the close of trading [on Sept. 20], oil shale is a promising alternative to crude. The Green River shale deposits in Colorado, Utah and Wyoming are estimated to contain 1.5 trillion to 1.8 trillion barrels of oil, and while not all of it can be recovered, half that amount is nearly triple the proven oil reserves of Saudi Arabia.”

[Author]

Posts