Wednesday, June 21, 2006

Nuclear Market May be Much Larger Than We Think

Back in Novemember we predicted that, based on experience with technology marketing, we might expect the nuclear "renaissance" to be larger than most people expect. Much larger.

Link here...

Far from being dead, the nuclear power industry is just now entering its main growth phase.

Another Stake in the Heart of "Not Enough Uranium"

The UN International Atomic Energy Agency released its "Red Book" study of global Uranium supplies. Guess what? There is at least enough for 85 years, and they note that worldwide prospecting will likely uncover lots more.

Link here...

With new technology, they noted, we have enough Uranium for 2,500 years.

Wednesday, June 14, 2006

Ted Turner Fans, Check This Out...

For those of you who enjoy the frequently-amusing comments from Ted Turner, here are some comments on nuclear power.

Ted Turner knows there are dangers associated with nuclear plants. He
acknowledges the risk of meltdown and the possibility of reactors being targeted
by terrorists. But if those issues can be worked out, he says, an expanded nuclear power program might be a viable, environmentally sound option in America’s critical search for alternative energy sources.

“I’ve got an open mind about nuclear power and I think it would be good to have a public debate about it,” he says. “Let’s give it another look.”

Monday, June 12, 2006

Pro-Global Warming Crashes into Anti-Nuclear

We predict that, looking back at today, historians will note the collapse of large parts of the environmental movement as it currently exists. One of the top reasons is their stubbon anti-nuclear stance.

Here is the key thing:

Environmentalists cannot be both pro-global warming and stridently anti-nuclear and keep the respect of any objective, reasonably intelligent audience.

The two positions are inherently contradictory, and any attempt “explain away” or distract from that contradiction will fall flat. Always. It is a losing political argument. Always.

Sunday, June 11, 2006

Russian, China, Britain Confirm Nuclear Renaissance

In the past week, national leaders have been falling all over themselves to renew their commitment to nuclear power...


"MOSCOW REGION, June 9 (RIA Novosti) - Russia will start constructing two nuclear power units a year inside the country beginning in 2007 to make the country competitive on the world markets, Russia's top nuclear official said Friday. "


"ONE of China's top planners has pledged Beijing's commitment to a massive expansion of the country's nuclear generation capacity over the next 15 years."


"Britain's Chancellor of the Exchequer Gordon Brown endorsed nuclear power in an article in the Times this weekend, making it more likely that the Government will commission new plants."


Just kidding! France has more power than they can use. They switched their electrical grid to nuclear power years ago. So now they are planning to sell to the Brits.

Sunday, June 04, 2006

Debunking the "Not Enough Uranium" Myth

On a regular basis we see an objection to nuclear power that says "There's not enough uranium, we're going to run out in 20 (or 50, or whatever) years"

This is absolute nonense. Here are the facts:

  • There are huge deposits of uranium lying undiscovered in the world. The only reason we don't know about them is because nobody has bothered exploring for decades, because demand was flat and prices were rock bottom. There is easily more available energy in the uranium than the total of all oil and gas every burned in the world.
  • Based on recent upticks in price, there is already an exploration boom.
  • Increases in uranium have very little impact on the price of nuclear energy, because so little of it is used. You could triple or quadruple again the price of uranium and it would add only 10% to cost of fuel. With oil or other fossil fuels, a triple in fuel price translates almost directly to electricity cost.
  • In fact, that is what makes nuclear such an attractive power source for many nations: once built, they are almost immune to fuel costs. Many reactors buy enough fuel for 10 years and simply store it on site. They can then ignore price changes.
  • Reactors are already improving their fuel efficiency. Remember that current reactors get the equivalent of 3 miles per gallon. New reactors could easily double or triple their efficiency. 20 years from now, reactors will double or triple their efficiency again. In 40 years the new reactors won't need new fuel at all because they'll be burning the waste left over from the current reactors, getting 5 times more energy from that waste than was obtained originally.
  • Remember that the people who fund the reactors, who are investing BILLIONS of dollars, wouldn't do so if they felt for even a moment that they were going to run out of fuel. They know it's a non-issue.

    The uranium shortage thing is myth. Let's focus on real issues.