Friday, November 14, 2008

Web Seminar Reactions

I listened to the free web seminar on nuclear energy that was broadcast yesterday. I was very impressed as it contained accurate information presented in a professional manner. I am glad that I had the opportunity to attend such a gathering.

The web seminar examined the current state of the nuclear industry worldwide and what should be done in terms of researching new nuclear technology. It also examined some of the economic drivers behind nuclear power development such as the projected ten year approval and construction time for new reactors. One reason why it takes so long is because this is an estimate based on market uncertainty because of the difficulty for proposed reactors to get loan guarantees. This is also in addition to assumptions about taking construction delays into account because of local opposition near the construction site. If both of these barriers could be mitigated, the process of licensing and construction of new reactors could proceed at a much faster pace.

I do have somewhat more hope for the development of nuclear power after listening to the seminar as I am glad to see that there is a serious effort being made to revive what was once a dying industry. I hope that people will learn to get over their fears about nuclear energy and embrace it as being the energy source of choice as opposed to coal. Finally, I offer my gratitude to Dan Yurman for doing such an excellent job reporting at the seminar.

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