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| Economy |
| A Nuclear America Can Be A Great America |
| 2016-12-23 |
| h/t Instapundit As President-elect Donald Trump and Congress seek to "put America first," they should give special attention to an export sector America has been putting last: nuclear energy. A focus on making nuclear reactors for export may seem quixotic. After all, nuclear power plants in the U.S. are struggling against cheap natural gas and heavily subsidized renewables. And historically, nuclear plants have been built locally, not manufactured. But global demand for electricity is set to rise 70% over the next 25 years, mostly due to increased energy demand in developing nations. And technological advances mean that new nuclear reactor components can increasingly be mass-manufactured in factories and shipped around the world for reassembly on site. What’s at stake is a market worth $500 to $740 billion over the next decade, according to the Commerce Department, and hundreds of thousands of high-skill and high-wage jobs. U.S. leadership on nuclear dates back to 1953, when President Eisenhower announced a U.S.-led effort "to provide abundant electrical energy in the power-starved areas of the world." It was called "Atoms for Peace." It was a win-win for U.S. and energy-hungry developing nations. Thanks to this effort, the U.S. today gets 20% of its electricity from nuclear plants, which employ 32,000 workers directly and create an additional 200,000 jobs in the economy. And simply helping China to build four nuclear plants has created 20,000 jobs in 20 U.S. states, according to Westinghouse, whose nuclear division is based in the USA but owned by the Japanese conglomerate Toshiba. But, but, but what about "China Syndrome"? |
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| Posted by: Glenmore 2016-12-23 15:09 |
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