Nuclear Reactor Nixed: Peak Oil Theory Revisited

Nuclear reactor nixed: the government is not in favor of more nuclear reactors at this time. Does anyone really believe this administration is worried about jobs? This project would have been paid for by the private sector and would have employed untold number of union workers. The government was apparently worried about whether the project would pay for itself over the its lifetime, something that was apparently not a concern when the stimulus money was distributed.

On another note: does this mean the current administration thinks price of natural gas will stay low for decades due to better technology (horizontal drilling and fracturing)? It would take a decade to bring this new reactor on-line.

So much for peak oil theory. But good news for those bullish on the Bakken.

On another unrelated note, but as long as we're talking about jobs: General Electric received $25 million in stimulus money and cut 18,000 jobs during calendar year 2009. Top line benefitted from decreased cost of salaries and health care costs; stimulus money dropped right to bottom line. Of many associated ironies, one of the contracts GE got with the stimulus money was a program to monitor jobs saved/jobs created by the stimulus money.