Skip to main content

Roberts vs. Huber on Peak Energy

By Eric McErlain
On Saturday, the LA Times printed an email exchange between Paul Roberts, author of The End of Oil: On the Edge of a Perilous New World and Peter Huber, co-author of The Bottomless Well: The Twilight of Fuel, the Virtue of Waste and Why We Will Never Run Out of Energy.

This comment from Roberts caught my eye:
As with other "silver bullet" technologies, nuclear is too often touted as the endgame, when, at best, it can be only a piece of the next energy economy.

"Silver bullet"? As far as I'm concerned, the nuclear industry has never touted itself as a complete panacea to America's, and the world's, future energy needs. What the nation and the world need is diversity of supply -- a situation where we don't become overly dependent on any one type of fuel to supply our energy needs. That's the situation we find ourselves in today, as overbuild of natural gas-fired electric capacity has placed intolerable pricing pressure on that marketplace.

Another aside: I've read Roberts' book, and while it provides a comprehensive examination of the "Peak Oil" theory, he hardly touches on nuclear energy at all -- including its critical role in displacing oil-fired electrical generating capacity after the 1973 oil embargo.

Technorati tags: , , , , ,

Comments

JMS said…
Perhaps you in the industry haven't touted nuclear as a silver bullet, but there are those who do...

http://www.wired.com/wired/archive/13.02/nuclear.html

How many nuclear plants would be a good amount - the fifty by 2020 number, or something more aggressive?

Projecting more than that is iffy, of course, due to the incredibly high capital costs.
April 25, 2005 at 9:28 PM
Post a Comment

Popular posts from this blog

Fluor Invests in NuScale

By
You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...
1 comment
Read more

Wednesday Update

By
From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...
Post a Comment
Read more

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

By
Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...
Post a Comment
Read more