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--></style></head><body lang=EN-US link=blue vlink=purple style='word-wrap:break-word'><div class=WordSection1><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'><p class=MsoNormal><b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>From:</span></b><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'> spike@rainier66.com <spike@rainier66.com> <br><b>…</b></span><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p></o:p></span></p></div></div><div><div><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>>…Update for day 6: I have been by there twice today, zero customers. I have an idear however, which I shall share a little later today. Idears are better than ideas, for reasons I shall likewise explain later, but now I gotta scoot forthwith…. spike<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Good chance everyone here will agree that the Singularity will eventually happen. We may disagree to some extent on when. We should have investment strategies consistent with our own predictions of course. We likely also agree that the singularity and AI in general will be power hungry, and that it is quite likely that more generation capacity is needed, which will drive up the cost of power, and will provide marvelous investment opportunities with enormous profit potential.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>The S-alphas need something that can be scaled up quickly. The power sources currently scalable quickly are oil-based. Reasoning: locomotives can be purchased and used for generating power, for they are already built and capable of running at equilibrium for extended periods. The power would be used for AI rather than pulling train cars. That would require more oil production, but it isn’t just drill baby drill. That is a slightly longer term solution, but there are existing oil wells mostly idle for lack of demand, and existing refinery capacity idle for lack of demand. The S-alpha would look to those facilities.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>The S-beta thinker would look perhaps toward coal and natural gas generators, which can also be scaled up quickly, for many of these already exist but are idle. The kinds of considerations about being forbidden by the state of California from connecting to the grid has a work-around: it wouldn’t need to connect to the grid at all. A coal-fired plant aboard a ship could supply power to a data center aboard the ship. No connection to the internet would be necessary. A retired military ship or cargo vessel would suffice.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>The longer term opiners (S gammas, deltas and epsions) might favor solar, wind, or even nuclear (those take a long time just to get a permit, in addition to the time it takes to build them.)<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>In the meantime, the self-driving cars may be a better investment opportunity, for it is easy enough to see they have somehow managed the liability challenge. I don’t know how they did it, but Waymo is operational. It has shown practicality. Waymo hasn’t killed anyone. The Elaine Herzberg fatality was an Uber in self-driving mode, which is the fault of the human driver, legally. There have been plenty of accidents, but no fatalities. My best guess on why would suggest the Waymo car never panics and is still trying to stop right up until collision, making the accidents less fatal. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>If market penetration gets sufficient, a jury might be less likely to award 100 billion dollars to a victim, putting the company out of business (and losing one’s investment.) So… my notion now is that investment in Waymo (or any viable competitor to Waymo) is a better investment than power generation.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>Mike, John or anyone else interested in this topic, do offer your views please. <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'>spike<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:11.0pt;font-family:"Calibri",sans-serif'><o:p> </o:p></span></p></div></div></div></body></html>