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WE DO NOT NEED NUCLEAR FACILITIES, OR THEIR HIGHLY TOXIC NUCLEAR WASTE

1 Aug 2017

INVESTMENT WISE Nuclear Facilities, make no financial sense. At best they take about 14 years to build, cost at least 15 Billion, and are traditionally plagued by cost overuns and construction delays, which are no longer acceptable to potential users/capitalists. Today, economic competition from other Facilities powered by Wind, Solar, Nat Gas, Hydro , etc. make nuclear facilities totally unacceptable to venture capital.

COST OF DE-COMMISSIONING Is a hidden cost of Nuclear Facilities; Point of fact, in the USA five(5) existing Nuclear Facilities have recently ceased operation, and it remains to be seen who will fund the high cost of de-commissioning, which could take many years, and cost untold billions of Dollars. One does not simply turn out the light and post a “closed sign”. Accordingly, the Nuclear Energy Industry has lobbied laws such that after 40 years, a nuclear facility becomes the property of the country. In other words, “Let the public pay for it, all we need do is sit it out.” Its a hell of a way to run a Facility, and one added tax for the public.

NUCLEAR CENTRAL FACILITIES ARE NO LONGER BEING BUILT. Nuclear Central Facilities already under construction in many countries are doomed to failure, overtaken by events, world needs, plus Technical and financial considerations. Venture Capitalists will need to bite the bullet. They are victims of history, greed, and technollogy. Countries that sell Nuclear facilities like Japan/Toshiba/Westinghouse, France/EDF (Areva), Russia and their surrogates (Westinghouse – recently bankrupt), China,and others, no longer build them for themselves for the same reasons.

POLITICS AND FINANCIAL INDUCEMENTS are rapidly disappearing everywhere. In The USA The Trump Administration speaks with ambivalence, Congress has no time for it. Truth be told, the US government can no longer afford “tax credits”; specially to those who fail to satisfy the stated requirements. Nuclear facilities are toast. Problem is nobody, but nobody likes that kind of toast.

Edward Oliver Gonzalez (gonzedo)

03-2017

August 1, 2017 at 2:29 AM
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