Roger Biduk - There's Many Reasons to Have More Nuclear Plants

Roger Biduk writes:

There are many reasons to lower the dependency on oil and build more nuclear plants.
Just look at France. Nuclear plants produce 79% of their electricity. Plus, unlike the U.S., they reprocess their fuel. Even so, the radioactivity in the used fuel rod drops 99.9% in 40 years.

There was one, and only one nuclear accident in which there was loss of life, Chernobyl. But this type of accident wouldn't occur today. If they had a containment structure like the plants in the U.S. must have, no one would have died and no radiation would have escaped. This type of reactor design would never be licensed in the U.S.

Plus, the mistakes made by the engineers and other workers that led to the accident were unbelievable.

The incident at Three Mile Island has always been exaggerated. No one died and the damaged fuel was contained.
Because of Three Mile Island, safety regulations were changed to make sure that this would never happen again.

There's lots of uranium around, with lots of it in Canada. Estimates have the planet's known resources at around 100 years. And if you include the amount that could be collected from ocean water, the resource is limitless.

If the price of uranium were to rise, there would be more exploration and more found. Plus a substitute called thorium could be used and there's three times more of it around than uranium.

There's actually a new technology that's been developed that uses no net uranium. It's called the breeder reactor, but at the moment the price of uranium is too low for this technology to be competitive.

But there's many roadblocks when it comes to building new plants. Finding the money, insuring the plants, politics, activists and escalating construction costs are only a few.

It seems that the pros and cons are endless.....

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Roger Biduk is an investment advisor and services clients in Montreal, Hudson, West Island and throughout the provinces of Quebec & Ontario.