Preface. There are half a dozen articles below. Although safety and disposal of nuclear waste ought to be the main reasons why no more plants should be built, what will really stop them isbecause it takes years to get permits and $8.5–$20 billion in capital must be raised for a new 3400 MW nuclear power plant (O’Grady 2008). This is almost impossible when a much cheaper and much safer 3400 MW natural gas plant can be built for $2.5 billion in half the time or less.
U.S. nuclear power plants are old and in decline. By 2030, U.S. nuclear power generation might be the source of just 10% of electricity, half of their 20% production of electricity now, because 38 reactors producing a third of nuclear power are past their 40-year life span, and another 33 reactors producing a third of nuclear power are over 30 years old. Although some will have their licenses extended, 37 reactors that produce half of nuclear power are at risk of closing because of economics, breakdowns, unreliability, long outages, safety, and expensive post-Fukushima retrofits (Cooper 2013).
If you’ve read the nuclear reactor hazards paper or my summary of it, then you understand why there will continually be accidents like Fukushima and Chernobyl. That makes investors and governments fearful of spending billions of dollars to build nuclear plants.
Nor will people be willing to use precious oil as it declines to build a nuclear power plant that could take up to 10 years to build, when that oil will be more needed for tractors to plant and harvest food and trucks to deliver the food to cities (electric power can’t do that, tractors and trucks have to run on oil).
And if we are dumb enough to try, we’ll smack into the brick wall of Peak Uranium.
Nuclear Safety in the news
…click on the above link to read the rest of the article…