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Wednesday, March 16, 2011

Nuclear Renaissance Melts Down over Japan Disaster

The Japanese disaster “will put new nuclear development on ice,” said Toronto energy consultant Tom Adams, the former executive director of Energy Probe. He said the nuclear industry was already facing challenges, noting that vast shale gas resources in North America and other parts of the world were starting to make cheaper gas-fired plants the electricity generators of choice.”(Toronto Globe and Mail)

Even distorted prices provide better information than any market-planners could come up with.

FEE Timely Classic

Nuclear Energy Should be Subsidized? It Just Ain’t So!” by Art Carden and Mike Hammock