Skip to main content

President Obama on Energy: Chuck Schumer

Last week, the senior Senator from New York, Chuck Schumer, stopped by the Charlie Rose show and surveyed the Senate landscape under an Obama administration. A transcription follows, but mere text on a page does disservice to the actual exchange - occurring at the 13:40 mark in the video below.
Charlie Rose: What else will we see in terms of legislation in the House and Senate?
Chuck Schumer: You will see a really serious energy policy that will wean us away from fossil fuels.
Charlie Rose: Okay, but tell me what that means. What is going to wean us away?
Chuck Schumer: It means, it's going to mean changing the tax laws. We developed...
Charlie Rose: Incentives to...
Chuck Schumer: All kinds of alternative energies. All kinds. I would say with President Obama, nuclear energy is on the table. Okay? People don't realize that. It's in his platform.
Charlie Rose: Add to nuclear energy?
Chuck Schumer: Mmm hmmm. Mmm hmmm. [Affirmative]. With Senator Obama, all kinds of... now, we'll have an electric car. Production. Work. Travels the same distance in five or six years. Okay?


Matthew66 said…
Westinghouse and Chicago Bridge and Iron announced last week that a $150 million contract for the fabrication of two containment vessels for AP1000 nuclear reactors. The utility involved was not disclosed. Currently there are six applications for twelve AP1000's being considered by the NRC. If CBI does a good job on the first contract, they're frontrunners for the other five, potentially another $750 million. Does anyone seriously think that President Obama is going to take that kind of work away from a company tied to his home state?

The new build in the nuclear industry is going to provide a lot of jobs to traditional Democrat voters - steel workers, boiler makers, electrical workers, construction workers, shipyard workers. They've delivered Michigan and Virgninia to the Democrats. I don't think the President-elect is going to bite the hand that feeds him.
Anonymous said…
If I were thinking about building a new reactor, I would be very worried about that capital at risk. With capital being very scarce, commodities being expensive, and real reason to believe that Harry Reid will set the agenda in the Senate, I would not bet the company on a risky new plant project that ends like that fancy new plant on Long Island that never made power.

Popular posts from this blog

A Billion Miles Under Nuclear Energy (Updated)

And the winner is…Cassini-Huygens, in triple overtime.

The spaceship conceived in 1982 and launched fifteen years later, will crash into Saturn on September 15, after a mission of 19 years and 355 days, powered by the audacity and technical prowess of scientists and engineers from 17 different countries, and 72 pounds of plutonium.

The mission was so successful that it was extended three times; it was intended to last only until 2008.

Since April, the ship has been continuing to orbit Saturn, swinging through the 1,500-mile gap between the planet and its rings, an area not previously explored. This is a good maneuver for a spaceship nearing the end of its mission, since colliding with a rock could end things early.

Cassini will dive a little deeper and plunge toward Saturn’s surface, where it will transmit data until it burns up in the planet’s atmosphere. The radio signal will arrive here early Friday morning, Eastern time. A NASA video explains.

In the years since Cassini has launc…

Sneak Peek

There's an invisible force powering and propelling our way of life.
It's all around us. You can't feel it. Smell it. Or taste it.
But it's there all the same. And if you look close enough, you can see all the amazing and wondrous things it does.
It not only powers our cities and towns.
And all the high-tech things we love.
It gives us the power to invent.
To explore.
To discover.
To create advanced technologies.
This invisible force creates jobs out of thin air.
It adds billions to our economy.
It's on even when we're not.
And stays on no matter what Mother Nature throws at it.
This invisible force takes us to the outer reaches of outer space.
And to the very depths of our oceans.
It brings us together. And it makes us better.
And most importantly, it has the power to do all this in our lifetime while barely leaving a trace.
Some people might say it's kind of unbelievable.
They wonder, what is this new power that does all these extraordinary things?

Missing the Point about Pennsylvania’s Nuclear Plants

A group that includes oil and gas companies in Pennsylvania released a study on Monday that argues that twenty years ago, planners underestimated the value of nuclear plants in the electricity market. According to the group, that means the state should now let the plants close.


The question confronting the state now isn’t what the companies that owned the reactors at the time of de-regulation got or didn’t get. It’s not a question of whether they were profitable in the '80s, '90s and '00s. It’s about now. Business works by looking at the present and making projections about the future.

Is losing the nuclear plants what’s best for the state going forward?

Pennsylvania needs clean air. It needs jobs. And it needs protection against over-reliance on a single fuel source.

What the reactors need is recognition of all the value they provide. The electricity market is depressed, and if electricity is treated as a simple commodity, with no regard for its benefit to clean air o…