Nuclear at 70: Federal Subsidies and Regulation Did Not Work
“Nuclear fission is the most complicated, fraught, expensive way to boil water to produce steam to drive electrical turbines.”
What U.S. industry is at once the most subsidized and regulated by the federal government? The answer is commercial nuclear power. As a result, the 73-year-old “Atoms for Peace” program represents the most expensive failure (malinvestment) in US business. potholed with uncompleted projects and massive cost overruns with completed projects. Future decommissioning costs will add to this liability.
But hyperbole rules with this technology, and there is always tomorrow. Forget that competitive viability did not emerge in the 1950s or 1960s, and George W. Bush and Joe Biden both failed at their attempted “nuclear renaissance.” Expect the same to result from today’s interventionist energy policy.
Tomorrow’s post will outline the crash attempt by President Trump and DOE secretary Chris Wright to get new nuclear capacity on track.…
The post Nuclear at 70: Federal Subsidies and Regulation Did Not Work appeared first on Master Resource.
Source: https://www.masterresource.org/nuclear-power/nuclear-70-subsidies-regulation-fail/
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