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Politics : THE WHITE HOUSE
SPY 677.60-1.3%Feb 5 4:00 PM EST
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To: sandintoes who wrote (20808)7/23/2008 2:42:15 PM
From: DuckTapeSunroof  Read Replies (1) of 25737
 
It was the BANKERS who've prevented projects from going ahead. (Not some mythically 'all powerful' 'liberals' or 'dems' or 'environmentalists'.)

Not that the above were not often in opposition too... But even with the federal government subsidizing the entire fuel chain, and sticking the taxpayers with the entire cost of disaster insurance for the industry, and promising to accept and 'dispose of' the high level waste (for the next couple of million years or so. Who knows what the cost for that will finally be?), Wall Street just didn't see financial viability in the projects.

Just much too expensive compared to alternative technologies. They couldn't compete in the markets during the 1970s, 1980s, or 1990s without heavy subsidies.

Not that that can't or won't change in the future, as the costs of alternative power-producing technologies themselves rise... but even today, and after all the fuel cost price increases for natural gas and for coal --- both STILL produce electricity *far cheaper*.

(As also often does hydro... and many of the wind and solar projects that are being proposed may come in with lower TCOs and cheaper per-kilowatt outputs. After all, once their initial construction is amortized... the energy inputs from sunlight, wind, or rainfall are totally FREE.)
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