Kirk Sorensen: Oh yes, I can give you a great update because I was at a conference in Nashville just two weeks ago and one of the representatives from the Chinese Academy of Sciences was there. He gave a presentation, showed us where they were at, what was going on. It was really clear to me that they are making tremendous progress. I saw pictures of test loops. I saw pictures of lithium separation cascades. I saw pumps and heat exchangers and fuels and all manner of things under development. So yes, I mean, they are—...Energy is the master commodity. Everything else depends on energy. And if you do not have an energy supply that is reliable and sustainable, you are putting your entire nation at risk...Other people are doing it. The United States—we have discovered every part of this. We really, really ought to be at the forefront.
Not much that's new here. What didn't get mentioned was that our government suppresses this research. It is suppressed by the regulatory regime. If that were to change, it may be possible to get investors interested in this. As it stands, it is too risky.
It is not risky because the tech is risky. It is risky because the government is making it impossible to do business. It is risky in terms of business risk. The tech is good, but it cannot be developed as long as the regulations remain as they are.
Update:
Our regulators need to be more like Canada's.
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