'Big Oil' Must Go Nuclear

From ThisIsMoney:

Shell and BP will have to go nuclear if they want to remain 'supermajor' leaders of the global energy industry.

That is the startling finding of a major report into the energy industry in the age of climate change by JPMorgan.

The US investment bank envisages that 'Big Oil' will play a significant role in the future redevelopment of nuclear power.

The JPMorgan report suggests that within 10 years, nuclear will be at the top of the agenda for a world preoccupied with clean, green energy and replacing diminishing global stocks of oil and gas.

Nuclear is also likely to come to be seen as the only effective future for the socalled 'hydrogen economy', when powercharged fuel cells replace oil in the global automotive industry and elsewhere.

This could definitely be great if oil companies get into the nuclear game. They have plenty of market capital to build new reactors in the first place and would be able to fund billion dollar projects without blinking.