Saturday, September 11, 2010

Nuclear socialism

Hi All

I am sitting in JHB international airport waiting to catch a flight to Maun, Botswana, where I will be commissioning another off-grid system. Do you know that if you fly in the customs union you cannot buy in Duty Free? I did not, and have done so before, although apparently you can get into a lot o ftrouble. Thing is, they won’t even charge you duty (VAT) to buy the items you want. Seems like a missed opportunity to make a sale.

But I digress.

Another study has come out showing why Nuclear is a bad idea simply due to finance problems. Check it out at: http://www.vermontlaw.edu/Documents/IEE/20100909_cooperStudy.pdf

Some quotes:

“A nuclear plant will cost $7,000 to $10,000 per kilowatt”

“It shouldn't be called the French Nuclear Miracle. It's more like a recurring nightmare.”

The French Nuclear Miracle is a misconception. There is no reason to think that things will change if the U.S. follows France. It would replicate what I call Nuclear Socialism. Nuclear power would remain a ward of the state."

But scary thing – I saw an advert from the South Korean Nuclear Corporation in the Economist.... Sp it’s not just Areva in South Africa anymore.

Frank

No comments: