The secret economics of nuclear power for Australia – theme for September 2013
We need to separate the (uneconomic) role of uranium in the (uneconomic) nuclear power industry, from the (thriving) role of uranium in the nuclear weapons industry.
Puzzled as to why Australia’s uranium lobby remains so optimistic, in the face of the crumbling nuclear “renaissance”? Well, there mightn’t be much money in nuclear energy any more, but there sure is money in nuclear fuels for weapons. As an important strategic military location for USA, and a blindly loyal ally of USA, South Australia is well positioned to be the supplier of uranium enriching for USA. Also handy as a dump for nuclear wastes.
So all that’s needed is the full nuclear fuel cycle in South Australia. That’ll make, well, a few selected individuals, very rich.
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