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While many countries are seeking to reduce their dependence on fossil
fuel, France dramatically changed its source of energy supplies--it
went nuclear.
The French leadership embarked on an ambitious nuclear energy program
back in 1973. Now, France has 58 nuclear power plants and derives
nearly 80 percent of its electricity from that source. In short,
France is the world's biggest user of nuclear power plants -- most
of them operating initially with American technology.
The United States imports 58 percent of its oil, a percentage expected
to rise to 68 percent by 2020. Until recently, the United States
had more oil independence because of the tremendous source of oil
in our own hemisphere -- especially from Venezuela.
But Venezuelan President
Hugo Chávez delivered a stunning
blow to U.S. oil security. He seized control of the Orinoco tar sands,
and because of the size of this deposit -- between 1.2 trillion and
1.8 trillion barrels of oil -- this was a true disaster for the United
States. Orinoco represents 34 percent of all known world oil reserves,
and 58 years of world oil consumption at current levels.
Oil in Alberta, Canada,
looks promising but environmental considerations and the difficulty
and cost of extraction mean that oil exported
from Canada could have major delays. Also, the U.S. Energy Department's
2006 International Energy Outlook categorized the Athabasca oil in
Alberta at only 2.8 million barrels a day in 2030, which is less
than 10 percent of U.S. consumption in that year. Moreover, China's
consumption is expected to have quadrupled by 2030, with that country
importing 11 million barrels per day. If Chávez was not moving
to become a dictator in Venezuela, Americans wouldn't need to think
outside the box. But if Chávez moves towards dictatorship,
his potential longevity increases. And Chávez will have oil
revenue from his country's partnership with China.
Many Americans are starting to believe we must consider greater
reliance on nuclear power.
The United States has 104 nuclear plants -- and licenses on 48 of
the older plants have been extended for the next 20 years.
Still, many Americans worry about the dangers of a nuclear energy
accident. The near-disaster at Three Mile Island in Pennsylvania,
and the major accident at Chernobyl in the old Soviet Union, demonstrate
how seriously nuclear power should be monitored. But many countries
now believe the advantages of nuclear power overcome its shortcomings.
The trend toward nuclear power is growing exponentially around the
world. A hundred new nuclear power plants will be operating in China,
India, Japan, and Russia within the next 12 to 15 years, according
to investment newsletter publisher Doug Casey. Casey, who hosts seminars
on natural resource investments, says China, India, Japan and Russia
are not expecting Middle East oil to supply their future energy needs.
And that means uranium, the element needed to develop nuclear power,
is rising steadily in price. Currently, uranium is $120 a pound.
In 1990, uranium prices were much lower, at $12.55 per pound.
According to Casey, nuclear waste is not a great problem. If all
the nuclear waste that has been used by all the power plants around
the world thus far were put in one place, it would only fill a football
field 30 feet high. On the other hand, burning coal to power utilities
would create millions of tons of waste.
Potentially, uranium deposits are all over the world. But the problem
lies in finding enough uranium deposits in one place to put it into
production. It takes 10 years to put a uranium mine into production,
and that is one of the reasons for its high cost.
Many Americans like alternative energy solutions, such as solar
and wind, but those industries are too small to pack a meaningful
wallop. The green technologies of tomorrow hold great promise, but
they have not yet demonstrated an ability to perform at scale. Nuclear
power, however, has already demonstrated its safety, scalability
and reliability. The need for more power is rising, and many believe
nuclear is the only practical way to handle mass power.
France has done a good job of providing safe nuclear power to its
population. Perhaps the United States should consider following France's
lead: Use more nuclear power for utilities.
Lois Lindstrom is a journalist who lives in South Florida. |