Subscribe for 12 months with recurring billing - $199

Buy 12 months of subscription time - $199

 

Search Uranium Stocks
Uranium Price
Our RSS Feed

Uranium Updates

Enter your email address:

Follow Us on Twitter
« Uranium stocks get a boost! | Main | Aurora Energy: Good drill results »
Wednesday
May072008

Major decisions await the next President

NEI Logo 08 May 2008

According to The Nuclear Energy Institute (NEI) President and Chief Executive Officer Frank L. (Skip) Bowman:

"No matter who is elected president in November, it seems clear that climate change will dominate the national debate over energy and environmental policy in 2009 and beyond. Whether you believe the scientific evidence justifies mandatory controls on carbon or not, there is one fact on which we can all agree: There is no credible strategy to address the conundrum of climate change and increasing electricity demand unless nuclear power is part of the portfolio."

Mr Bowman’s statement is founded on analyses carried out by U.S. Energy Information Administration, the International Energy Agency and the Electric Power Research Institute. They have all arrived at a very similar conclusion, which unmistakably points towards nuclear power as a major component of the energy basket in order to reduce carbon emissions. These statements are timely for the nuclear industry as the U.S. Senate, in a months time, begins a floor debate on a climate change bill pending in Congress, known as the Climate Security Act. Capital expenditure in excess of $1 trillion will be required between now and 2020 for new electric generating capacity, and associated infrastructure.

NEI Chairman John Rowe had this to say:

"We need 25 to 30 new nuclear plants just to start on the problem. To make a dent in carbon emissions, we need several times that. Failure to build large new power plants threatens the long-term health of the U.S. economy simply put; there is a growing need for new base load generating capacity. This nation cannot afford to use natural gas as virtually its sole fuel”

Our sentiments entirely!

However it will be interesting to observe the new president in action on these issues, assuming that they have some energy left after what appears to be an exhausting campaign.

You can read the article in full by clicking this link, also worth a visit is The Nuclear Energy Institute, which you can get to by clicking this link.

If you are new to this web site and would like to stay in touch with the uranium sector and investment ideas regarding uranium stocks, then please click this link and enter your email address.





PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (1)

"Whether you believe the scientific evidence justifies mandatory controls on carbon or not, there is one fact on which we can all agree"

This man should not mix Fact and Belief in the same sentence, A fact is just that .... a fact, a tangible quantity, generally the truth.
Belief is a matter of Faith and therefore totally divorced from a "Fact" is a hope a dream a wish.

Theo

May 8, 2008 | Unregistered CommenterTheo T.Lichacz

PostPost a New Comment

Enter your information below to add a new comment.
Author Email (optional):
Author URL (optional):
Post:
 
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>