Obama Backing Key to Nuclear Power

[LAGC]

Washington - At a press conference entitled “The Future of Nuclear Power,” financial expert Kevin Book said that President Barrack Obama is a “resolute advocate” for nuclear power, supporting the industry even after the Fukushima Daiichi power plant disaster. Book, an energy analyst with ClearView Energy Resources, said Obama’s support does more to preserve the future of nuclear power than any other politician in Washington. Book believes that as a result of the Japanese tragedy, the nuclear power industry will have trouble raising money in private markets because of costs, concerns about liability and the slowness of the regulatory process.
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Former Congressman Phil Sharp, a strong proponent of nuclear power appointed by President Obama to the Blue Ribbon Commission on America’s Nuclear Future, said that to his knowledge no one has radiation sickness in Japan as a result of the nuclear accident and that nuclear power is going to be a part of our energy future. He said he does not believe that Fukushima Daiichi will be a “showstopper” to new plant development. He believes, instead, that the setbacks to the nuclear power industry are lower energy demand because of the ongoing recession, the high costs of building new nuclear plants and the low cost of natural gas.

When asked about the financial impact of Fukushima Daiichi on the French-government-owned nuclear giant AREVA, Book said that AREVA’s problems with MOX fuel was number three on his list of economic fallout from the reactor disaster. Book said he did not want to speculate on what would happen if the French nuclear giant begins to lose contracts, many of them backed by governments around the world. The U.S. government has several contracts with AREVA including a $5 billion MOX fuel plant under construction in South Carolina,
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Germany reversed course after Fukushima and has closed seven nuclear power plants and is reviewing the extension of 17 others. He called their decisions “flighty” and “emotional.”

http://dcbureau.org/201104141323/Bulldog-Blog/obama-backing-key-to-nuclear-power.html

Nuclear power continues to move forward in America, thanks to Obama's wise leadership on this issue, refusing to buckle under emotional duress from the nuclear scare-mongerers...

It looks like quite a few new nuclear plants will be constructed over the next 10 years to help meet our growing energy-hungry needs. Along with major investments in renewables, we will continue to wean ourselves off of dirty fossil fuels until coal, oil, and natural gas become relics in the dust-bin of history.