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Old 04-30-2010, 08:03 AM   #18
Perfectlap
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Nuclear is a lot more complicated than just calling 1-800-Nukuler.
The financial risks are huge. You know how they tell you that your budget of $300K to build a house better be more like $500K? Well try that with a nuke plant.
That's not exactly something that attracts very risk averse investors in a credit unfriendly future. One construction or engineering mistake...poof...there goes your break even.
Even if you wanted to undertake a wholescale flipping of coal to nuke power tomorrow you couldn't do it because the existing backlog from Europe and other economic powers is huge. I think the wait for the domes from manufacturers in Japan is up to eight years or something. Much like hybrid electric cars aren't much of a cost savings to the buyer in the long run-- its not what the buyer is really thinking about at first. Sorta like financing a car or home and squabling over the monthly payment at the dealer or mortgage broker only to later realize they paid a fortune in interest, enough to buy another house and many cars. It does however get us off the uncertainty of global demand and NYMEX energy traders just looking for an excuse to spike crude oil prices from one week to the next. Nuclear seems to be the only option. A rock and hard spot situation for sure.
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Last edited by Perfectlap; 04-30-2010 at 08:05 AM.
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