NYSEAM:UEC - Post by User
Comment by
BruceANOon May 21, 2023 12:46pm
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Post# 35458458
RE:Nobody is screwed by the UEX/ UEC merger deal👍🏾👍🏾
RE:Nobody is screwed by the UEX/ UEC merger deal👍🏾👍🏾I agree. In the 1970s there was a pivotal move into nuclear largely due to the OPEC oil crisis. The vast majority of reactors were built in the late seventies and early eighties. The accidents at Three mile island and then Chernobyl really put a kibosh on nuclear power. Here we are 50 years later with a global warming crisis which I believe is magnitudes worse than the OPEC oil crisis. New Reactors are incredibly safer than the ones built 40 or 50 years ago. An enormous increase in baseload power is coming down the pike due to electric cars. Renewable energy cannot supply this and conventional power plants using gas and coal are being shut down. Utilities look like they have overall increased capacity but they are looking at a huge shortage of baseload power. I think sooner or later the world has to pivot back into nuclear generation in a big way. There is no other choice .If someone knows another alternative I’d love to hear about it and I’ll invest some money into that.