Nuclear power, on the other hand, needs little area to produce massive amounts of energy and does it with 90 percent reliability, zero greenhouse gasses, very little waste (all of it low-level and recyclable) and all for about three cents per kilowatt hour. The American nuclear industry's stellar safety record over 50 years is one of the reasons why, according to a recent poll, 70 percent of Americans and an increasing number of mainstream environmentalists are supporting it.More here.
Oddly, some people claim the recent decision by MidAmerican to end plans for a nuclear plant in Payette County really means the entire industry is doomed. Warren Buffet ultimately made the decision and who are mere mortals to question his business savvy?
While nuclear plants are quite profitable when operating, the overwhelming commitment to build one is not for the skittish or those wanting immediate investment rewards. I think Buffet, a newcomer to the nuclear energy field, realized he was in for a long haul and left to look for easier profits. I know I am right because there more than 21 other companies eagerly building plants.
Also, it's duplicitous for nuclear opponents - a few of whom hold official positions - to do all they can to drive up the cost of nuclear plants, then turn around and claim nuclear power is too expensive. It's also duplicitous for them to label nuclear energy developers as greedy merchants, then claim their plants can never be profitable. Which is it?
Nuclear Energy Insider Newsletter 7/23
54 minutes ago