ironist15

Recession? I've Got a Solution

Thanks for your article, Saul. I agree with your thesis - substitution is the key to solving many of our energy problems. Unfortunately, the press has been totally irresponsible and alarmed the public about global warming and nuclear power, among other subjects. If we can overcome these prejudices, there are many applications for nuclear process heat in the production of liquid fuels. Such process heat can be used to extract and refine bitumen from oil sands and shales, to produce CLEAR product, etc. Of course, I also agree that plug-in vehicles make lots of sense, and they could be charged by nuclear-produced electricity. As vboring and DougM note, breeder reactors and fuel reprocessing could stretch our fissile fuel supplies indefinitely while reducing waste volumes. I am not a fan of Pigovian taxes to reduce demand since feeding the government monster always results in lower productivity and standards of living.