“President Bush presented a plan on Wednesday to offer federal risk insurance to companies that build nuclear power plants.” NY Times.
Good news indeed, a suggestion from Bush that makes sense. Nearly all new electric plants use natural gas because clean burning natural gas is the only thing that can get approved to be built. But the problem is that the U.S. and Canada have only a finite supply of natural gas that is quickly being used up. The price of natural gas is now at all time highs.
Uranium, on the other hand, is very plentiful, and there’s enough uranium to supply our energy needs for hundreds of years. Even coal (our primary source of electricity) isn’t as plentiful as uranium. Furthermore, uranium is mined in politically stable and friendly countries like Canada and Australia so there’s no fear of the supply being suddenly cut off by an Islamic revolution.
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If you click on the linked article, you will also notice a statement which demonstrates the hypocrisy of liberals:
"The Republican plan won't help the families, truckers, farmers and small businesses suffering from skyrocketing gas prices today," Senator John Kerry, the Massachusetts Democrat who ran for president against Mr. Bush in 2004, said in a statement.
Ignoring the fact that less expensive electricity from nuclear power plants will indeed help families and small businesses, it’s liberal Democrats like Kerry who have always said that Americans use too much gas. High prices will encourage conservation which is always what they said they wanted! How else do they expect to make people conserve? Low prices will encourage people to use more. Maybe they never took Economics 101?