A Glut Of Natural Gas Leaves Nuclear Power Stalled
From Technology Review
The nuclear renaissance is in danger of petering out before it has even begun, but not for the reasons most people once thought. Forget safety concerns, or the problem of where to store nuclear waste-the issue is simply cheap, abundant natural gas.
General Electric CEO Jeffrey Immelt caused a stir last month when he told the Financial Times that it’s “hard to justify nuclear” in light of low natural gas prices. Since GE sells all manner of power generation equipment, including components for nuclear plants, Immelt’s comments hold a lot of weight.