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Originally Posted by original durangotang
Two points: Why won't any insurance company underwrite the risk if nuclear power plants are so risk free?
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They ARE underwritten by PRIVATE insurance companies. Their legal private coverage requirement is for liabilities up to TEN BILLION DOLLARS. Only after that does it become a public matter under PANIIA. There has NEVER been a claim anywhere near that amount.
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What has changed with the economics?
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Newer reactor designs are cheaper, safer (orders of magnitude), and more efficient (up to 50% more). Also, we are starting to look at carbon emissions as a cost to be counted.
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You can pontificate all you want. But the FACT is, nuclear power went out in the USA because nobody was willing to invest in it.
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I am providing many verifiable facts to support my opinions. You are merely making declarations... unsubstantiated and demonstrably false declarations.
Nobody will invest in it? Most nuclear power plants were and are operated by publicly traded companies. Want to know what mades reactors hard economically? IT IS NOT THE ACTUAL RISK as you imply, but rather the large initial costs which have ballooned because of regulatory safety requirements and fighting frivolous NIMBY lawsuits. If you take raw costs, coal and natural gas plants are far cheaper to build but have a much higher continuing price per kwhr. If you factor carbon emissions as a cost factor, nuclear is even cheaper. So, the lower fossil fuel prices that made nuclear less attractive in the 80s and 90s may not be a hold back nuclear now, especially with new plant designs.
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If it is such a great idea I am sure plenty of people would be willing to invest in it.
But that hasn't happen.l And is not going to happen.
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There are applications for the construction of 30 new reactors in the US (
http://www.nrc.gov/reactors/new-lice...plications.pdf). China plans to build over 100 new reactors and has an experimental Gen IV PBMR.
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Please get the nuclear energy industry out of my pocket. I, and the rest of the USA, can't afford their subsidies.
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WHAT ARE THE SUBSIDIES YOU ARE TALKING ABOUT? Show me nuclear subsidies in dollars per kilowatt-hr that exceeds the subsidies and tax breaks given to oil, gas, solar, or wind? I'm willing do bet YOU CAN'T!
We can afford nuclear much more than we can afford having 75% of our electric power coming from fossil fuels and remaining slaves to petroleum.
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And i stand behind everything I said about the risk.
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What? The stuff that I proved wrong with facts?
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No technology is 100% safe. And nuclear power is not either.
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Of course, it's just that nuclear is safer than most and more reliable than any other option we have.
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Downplay Chernobyl all you want.
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Correcting your baseless scare tactics with a dose of reality is not "downplaying." Don't get upset because I play with facts instead of false declarations.
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But it was a catastrophe on a geologic scale.
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This sentence doesn't even make sense.
Look durangotang, you have demonstrated REPEATEDLY that you have very little knowledge of this subject. In fact, almost everything you have said on this subject has been shown to be WRONG. You need to go hit the books and come up with your opinions based on facts and understanding instead of spewing what someone else with a political agenda told you to believe.