JOHN A SCHOONOVER—A conversion project of the magnitude described above is beyond the capabilities of the global capitalist economy in its current state of decay. A cut in petroleum product consumption in the early stages of the COVID-19 pandemic pushed the price of oil negative for a while, and it is currently selling below $40/barrel less than production costs for many producers. The first large victim of this relatively minor disturbance has been ExxonMobil, which Dow Jones no longer lists. Imagine the effect on the oil industry, in particular, and capitalist economies in general were a decision to replace petroleum with uranium to become policy. Every oil company would have to write down the value of its assets, oil in the ground and equipment, and rapidly declare bankruptcy. It would be necessary to artificially maintain oil production during the interim period until it is no longer needed.