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« Bernie Sanders Calls For Shutting Down New York Nuke Plant | Main | Crushed By The Record Oil Squeeze, This Is How Energy Bears Are Shorting Crude Now »
Thursday
Mar312016

Nuclear Power, Once Cheap, Squeezed by Mounting Costs

Reactors were supposed to provide near-limitless electricity at low prices. But as they've aged, their costs have climbed.

Since the Atomic Age exploded into being in the New Mexico desert in 1945, nuclear power has been styled the future of American energy: a wellspring of cheap, reliable and near carbon-free electricity in exchange for a big upfront investment to build each plant. 

But in the past decade, saddled by a cost crunch some experts say could threaten safety and imperil the world's efforts to slow global warming, nuclear power has had a tougher time than ever delivering on that promise.

Natural gas has shouldered much of the blame: The fuel is inexpensive and abundant, the power plants easy to build, the emissions relatively low. Comparatively less attention, however, has been paid to nuclear plants themselves.

read more.....

 

Uranium still trading at around $36/lb, needs to be a lot higher to get the mines moving.

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