Nuclear Energy

Nuclear Energy is a potential energy of particles inside an atomic nucleus. There are a lot of Nuclear Power plants around the world right now. Everybody knows the Nuclear power is useful, but most of us didn't face the problems of Nuclear power plants until the Janpanese Nuclear Crisis. There was an accident in 1979 in U.S., which is called Three Mile Island accident. That's the second largest accident in the world history. I don't agree to build any more plants, because it costs more than $800 million dollars per one. In 2011, we still in the Great Economic Recession, we still have economic problems, so we don't want to spend a lot on the plants that there are still so many arguements on the safety problems on the plants. Therefore, I am going to do some more research on this topic to surport my opinions which is we should find better way to produce clean energy and helps our economic growth.

Thursday, May 5, 2011

The Real Cost of Nuclear Power

There are a lot of people worry on the economic problems for building nuclear power plants, because we are the taxpayers. In this article, Michael Grunewald is focusing on the finances of nuclear industries and costs related to the construction of nuclear power plants.He said "Since 2008, proposed reactors have been quietly scrapped or suspended in at least nine states--not by safety concerns or hippie sit-ins but by financial realities. Other projects have been delayed as cost estimates have tripled toward $10 billion a reactor, and ratings agencies have downgraded utilities with atomic ambitions." The capitalists and financiers do not like to invest in companies constructing nuclear power plants due to the high costs. It's noted the new nuclear power plants of countries rely on government financing of such projects. The nuclear companies could not obtain private financing for power plants. Also it points out the history of U.S. nuclear power and the nuclear crisis in Japan. According to this article, as a taxpayer, I also don't like to spend my money on the high cost plants and still be in dangerous. I am not saying new types of energy are not good, but at this point, we already have a lot of environmental problems and we are also in the Great Recession of our economy, so can government come up with some issues to balance the environment and economy.


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