By: Marin Katusa
Senior Market Strategist, Casey’s Energy Opportunities
Over the Easter weekend, seven nuclear reactors throughout the
Now traders are out in force looking for the cheapest possible power ahead of rising demand, and the power markets are heading one way: up.
No Homer Simpsons Allowed Here!
It is unfortunate that nuclear power plants are still linked in our minds to the Three Mile Island and
It’s Clean, It’s Green, It’s the New Obama Nuclear Machine
Though they vary in design, nuclear reactors operate on the same basic principle: the energy released by nuclear fission heats water to produce steam, which turns the turbines that generate electricity. The silver lining: no fossil fuels are burnt at any stage, so almost no greenhouse gases are produced. They are, however, expensive to build and it can take years. But once in operation, fuel costs are very low, which translates to low maintenance costs, and each plant can easily operate for up to 60 years. Running at around 90% capacity, nuclear power plants are workhorses that shut down only once every 18 months for refueling and maintenance.
The fact that they emit almost no greenhouse gases also makes nuclear power plants safe from the threat of potential emissions caps. Once these are introduced, and they are certainly going to be introduced, the costs of producing electricity at coal and natural gas-fired plants will noticeably escalate. In fact, the high energy yield of nuclear fuels, the carbon dioxide emitted during the mining, enriching, fabrication, and transportation of uranium is very small compared to the carbon dioxide emitted by fossil fuels.
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The push to restart the uranium mining industry started up in 2001 and by 2006,
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