Sunday, November 05, 2006

European Blackouts...Nuclear Power Needed

Yesterday there were blackouts rippling across Europe and the nation of Georgia was being blackmailed by their former masters Russia, who is threatening to raise their natural gas prices.

A good example why nuclear power is an inevitable winner in the future. When people's power goes out or they are freezing to death because their gas has been cut off...then suddenly, magically, they lose their objections to nuclear power.

Buy uranium futures!


At 1:25 PM, Blogger oil_sand_man said...

Russia wishes to sell its natural gas to the west where it can get 5 time the price for its natural gas
why should it sell natural gas to a former soviet state when it gets so much more for its gas in the west.
It is no wonder that Russia and the former states of the USSR are interested in Nuclear energy. Russia and its former state of the USSR are planning to build as many as 40 to 50 nuclear reactors. This would displace large amounts of natural gas on the market for higher profit. Can you blame them?
Alberta oil sands can do the same as the Russian's plan. But we Canadians are too stupid. I gess we played to many hockey games without a helmet. Alberta is burning 1 billion cu ft of gas per day for the Oil sand industry. Unlike Russia where it sells at a price 5 times less then what it can get from western euroupe. The gas is sold at market value in Alberta but
that results in a $650 million subsidy the provicial government to home owners for high gas prices per year. So rather then spending this $650 million per year on the capital cost of a nuclear power plant they wish to spend this money year after year on this subsidy.
This is energy insanity. This shows the Russians are smarter than Canadian's. I gess they play hockey with helmets.

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