Skip to main content

Obama, McCain on Nuclear Energy: The TV Ads


As an admitted media-obsessed political junkie, I enjoy watching any political ad; if there were campaign ads out there by candidates running for dog catcher, I'd probably watch 'em. With advertising budgets a bit bigger and the stakes a whole lot larger, the presidential campaign ads are, for me, must-see viewing.

The first RNC TV spot to be released, "Balance," has really caught my eye. Perhaps it was just pure nostalgia - that 1970's Social Studies class filmstrip aesthetic really took me back. (Here's a helpful Wiki link to "Filmstrip" for those under the age of 30.) More likely it was the ad's claim that Obama has said "No to Nuclear Power." The creators cite a Newton, Iowa Town Hall event from Dec. 31, 2007 as the source for quotation.

A couple of quibbles: the event happened on Dec. 30th, not the 31st. More significantly, the full transcript shows Obama supporting nuclear energy at the end of his response to the questioner.
I have not ruled out nuclear as part of that package [alternative energies and creating clean technologies]...
At a more recent event, a June 20th, 2008 meeting with U.S. governors, Obama had this to say about the role of nuclear energy in America's future
I've said this before, I don't think nuclear power is a panacea but I also think that given that it doesn't emit greenhouse gases, for us to invest some R&D into seeing whether we could store nuclear waste safely or reuse it...I mean these are all areas where the market interacting with a clear set of rules by the federal government and billions of dollars devoted to research and development can, I think, trigger the kind of economic growth we haven't seen in this country in a long time.
Obama's support for the nuclear industry has not been as full-throated as McCain's - he's not called for the building of 45 new reactors by 2030 - but to claim he's said "No to Nuclear" is inaccurate, at best.

Comments

Anonymous said…
"I have not ruled out nuclear as part of that package"

I'm not sure that I'd exactly call this statement supportive.
KB said…
@ durden.
Sure, one can argue the degree or depth of support that this quote shows...but a "no" to nuclear it is most certainly not.
Anonymous said…
Going full out nuclear is (very much unfortunately) a political suicide for any politician in the Democratic party. Obama is a politician, a Democrat and not suicidal. I guess this is the maximum he can say, still not alienating some hardcore base Edwards-leaning folks ...

-t7-
Anonymous said…
This interview that Obama did with the Keene Sentinel in New Hampshire contains his most extensive comments on nuclear energy that I've come across.
Anonymous said…
I think I saw that filmstrip, KB. It was about Kon Tiki, right? :)

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...