Posted on 03/31/2012 9:01:03 PM PDT by Razzz42
Speaking to about 5o people at the University of Chicago‘s Harris School of Public Policy, Rowe presented a series of slides comparing the economic viability of various energy portfolios, including the “King Coal” scenario favored by Republicans, the “Big Wind” scenario favored by Democrats, and a “Playing Favorites” scenario that shuffles and selects from various energy sources.
All were trumped by a portfolio that relies heavily on America’s sudden abundance of natural gas, which has flooded the market since the boom in hydraulic fracturing of shale gas. Natural gas futures dropped to a 10-year low today—$2.15 for 1,000 cubic feet—on abundant supply, the Associated Press reported.
“I’m the nuclear guy,” Rowe said. “And you won’t get better results with nuclear. It just isn’t economic, and it’s not economic within a foreseeable time frame.”
Nuclear power remains a favorite of the Obama Administration, particularly in the form of small and modular new reactors. But Rowe’s pessimism about nuclear power reinforces statements made by other nuclear experts since the Fukushima nuclear accident in Japan.
(Excerpt) Read more at forbes.com ...
Non energetic ping...
A bit ironic perhaps in that the first self sustained nuclear chain reaction took place at the University of Chicago.
Yep. LFTRs. It’s time is fast approaching...
It’s also ironic that, with the new designs, Fukushima would not happen again.
Rowe made a lot of money (annual salary of $40m, including bonuses) a few years ago when the price of natural gas was high and Exelon’s myriad nuclear plants made tons of cash. In a few years, natural gas will be expensive again, and Exelon will be caught with insufficient capacity if it doesn’t build some new nuclear plants.
But Old Man Rowe got out with his money.
I know it's not a simple comparison. But this nation needs some serious education on simple economics, and send that idiot huckster who's playing the Race Card Dealer back to Hawaii, or wherever he's really from.
“Natural gas futures dropped to a 10-year low today—$2.15 for 1,000 cubic feet—on abundant supply, the Associated Press reported.”
But keep in mind: if we drilled public lands, ANWR, the coasts and the Gulf; built Keystone; and developed our oil shale - that wouldn’t have any effect on the price of gas - and we know this because Obama told us so.
It makes sense. 1 “lifter” per million in population would be my goal.
http://en.m.wikipedia.org/wiki/Liquid_fluoride_thorium_reactor
Stay safe !
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