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To build a new nuclear plant costs a minimum of $7 billion today, and would take probably eight years from conception to completion. Most CEOs have about eight years in office, and there are not a lot of utility CEOs who would bet $7 million — which might be more than half the company’s market cap — on one nuclear project.br> Nevertheless, there are now more than a dozen license applications for new reactors before the Nuclear Regulatory Commission. Whether or not these proposals go anywhere will depend entirely on whether the general public achieves a better understanding of the technology. Concerned as he is with petrodictators, global warming, and world energy shortages, you’d think Friedman would spend more of his own time learning how “abundant, clean, reliable and cheap” nuclear technology can be.
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A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
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H/T to National Review Online
Mort| 1.26.09 @ 10:56PM
http://spectator.org/archives/2008/10/06/the-greeening-of-thomas-friedm
Mr. Tucker -
Your condemnation of green, clean, and renewable energies may sound good for a short-term perspective, but you're missing the point. The energy revolution has to be the next big one. If we don't have an administration that gets serious about this, we're going to continue to wallow in greed and short-term profit objectives. We haven't put the incentives in place to attract adequate resources ($ and innovation) to be devoted to making clean, green, and renewable energies work on a large scale, and I'm including nuclear in this. The two minor details that you fail to address in you comments about nuclear energy are what do we do with the waste and how do we prevent terrorists from targeting these plants or stealing the energy for weapons. Your IQ doesn't have to be much higher than 70 to realize that our current energy model is inadvertently impoverishing us and the rest of the world. I'm not sure why you would want to fight an administration that wants to seriously encourage investments and innovations in these areas. Maybe we should wait for China or India to leapfrog us in these areas, while we maximize the ROI on our fossil-fuel based energy model.