• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 5 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 19 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 23 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 3 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 1 hour CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 3 days Modest drop in oil price: SPRs vs US crude inventory build
  • 3 days 2019 - Attack on Saudi Oil Facilities.
  • 7 hours NordStream2
  • 3 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 5 days Ukrainian Maidan after 8 years
  • 5 days Peak oil - demand vs production
  • 6 days "How the CO2 shortage is impacting the food and drink sector" - Specialty Food Magazine
Biden's Bid To Lower Oil Prices Fails

Biden's Bid To Lower Oil Prices Fails

President Biden finally succeeded in…

Cheaper, Safer, Smaller Nuclear Reactors will Put the US Back on Top

Moving away from large-scale, toxic nuclear reactors, the Department of Energy announces a plan to develop safer, smaller options

Mini reactors the future of nuclear power?

The US Department of Energy announced that it would support the new design of “small modular nuclear reactors” last week. Contracts to design and begin production of the reactors by 2022 will be awarded to select companies and funded under the DOE.

The smaller reactors are intended to make it easier on utilities, who will gain more flexibility with reactors that are about one third in size, cheaper and quicker to design and easier to obtain permits for running.

Energy Secretary Steve Chu touts the idea. “We think (small, modular nuclear) solves a lot of issues in terms of investments and electricity infrastructure,” Chu said at a press conference a year ago. “And it’s a way for the United States to regain its leadership in nuclear.”

They'll also be much safer. A number of startups have been working on new designs, including TerraPower, NuScale Power and Hyperion Power Generation, that also use different fuels and reduce nuclear waste.

In the wake of the Fukushima nuclear power plant disaster last year, technology companies are stepping up to develop safer, more economical nuclear reactors in an attempt to wean dependence on conventional, large-scale nuclear used all over the world today. After Bill Gates took his concepts to China—where regulations on nuclear plants are less stringent and innovations gain support—the DOE's announcement is a positive step in spurring more US manufacturing.

“America’s choice is clear - we can either develop the next generation of clean energy technologies, which will help create thousands of new jobs and export opportunities here in America, or we can wait for other countries to take the lead,” said Energy Secretary Steven Chu. “The funding opportunity announced today is a significant step forward in designing, manufacturing, and exporting U.S. small modular reactors, advancing our competitive edge in the global clean energy race.”

By. Carin Hall



Join the discussion | Back to homepage



Leave a comment
  • Mark Chembrovich on January 25 2012 said:
    This is actually a farce, we don't need the DOE to finance and approve of their method of clean energy. We need them to get out of the way so the private sector can build already approved mini power plants that the consumer uses independently of the gvt. Since they have not, the technology has been forced overseas to leverage the EU financial situation.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News