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Coming Soon: More Nuclear Power Plants

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SeafoodGumbo2/16/2010 8:07:48 pm PST

This is why I have my worries about what Obama might do:

Dept. of Energy

America – and much of the world — is becoming increasingly electrified. Today, more than half of the electricity generated in the United States comes from coal. For the foreseeable future, coal will continue to be the dominant fuel used for electric power production. The low cost and abundance of coal is one of the primary reasons why consumers in the United States benefit from some of the lowest electricity rates of any free-market economy.

Obama Told SF Chronicle He Would ‘Bankrupt’ the Coal Industry

So if somebody wants to build a coal-powered plant, they can. It’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.

And today…

“As long as producing carbon pollution carries no costs, plants that burn fossil fuel will be more cost effective than nuclear plants.”