re: #117 Nojay UK

Ummm, no. People with an irrational fear of nuclear power and its components put out so much bullshit it’s not surprising that other people start to fear it too. I could explain in detail why that risk doesn’t really exist but the technicalities would result in MEGO (My Eyes Glaze Over) for most folks. Sensationalism sells eyeballs instead.

My problem with nuclear energy is a purely economic one: it is artificially subsidized through a liability cap on potential damages. ($500 mil in the US €1.5 mil in Europe).

That means that plant operators need only insure themselves up to that amount.

Compare that to the costs of Chernobyl, estimated at around $20 billion, or Fukushima, currently $75 billion, perhaps as much as $100 billion.

If nuclear plant operators had to be liable for the full extent of the potential damages, their insurance rates would put them out of business.