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Thursday 18 June 2009

Info Post

falling-money Triplepundit asks the following question:

At some point you just have to ask yourself, what is it that these politicians are getting to push nuclear energy so hard?

Answer: knowledge. It’s a powerful thing. You can read the rest of the post yourself, but we didn’t find it all that noteworthy. The opening question was just too easy.

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While Congress is contemplating a new energy policy, American women are paying the electric bills at home and making the critical decisions on energy use in their homes and businesses, according to the national Women's Survey on Energy & the Environment, the first in-depth women's survey on attitudes and awareness about energy.

We look forward to finding out what women think about energy. Oh wait, we already know that – from polls – that also include – men. We genuinely don’t get this one.

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We trust that Mark Miller at the Vermont Law School’s Institute for Energy and the Environment means only the best when he writes that building 100 new nuclear plants, as suggested by the Republicans’ stab at an energy plan, would be ruinously expensive – you can find his whole report here – but it rests almost solely on the basis of the admittedly high cost of building a plant. The actual cost of the electricity the plant produces, how much it costs to run the plant, and the the length of time the plant can stay in operation all feed into the price paid by ratepayers – you and me and everyone we know.

If you leave off these other elements, you get “Cooper Study Shows Trillions of Dollars in Excess Costs if US Builds 100 Nuclear Reactors.” If you add them in, you end up with nuclear being highly competitive. See here (for a pdf) or here (for a PowerPoint show) for attempts to give a full picture of the costs of nuclear energy.

Read Miller’s study in conjunction with these and we think you’ll see how easy it is to make nuclear look like a money pit when, in sum, it can be quite the opposite.

“When it rains, it rains pennies from heaven. So when you hear it thunder, don't run under a tree. There'll be pennies from heaven for you and me.” – A rather grim depression-era tune by Arthur Johnston and Johnnie Burke. We guess Mr. Miller has just put us in a mood.

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