Skip to main content

High Oil Prices Spur Support for Nuclear Energy

The (South) Dakota Voice reports today on a survey by Rasmussen Reports that finds increasing support for nuclear power, which may be directly related to sky-high oil prices:
As the price of oil surges, so has support for building nuclear power plants in the United States. The latest Rasmussen Reports survey finds that Americans support the nuclear power option by a more than 2-to-1 margin (55% to 24%).

In June, before the latest surge in oil prices, the country was more evenly divided on that question--44% in favor and 35% opposed. Much of the growth in support for nuclear power plants can be found among women and Democrats. However, men and Republicans remain even more supportive.

Eighty-seven percent (87%) of Americans believe it is somewhat or very important for the U.S. to reduce its reliance on imported oil. That's essentially unchanged from the earlier survey.

Also unchanged is the belief that energy conservation is not a lasting solution. Sixty-four percent (64%) say that, in the long run, developing new sources of energy is more important than conserving energy. Just 26% take the opposite view.

Sixty-four percent (64%) of men and 46% of women say it is "time for the United States to begin building power plants again." Twenty-two percent of men and 25% of women take the opposite view. Earlier in the summer, a plurality of women were opposed to building new nuclear power plants.
Technorati tags:

Comments

Popular posts from this blog

Fluor Invests in NuScale

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...

Wednesday Update

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...

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

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...