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Politics : Foreign Affairs Discussion Group
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To: Jacob Snyder who wrote (158388)2/22/2005 4:47:12 PM
From: Sam Citron  Read Replies (1) of 281500
 
From a purely economic viewpoint, it makes no sense to develop alternative energy sources, especially a difficult and expensive alternative like nuclear power.

I strongly disagree, Jacob. Nuclear energy is cheap compared to alternative sources, especially if you don't have to worry about spent fuel storage, now that Russia is offering Iran this. If you do a shadow-pricing analysis of conventional fossil fuels for electric generation, the nuclear alternative is compelling, which is why uranium prices are going through the roof. In such an analysis, you must consider the scarcity of competing fuels and world market prices, not merely the local surplus. Why burn local gas and oil for electricity locally if these fuels can be sold to India and China at lucrative prices?
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