If you've ever read this guy you will swear this piece is satire, but he appears to be serious. Interesting times we live in.Yes, when I saw that Monbiot apparently had a somewhat stunning change of heart, I almost fell out of my chair!
http://mg.co.za/article/2011-03-22-w...-nuclear-power Originally Posted by Iaintliein
Along the same vein, here's another short piece:
http://www.guardian.co.uk/environmen...-atomic-energy
I suppose you could say that he isn't so much pro-nuclear as he is anti-coal. (But of course it's all relative!)
It's just a little tough to get where we need to be with windmills and solar panels. Windmills are great for the folks getting production tax credits. For everyone else? Well, maybe not so much.
But perhaps the biggest obstacle of all facing the development of nuclear power is economic. Few private entities can even consider carrying the cost of new reactors on their balance sheets. They would need assurances that the rules won't change in the middle of the game, as well as large loan guaratees.
I read recently that a nuclear industry executive opined that natural gas prices would have to rise to around $8/MCF or higher before investors can justify the amortization of new nuke plants. Right now, the gas price is about half that, and less than one-third the level of about five years ago. Huge new discoveries in the Haynesville and Marcellus shale formations mean that we have several times more recoverable gas that we thought we did a few years ago.
So it's much easier -- and looks better on quarterly statements in the earlier years -- for utility executives to just build a few new gas-fired plants to throw into the coal/natural gas mix while claiming that they're "environmantally responsible" -- since natural gas burns cleaner than coal.
Personally, I'd rather move toward a major expansion of natural gas as a transportation fuel. It's been said that with all the new discoveries, we're the "Saudi Arabia of natural gas." And an MCF of natural gas (about $4 at current prices) contains several times more energy than a gallon of diesel fuel.
Instaed, we're killing ourselves by importing huge amounts of oil. Not only is that bad from a geopolitical point of view, the huge addition to the negative trade balance has terrible import for our economy over time.