Jason Barton

Professional Information and Energy News

Adding some juice to the nuclear energy industry

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I’ve heard that about the biggest cost for building a nuclear power plant is the legal fees required to protect the operating firm from all of the liability and public pressure on new plants. Could it be that this is the reason why Obama, an attorney, is putting so much government money into nuclear energy? All that hope, fading to cynicism in the face of all this deficit spending.

I still like nuclear power, but am tired of thinking about the debt my grandchildren will be forced to shoulder due to a decade of irresponsible government. Come on, Obama, where’s the fiscally conservative pragmatist endorsed by The Economist?

Saturday, February 20, 2010

“OBAMA doubles down on nuclear energy,” wrote an environmental blogger after the president’s State of the Union address last month. Actually, it’s more like he tripled down. After his speech, he proposed increasing the size of the federal loan guarantee program for building nuclear power plants from $18 billion to $54 billion, and this week he backed two proposed reactors in Georgia — which would be the first built in decades — promising that this would just be the first of many such announcements.

Read the entire article here.

Written by Jason

February 20th, 2010 at 2:06 pm