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F. George McDuffee F. George McDuffee is offline
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Default Japans Nuclear problem in simple language.

On Mon, 14 Mar 2011 21:10:55 -0500, jim
wrote:

SNIP
You want the taxpayers to finance nuclear energy?
Private investors won't put their money down

SNIP

The unstated assumption is that this is the "free market" at
work {that the "free market" is always right...} and the
"investors" are carefully calculating risk v reward.
Because of the excessively high concentrations of
wealth/income, disfunctional banks with toxic assets,
financial/credit distortions because of the "carry trade,"
and the fact that many of the potential players have vested
interests in existing technology such as coal, and the
status quo, this does not appear to be the case.

On the other hand attempts by government to operate anything
on a continuing basis from the post office to Freddy and
Fanny do not inspire much confidence either. However, the
early years of some governmental authorities, such as the
TVA [Tennessee Valley Authority[, GRDA [Grand River Dam
Authority in Oklahoma], and the early decades of
Freddy/Fanny do appear to have resulted in genuine economic
advances for the bulk of the American people.

One possible alternative is the creation of limited lifespan
authorities or government sponsored enterprises [GSEs] to
construct and operate a number of full scale pilot plants
for coal liquifacation/synthetic petroleum, thorium molten
salt fission reactors, and fissile material/rare earth
recovery operations from [currently] industrial wastes such
as fly ash, etc. to demonstrate the economic viability and
safety of these processes. IMNSHO a very useful partnership
with a thorium reactor authority would be with a proven
record of successful operation of their municipal power
system such as Los Angeles, with one or more of the reactors
buried deeply underground for safety, but within the city
limits, minimizing transmission losses and costs. Another
possibility for coastal cities such as Los Angeles and New
York with the availability of cheap nuclear power is
desalinization of sea water, eliminating an enormous
continuing municipal/state expense to impound and transport
potable water long distances. As soon as profits begin to
be generated, there will be a huge demand to privatize and
expand these operations.

When pigs fly...


-- Unka George (George McDuffee)
...............................
The past is a foreign country;
they do things differently there.
L. P. Hartley (1895-1972), British author.
The Go-Between, Prologue (1953).