• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 15 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 13 hours Revisiting: "The U.S. Grid Isn’t Ready For A Major Shift To Renewables" from March 2021 by Irina Slav at OILPRICE
  • 3 days How cheap Chinese tires might explain Russia's 'stalled' 40-mile-long military convoy in Ukraine
  • 8 days "The Calm Before The Storm In Oil Markets" by Tom Kool of OILPRICE and seen at YahooFinance
  • 7 days Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 1 day Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 7 days "Russia will stop 'in a moment' if Ukraine meets terms - Kremlin" by Reuters via Yahoo News...but Reuters suddenly cut out the balanced part of the story.
  • 8 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
Tin Supply Is Running Dangerously Low

Tin Supply Is Running Dangerously Low

The tin market is dangerously…

Senators Propose Pro-Nuclear Tax Amendment

Three Senators have proposed an amendment to tax credits to boost the competitiveness of nuclear power, Reuters reports, adding that the proposal is part of a wider energy reform bill that was voted on yesterday in the Senate.

"We're in danger of seeing the premature closing of the nuclear reactors in this country," one of the sponsors of the nuclear bill, Democrat Ben Cardin, said.

Cardin's fellow Senators have yet to vote on the bill, which will be after it is refined.

Nuclear energy is an emission-free form of electricity generation, but it has a bad reputation because of devastating—although extremely rare—accidents such as the Chernobyl meltdown and the Fukushima disaster.

Some environmentalist groups do not consider nuclear power clean at all. Others do see a place for it in the emission-free vision of the future. The latter include none other than the International Energy Agency itself.

"Without policy changes, advanced economies could lose 25% of their nuclear capacity by 2025 and as much as two-thirds of it by 2040," the agency warned in 2019. As a result of this, the IEA went on to say, the planet could suffer as much as 4 billion tons of carbon dioxide in additional emissions.

In the United States, nuclear power plants have suffered not just bad reputation but intense competition from cheap, abundant gas and renewables, which do not require the steep upfront investment that a nuclear power plant requires.

The Biden administration has signaled a favorable position on nuclear power, however, which means there is a chance for this form of energy to lose some of its stigma. Indeed, nuclear is part of the American Jobs Plan.

"Among broader energy sector investments, the plan would support the development and demonstration of advanced nuclear energy, a clean energy technology critical not only for meeting mid-century climate goals but for ensuring a more resilient energy infrastructure in the decades to come," said the executive director of the Nuclear Innovation Alliance, Judi Greenwald, at the time.

By Charles Kennedy for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

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