The „turkey illusion“ and nuclear energy

In this country, the power supply is fairly reliable. In the past 15 years, outages have only lasted between eleven and 16 minutes. But the President of the Austrian Society for Crisis Prevention, Herbert Saurugg, speaks of the "turkey illusion". The turkey is fed every day and is thus convinced that its beautiful life will continue. The animal’s confidence is at its greatest the day before it is slaughtered. A beautiful portrait.

The distribution of global energy production by energy source has not changed much in the last eight years. Oil still accounts for around 30 percent of energy production, coal for 27 percent and gas for around 21 percent. Nevertheless, a decline of up to 1.7 percent has been recorded for these three since 2015. Nuclear energy can contribute to the supply of electricity and without it, it will not be possible to meet the growing global demand for electricity. Electrification is forecast to require 658 terawatt hours of electricity by 2030. In 2018, this figure was still 595 terawatt hours. The use of low-emission electricity from renewable energies requires the electrification of sectors such as heating and transport. Industry also needs electricity if it wants to produce hydrogen. Global electricity consumption has more than tripled since 1980.

Incidentally, Iceland is a frontrunner in terms of electricity consumption per capita because it has many data centers. The biggest electricity consumers are China and the USA. If you look at the various sectors, the industrial sector is at the top. From a global perspective, the share of renewable energies is growing, but oil, coal and natural gas are still the main suppliers. No wonder the number of nuclear power plants is increasing worldwide, and they need uranium, which is what companies like IsoEnergy and Uranium Royalty stand for.

IsoEnergy – https://www.commodity-tv.com/ondemand/companies/profil/isoenergy-ltd/ – owns high-quality uranium projects in the USA, Canada and Australia.

Uranium Royalty – https://www.commodity-tv.com/ondemand/companies/profil/uranium-royalty-corp/ – does not have any uranium projects as a royalty company, but as the only royalty company in the uranium sector, the company has a remarkable portfolio.

Current company information and press releases from Uranium Royalty (- https://www.resource-capital.ch/en/companies/uranium-royalty-corp/ -) and IsoEnergy (- https://www.resource-capital.ch/en/companies/iso-energy-ltd/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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