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Thread: Obama Said to Seek $54 Billion in Nuclear-Power Loans

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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by Scarecrow Akhbar View Post
    The government shouldn't be in the loan business.

    That's what banks are for.

    No government sponsored loans, not for homes, not for cars, not for college, not for nuclear power plants.

    You are correct,seriously BUT something this large and important can't be financed through private banks. Seriously who will loan 54 billion?

    That said I still have mixed feelings about the safety issue with Nuclear power but, if we could be certain we could safely produce, store waste, and upgrade as necessary then yes, lets really fight terrorists by no longer buying their oil.

    The difficult issue I see with this is....Its hard to tell a small 3rd world nation that we think is trying to build a weapon yet insists it is only getting energy to stop if we ourselves are building....Are we going to welcome foriegn inspectors to come look at our plants??

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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Last time I read anything about nuclear power I thought that we had come a long way in the reduction of waste generated as well as the recycling and refining of it such that there isn't nearly as much. How much is "not much", I don't know. Anyone with knowledge in the area care to comment?
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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by Scarecrow Akhbar View Post
    You really should read the Constitution someday.

    Nor did I recall saying the government should loan anyone taxpayer money to run it.
    This, unlike the moon base, would fall under the "general welfare" part of the constitution. You should read it, too.
    See below....
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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by ptif219 View Post
    What stipulations will Obama put on the money? Will the Government become a shareholder as they are with GM?
    Probably. But the government is already a stakeholder in nearly all power supplies (especially nuclear power), by allowing state-sanctioned monopolies.
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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by scourge99 View Post
    Last time I read anything about nuclear power I thought that we had come a long way in the reduction of waste generated as well as the recycling and refining of it such that there isn't nearly as much. How much is "not much", I don't know. Anyone with knowledge in the area care to comment?
    Those are called breeder reactors. They can use the waste as recycled material for fission once the reaction is started. They do produce relatively low amounts of "waste". The real problem is the end result of a breeder reactor is weapons grade plutonium.
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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Thumbs the **** up on this one. Great news.
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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by Ikari View Post
    Those are called breeder reactors. They can use the waste as recycled material for fission once the reaction is started. They do produce relatively low amounts of "waste". The real problem is the end result of a breeder reactor is weapons grade plutonium.
    I hear there is a hell of a world market for that element.

    The US Navy has been operating nuclear reactors safely for 50 years. lots of them. The only real draw back is the waste, and you hit it right on the head.... old salt mines. They are geologically inactive for million year time periods, the perfect place to put the stuff.

    Didn't we start a facility like that at Yucca Mountain?.... and Barry shut it down?

    The draft budget removes funding for the planned nuclear-waste storage facility in Nevada, which has been 20 years and more than $9 billion in the making. A Department of Energy spokeswoman told Bloomberg that President Obama and Energy Secretary Steven Chu “have been emphatic that nuclear waste storage at Yucca Mountain is not an option, period.”
    Nuclear Waste: Yucca Mountain’s Scrapped, So What Now? - Environmental Capital - WSJ

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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Yucca Mountain was a rip off from the beginning. The biggest pork scam ever.

    In an appearance before the State Senate Finance Committee late last month, Attorney General Brian Sandoval predicted that the toxic waste dump will never open. Sandoval accurately described the Yucca Mountain site 90 miles northwest of Las Vegas as "a volcano that sits on an earthquake fault above an aquifer, next to the Nevada Test Site, next to one of the nation's largest organic farms, next to the state's largest dairy, adjacent to ... (America's) fastest-growing metropolitan area (and) next to one of the busiest Air Force bases in the country."

    "If you could choose a worse place to store nuclear waste, I really challenge you to do so," he added.
    Last edited by USA_1; 01-29-10 at 06:43 PM.
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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    Quote Originally Posted by Crunch View Post
    The US Navy has been operating nuclear reactors safely for 50 years. lots of them. The only real draw back is the waste, and you hit it right on the head.... old salt mines. They are geologically inactive for million year time periods, the perfect place to put the stuff.
    In addition to the geographic stability, because it's a salt mine there is a very low humidity level which decreases decay of the containers. One problem with long term storage of nuclear waste is that some of the byproducts (depending on what form of reactor is used) have half lives which will make the waste rather radioactive for periods of time which are longer than any language thus far has proven stable.
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    Re: Obama Said to Seek $54 Billion in Nuclear-Power Loans

    This is a great idea.

    Nuclear isn't perfect but it's the cleanest solution for now. Obama is right... we need these energy surpluses in order to look at other avenues. Civilization needs energy to progress; not enough energy, no progression. We can talk about green technology until the cows come home but in the mean time there is the prospect of energy shortages in the future. Nuclear is the most efficient means.

    As far as I know, reactor safety and waste material have improved a lot since Chernobyl. We've learned from the accidents and made super redundant systems. There is always going to be risk but this is one step closer to less depedence on foreign oligopolies to supply energy.

    P.S. I love it when conservatives make a good thread we can all agree on. Kudos Rev.

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