Nuclear Power Is Losing Money

I try not to be a one trick pony meaning I try not to post on only one subject….I feel my readers would like an extended view of what is happening in the world these days.

For the past couple of elections there has been a solution to our energy problem….nukes.  It has been debated and debated but this time it is not so important because of fracking.

And now it looks like Nuclear Power may have been on its last leg…..

Half of existing nuclear power plants are no longer profitable. The New York Times and others have tried to blame renewable energy for this, but the admittedly astounding price drops of renewables aren’t the primary cause of the industry’s woes — cheap fracked gas is.

The point of blaming renewables, which currently receive significant government subsidies, is apparently to argue that existing nukes deserve some sort of additional subsidy to keep running — beyond the staggering $100+ billion in subsidies the nuclear industry has received over the decades. But a major reason solar and wind energy receive federal subsidies — which are being phased out over the next few years — is because they are emerging technologies whose prices are still rapidly coming down the learning curve, whereas nuclear is an incumbent technology with a negative learning curve.

Source: Nuclear Power Is Losing Money At An Astonishing Rate | ThinkProgress

Should we continue to explore this as an energy source even to the point of a bail-out…..a solution that many do not like……what should we do?

5 thoughts on “Nuclear Power Is Losing Money

  1. My “HE that will not obey” told me just today that Solar Energy is experiencing the same problems and only has about 15-20 years before there will be no replacement parts because all the business are approaching bankruptcy without Governmental Funding. So now what? ~~dru~~

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