Nuclear Energy may ultimately save us from ourselves!?!

[Melensdad]

The 'greens' have long fought against nuclear energy despite the fact that, if looked at objectively, it is actually the safest and most efficient energy source for mass energy production on the planet. The main complaint has been disposal of the nuclear waste, but the main advantages, beyond safety, are zero carbon, scalability, high efficiency and stability.

Still the complaints and lawsuits against nuclear plants persisted making it nearly impossible to build a new facility so we were left with coal (dirty, deadly but cheap) and natural gas (generally clean, but politically incorrect). We also have solar and wind, and a small amount of hydroelectric. Solar and wind only work periodically and are not scalable, so a stable generation system needs to be in place to back them up.

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Full story at the link above.

White House Seeks "Large Amount" Of Funding For Domestic Uranium Strategy​

by Tyler Durden​

Thursday, Oct 27, 2022 - 06:00 PM​

​

Our view from December 2020 was that sooner or later, nuclear would be included in the ESG basket (see "Is This The Beginning Of The Next ESG Craze"). There have been multiple signals from the US Energy Department to develop a domestic uranium strategy. ​

​

We first pointed this out in March in a note titled "Uranium Stocks Soar After US Signals Aid For Nuclear Power." Then in June, in a note titled "Uranium Stocks Soar On Report US Seeking Billions To End Reliance On Russian Enriched Uranium."​

​

On Wednesday, Jennifer Granholm, the US energy secretary, gave even more clues about a domestic uranium strategy that would eventually eliminate the US reliance on Russia and its allies Kazakhstan and Uzbekistan for about 50% of its uranium needs, according to Reuters. ​

"The United States wants to be able to source its own fuel from ourselves and that's why we are developing a uranium strategy," Granholm told reporters at the International Atomic Energy Agency conference in Washington. ​

"We'll be working on ... enhancing that and making sure that we can fuel our own reactors as well as the partners to those who also have those ambitions," she added.​

In August, President Biden signed the Inflation Reduction Act, which helps pave the way for nuclear energy to reduce US emissions before the decade's end. ​

​

Momentum is certainly building for expanding zero-emission nuclear power production and sourcing uranium domestically, outlined in the IRA via increased investments and tax incentives. ​

​

IRA contained $700 million to produce a high assay low enriched uranium (HALEU) supply for advanced nuclear power plants. Then in September, the White House requested Congress to allocate $1.5 billion in a temporary government funding bill to boost domestic HALEU supply. ​

​

Granholm said the White House will "seek an additional large amount by the year-end for a more fulsome strategy."​

The move by the Energy Department is to remove Russia's critical leverage to throttle US nuclear power. There's a big push to increase US mining and processing of uranium to ensure US energy security. ​

 

[waybomb]

Just think where we'd be is the idiots would have followed common sense and built a few nukes every year for the last 30 years.

 

[kc3tec]

I would like to see a lot more solar but even with subsidies its expensive for the individual to set up a large enough system to go independant.
And there are far too many regulations from small governing bodies and HIA's ( home interfering agencies( HOA's))

 

[Melensdad]

I would like to see a lot more solar but even with subsidies its expensive for the individual to set up a large enough system to go independant.
And there are far too many regulations from small governing bodies and HIA's ( home interfering agencies( HOA's))

Those "subsidies" come from taxes that are imposed on you and your neighbors. So basically you pay higher taxes, then the government gives some back to you in the form of a tax credit to help you pay for what you already paid too much for.

 

[kc3tec]

Those "subsidies" come from taxes that are imposed on you and your neighbors. So basically you pay higher taxes, then the government gives some back to you in the form of a tax credit to help you pay for what you already paid too much for.

Precisely and when you are on a limited income the thought of setting up a large system is and always will be just a pipe dream.

 

[Melensdad]

Precisely and when you are on a limited income the thought of setting up a large system is and always will be just a pipe dream.

So what you are also saying is that poorer people can't afford it.

Translation of your 2 posts, for taxpayers, is that you want your neighbors to be taxed so that their hard work, extracted in the form of tax dollars, can be sent to you so that you can have stuff. That is redistribution of wealth. And typically it is from the lower and middle classes up to the upper middle and higher classes.

How often do you see solar panels on the roofs of nice homes? And then on the roofs of homes in working class and poor neighborhoods? Guess which way the tax dollars have gone!

Just like Biden's college loan forgiveness program. The plumber pays for the daughter of the lawyer's college bill.

 

[kc3tec]

So what you are also saying is that poorer people can't afford it.

Translation of your 2 posts, for taxpayers, is that you want your neighbors to be taxed so that their hard work, extracted in the form of tax dollars, can be sent to you so that you can have stuff. That is redistribution of wealth. And typically it is from the lower and middle classes up to the upper middle and higher classes.

How often do you see solar panels on the roofs of nice homes? And then on the roofs of homes in working class and poor neighborhoods? Guess which way the tax dollars have gone!

Just like Biden's college loan forgiveness program. The plumber pays for the daughter of the lawyer's college bill.

Not at all!
Im on limited income ( pension and no medicare)
I dont believe in welfare being an easy way out.
But i also detest overvaluation of anything.
Big business such as big pharma, and the like make obscene profit by gouging insurance companies for products that cost pennies to manufacture.
And who do you think has to pay for it?
Think about it! Co- pay on an albuteral inhaler cost the patient $ 65.00, ( cost to produce .35 per inhaler) add to that the problem of the patent laws( providing the change the " delivery system" every cycle they maintain the patent rights indefinately so a competing company cannot produce a generic)
Look at the cost of diabetes supplies, or epi pens and how much even the insurance companies screw over the patients.
Yeah its rough to get the meds that are keeping you moderately healthier.

And to add insult to injury something that is not needed to keep you alive ( all insurances cover the damn hard-on pills and all their generics)

And on the subject of student loan forgiveness!
Does anyone realize that the " forgiven loan" is not a free ride?
The banks will send out 1099 forms to each student forgiven.
But they also report it to the IRS.
A forgiven loan is classed as an income and windfall profit.
So jo boos wonderful forgiveness is a tax grab at the expense of the banks and the consumer.
As a consumer ( with no student loan) you will pay a penalty in higher interest rates.
And the student will get the same plus the taxation
Double whammy!
No the current welfare state is an abomination that is too easily abused.

 

[waybomb]

Wacko

 

[Melensdad]

Not at all!
Im on limited income ( pension and no medicare)
I dont believe in welfare being an easy way out.
But i also detest overvaluation of anything.
Big business such as big pharma, and the like make obscene profit by gouging insurance companies for products that cost pennies to manufacture.
And who do you think has to pay for it?
Think about it! Co- pay on an albuteral inhaler cost the patient $ 65.00, ( cost to produce .35 per inhaler) add to that the problem of the patent laws( providing the change the " delivery system" every cycle they maintain the patent rights indefinately so a competing company cannot produce a generic)
Look at the cost of diabetes supplies, or epi pens and how much even the insurance companies screw over the patients.
Yeah its rough to get the meds that are keeping you moderately healthier.

And to add insult to injury something that is not needed to keep you alive ( all insurances cover the damn hard-on pills and all their generics)

And on the subject of student loan forgiveness!
Does anyone realize that the " forgiven loan" is not a free ride?
The banks will send out 1099 forms to each student forgiven.
But they also report it to the IRS.
A forgiven loan is classed as an income and windfall profit.
So jo boos wonderful forgiveness is a tax grab at the expense of the banks and the consumer.
As a consumer ( with no student loan) you will pay a penalty in higher interest rates.
And the student will get the same plus the taxation
Double whammy!
No the current welfare state is an abomination that is too easily abused.

So much wrong in this post that I don’t know where to begin. But much of what you wrote is simply not factually correct.