The Nuclear Option
Ballooning energy needs, volatile fossil-fuel markets and worries about global warming are pushing countries around the world to reconsider nuclear power. Full Story »
Posted by Fabrice FlorinReview
Well, building nuke plants is very profitable, but let's look how interested Wall Street is in operating nuke plants. They aren't. No waste disposal site is even on the drawing board and the US is already non-compliant on it's promise to take spent fuel. Maine has no power from nukes but spends a fortune storing spent feul from an old plant that closed. No one wants to own a nuke plant. No one wants to live next to one. The expense of a nuke plant is 10 times the expense of wind or solar thermal plants on a per megawatt basis. Are you going to invest in owning one?
Remember that every American is forced to invest in the company that insures all of the nuke plants built in the US for all accidents, and that company doesn't even charge anything for that coverage. That company is the US Government. Isn't being forced to invest in a horrible business proposition by forcing us to pay taxes for all nuke accidents, all spent fuel storage for all time, and all the additional perks, what they mean by "Big Government?"