Friedberg

Yeah, exactly. I mean, well, you could quantify because Expedia is spending on it every year right now.

Yeah, I don't know the nature of the deals. I did, I think, talk about this a year ago. It was also like my prediction for the year was to buy the uranium stocks predicated on what I think is a really important point. which is as GDP per capita grows, energy consumption per capita grows.

Yeah, I don't know the nature of the deals. I did, I think, talk about this a year ago. It was also like my prediction for the year was to buy the uranium stocks predicated on what I think is a really important point. which is as GDP per capita grows, energy consumption per capita grows.

And if you looked at the projections of GDP per capita in industrialized nations, there was no way, there is no way to meet the energy demand. And this was even pre all this crazy AI build out, which is probably part of the GDP growth. But there is no way to meet the energy demand without nuclear. There is not enough

And if you looked at the projections of GDP per capita in industrialized nations, there was no way, there is no way to meet the energy demand. And this was even pre all this crazy AI build out, which is probably part of the GDP growth. But there is no way to meet the energy demand without nuclear. There is not enough

solar geothermal or wind build-out potential that's happening, that the stopgap measure is going to have to be, and probably the right long-term solution, is to have a significant amount of baseload come from nuclear. And so what's the fastest way to do that nuclear build-out? Well, in China, they have the regulatory authority and the mandate stated.

solar geothermal or wind build-out potential that's happening, that the stopgap measure is going to have to be, and probably the right long-term solution, is to have a significant amount of baseload come from nuclear. And so what's the fastest way to do that nuclear build-out? Well, in China, they have the regulatory authority and the mandate stated.

They're going to build 300 gigawatts with 300 facilities or whatever the number is. And that's what they're doing. Very large facilities that make a gigawatt of power each.

They're going to build 300 gigawatts with 300 facilities or whatever the number is. And that's what they're doing. Very large facilities that make a gigawatt of power each.

In the US, it seems that because of the regulatory structure here and the way that utilities are regulated and the way that the states have authority on the environmental laws and all the other things, that it might be the fastest path to solving this energy gap problem is SMRs. And these things produce tens of megawatts. So again, a gigawatt is a thousand megawatts.

In the US, it seems that because of the regulatory structure here and the way that utilities are regulated and the way that the states have authority on the environmental laws and all the other things, that it might be the fastest path to solving this energy gap problem is SMRs. And these things produce tens of megawatts. So again, a gigawatt is a thousand megawatts.

And we need to kind of probably grow our energy production in the United States by several terawatts over the next decade or two. So this SMR may be the fastest path. Now that could change, meaning we could end up seeing much larger facilities get built out if there's regulatory change in the US and there's more availability.

And we need to kind of probably grow our energy production in the United States by several terawatts over the next decade or two. So this SMR may be the fastest path. Now that could change, meaning we could end up seeing much larger facilities get built out if there's regulatory change in the US and there's more availability.

But fundamentally, we are going to need to use uranium to make electricity to meet the demand of the growing the GDP that it seems we're going to be growing it. I think this is just such a necessity. It's great to see the SMR is getting some attention. I just don't know if they're actually going to get turned on, how long it's going to take. And

But fundamentally, we are going to need to use uranium to make electricity to meet the demand of the growing the GDP that it seems we're going to be growing it. I think this is just such a necessity. It's great to see the SMR is getting some attention. I just don't know if they're actually going to get turned on, how long it's going to take. And

you know, I don't know what this election cycle is going to bring in terms of regulatory change. I think we talked about it with several of the candidates when we were doing the interviews.

you know, I don't know what this election cycle is going to bring in terms of regulatory change. I think we talked about it with several of the candidates when we were doing the interviews.

So I don't think this is going to happen. This show really has a diversity of views, doesn't it?

So I don't think this is going to happen. This show really has a diversity of views, doesn't it?

I think Sachs' point of view, to be honest, is the point of view that will be held by a large number of people, just like they have been with a lot of other kind of- Is it the right point of view, though?