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If nuclear power is uneconomic in USA, why would it be economic in Australia?

February 23, 2014 2:15 am

scrutiny-on-costsWhat are people’s thoughts on using nuclear power in Australia?
froggie  22 Feb 14 It is economics that has prevented any new nuclear power plants being approved for construction in the US since 1973. This is true, even though safety, waste-handling and storage, security and weapons proliferations remain real contentious and unresolved issues.
Last week President Barack Obama announced a a US$8.3 billion (A$9.3 billion) government loan guarantee to a private company to build twin nuclear reactors in the southern state of Georgia
What more conclusive proof does one need to demonstrate the economic inviability of nuclear power, even in an industry that is 50 years old? Without such a massive financial crutch, private companies and their investors have declined to fund any new nuclear plants for 37 years — not just in the US, but anywhere in the world.

Read more: http://www.smh.com.au/federal-politics/society-and-culture/nuclear-its-just-too-expensive-for-us-and-the-rest-of-the-world-20100225-p4y3.html#ixzz2u2UFpXx9

Population USA…313.9 million (2012)
Population AUS…22.68 million (2012)

If Yank private companies shy away from it, who is going to do it for us??   http://www.ozpolitic.com/forum/YaBB.pl?num=1393057070

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Posted by Christina Macpherson

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