Tue, 16 Feb 2010 at 4:32 pm
U.S. Approves Loan Guarantees to Build Reactors – NYTimes.com.
Great idea. Lets hand out loans to companies that want to build nuclear power plants in the U.S. Since we know that nuclear power generation is completely unprofitable, the odds of us ever getting this money back is pretty slim.
Now I know that those of you on the left will argue about the dirtiness of nuclear power and the waste that is generated and the danger of accidents which can irradiate whole tracts of land. Those on the right will proclaim how nuclear energy does not pollute the atmosphere with greenhouse gases (curiously, they don’t believe in global warming, but they still insist on making this point); and how nifty it is.
But the fact is simple economics. There hasn’t been a nuclear reactor built in the US since 1970. This is because running a nuke plant isn’t profitable. The cost to build, maintain, and dispose of the waste generated outweighs the potential income over the 40-year life of the reactor.
Now, the Obama plan seems to be to make nuclear power profitable by subsidizing it with government money. This would be a good idea if it would generate jobs in the US. Unfortunately, since the US hasn’t built a nuclear reactor since 1970, nobody in America knows how to build one. So everything. . . EVERYTHING. . . will have to be outsourced to overseas firms. Sure, the guys who run the place after it is built will have jobs — but it wouldn’t matter if they were building a coal plant or a nuke plant, those folks would still have jobs.
So, overall, even apart from the environmental and health concerns over nuclear power, this is a really bad idea.









