A new report from an anti-nuclear group gives some alternative spin to the same old dogma – shut down all nuclear plants and replace them with renewables. Lots of spin, but no evidence.
This particular report, from McCullough Research, again targets their imagined nemesis Columbia Generating Station, Washington State’s own public power nuclear plant that has been operating beautifully, breaking production and safety records over and over, for the last five years.
The main point of this report is its claim that Northwest power customers would save up to $500 million over ten years by permanently closing Columbia Generating Station and replacing it with wind and solar energy. The report neglects to mention that Washington State is already 80% low-carbon, mostly from hydroelectric and nuclear, so more wind is counterproductive.
The report claims wind and solar prices have fallen dramatically, and rightly so, but then fails to mention they still cost more than existing power plants that have two or three times their lifespan. They also fail to tell the reader that natural gas or hydropower is necessary to backup wind and solar, at an unknown cost, something California is struggling with as their renewables approach 30%.
If you would like to know which stocks we are buying and selling please join us at ‘Stock Trader’ our premium investment service.
Subscribe for 12 months with recurring billing - $199
Buy 12 months of subscription time - $199
If you are new to investment in the precious metals sector then you can subscribe of our FREE newsletters regarding gold stocks, silver stocks and uranium stocks, just click on the links and enter your email address and we will email you our articles along with other interesting posts.
Please remember to check your spam folder once you have subscribed to ensure that our verification email has not gone astray and you are getting our emails.
Follow us on TWITTER @goldprices