There are reports that China has found a way out of the 'drill baby drill' mantra. Many years of quiet research have provided the Chinese with the expertise to extract the same fossil fuel from 'air' and 'water', two of the most abundant matter on earth. By air I mean the carbon dioxide extraction and from water I am talking about the hydrogen. I do not know the exact details, but it is the result of combining the two under high pressure and extreme low temperature to create a liquid that can be stored as fuel and later released as energy to generate electricity. Seems a far-fetched idea right now, just an initial breakthrough, more like science fiction, but can we say that there is no smoke without fire. Many things have to come together to make this breakthrough and China had them all. It is a first step, but it shows it can work.
We may ask why China is doing this when it is moving away from fossil fuel in the first place. The answer is pragmatism. The sun does not shine the whole day for solar power, while the wind does not blow the whole day for wind turbines. This new source of power, if harnessed, could enable China to move a further step away from oil. Knowing the Chinese, they can eventually make things much cheaper than others who tried the same thing. Do not underestimate the Chinese resolve.
Of course, the West can ridicule the project as science fiction. Let it be. And let them suffer the consequence of being overly skeptical regarding the Chinamen, still thinking they can only be chefs and laundrymen. Let them think like Elon Musk, laughing away at the Chinese EV threat. He is not laughing today.
Who can laugh last will still laugh best.
Anonymous
2 comments:
AI is the last trump card that the USA holds, and it is tottering. The USA tech giants are desperate to keep Chinese AI out of the USA market, the usual modus operandi. These USA AI giants know they cannot compete and their days are numbered if the USA Government does not ban Chinese AI capturing the USA market. Not everyone needs the top-end LLMs for average tasks, and this realization is making big AI tech giants nervous with all their investments at risk.
AI collapsing will bring down the whole USA economy. All that talk about trillion-dollar companies and trillionaires, built on hype and free money printing, will just evaporate into thin air. They are just backed by hype, not old school backing of either gold or solid assets. No, certainly not crypto which is also a scam. I think Jensen Huang is starting to realize his precarious position as a touted five-trillion-dollar outfit. When China finally figures out how to overcome the ASML hurdle, the stew is cooked for the USA.
Honestly, how many people really trust the paper gold trading fiasco when the world cannot even trust the physical gold in Fort Knox being still in existence. The fact that the USA Government refused to let Fort Knox be audited tells a very sobering tale. It is really mind-boggling that there are people believing in make-believe scams proliferated by sleek financial experts to profit at their expense.
SpaceX is another house of cards built by Elon Musk and investors are now left holding the bag. Building Data Centers in space is becoming one big joke. The next big IPO that comes onto the market, which is OpenAI, is going to suffer the deprivation of more hot air pumping, unlike SpaceX that had caught the worm when everyone was still sleeping. Now investors in SpaceX are licking their wounds.
Very soon, the USA will run out of feet to shoot, according to one comment. How precise that is.
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