Coal, Oil and Natural Gas Attacked by DOE : Now Nuclear Energy

Restricting expansion, innovation and competition for nuclear energy is by design, just as the attack on coal is destroying the entire industry, and now the attack on the oil and natural gas industry that is having an impact on the price of electrical energy and Americas future.

$Billions of tax dollars are being spent on 'renewable' energy sources, solar, wind and bio fuels that have shown they are not ready as alternatives to fossil energy, but never mind, the Department of Energy moves forward ready to spend what ever it takes to make the ideology of progressives a reality.

Given the total production of fossil energy in America is more then 40% and renewables is less the 3%, it not hard to understand the demand for renewables is driving the price for energy higher. This is not by accident or due to market forces, this is the agenda of the progressive socialists that currently occupy the White House and their friends in the environmentalist community that have decided life as it has been lived in America must change.

The options for prosperity for citizens in America have to be limited to what is seen by the controlling elites in Washington as necessary to make life for everyone, the advantaged and disadvantaged, equal. No one should have more then anyone else, it's not fair, except of course, for those in power.

Nothing new here as this strategy has been used many times in history and it has always failed. "Each according to ones needs and each according to ones abilities"

Department of Energy Says No to Expanding Nuclear Capabilities
Source: Mario Loyola, "The Need for Nuclear Regulatory Reform," Texas Public Policy Foundation, January 2015.

May 28, 2015

Although the nuclear industry accounts for 19 percent of U.S. electricity needs, the U.S. government has impeded the de­velopment of a healthy, competitive nuclear sector. In recent years, it has intervened as both a regulator, and as an industry player seeking financial profit for itself by selling uranium on the open market from its own stocks.

The Department of Energy (DOE) regularly releases such uranium inventory even when the market is in depressed conditions, in violation of federal law, as the Government Accountability Office has concluded, imposing significant losses on private industry.

These interventions create incentives against investment and capacity expan­sion in an industry that needs to be able to expand in order to keep providing American families with low-cost, reliable energy.

As a result, the U.S. nuclear energy sector faces extraordinary risks and regulatory burdens compared with its foreign com­petitors, forcing a potentially internationally competitive sector onto thin ice.
Congress could consider the following reforms:

• State and federal government should create as much space for open competition in the nuclear energy sector as possible within reasonable environmental regulations.
• Congress should streamline the nuclear regulatory framework, devolving as many regulatory functions as possible to the states.
• DOE should be required to stick to the letter of the law in conducting transfers of its uranium stocks.
• States should also do their part by streamlining their environmental regulations.

This results in reduced nuclear energy capac­ity (despite the artificially low spot price for natural uranium) which, together with the higher financing costs associated with elevated levels of risk and regulation, combine to result in higher prices for nuclear energy, which are ultimately born by America's working families.