What about nuclear power?
This entry was posted on 4/28/2007 10:49 PM and is filed under nuclear.

In November 2005 when I first "made a case" for shifting taxes from income to energy, I suggested that the energy tax be a BTU or a carbon tax -- both on the energy content of non-renewable sources of energy. (Tax shifting is, of course, not a new idea.)
I've since deleted the carbon tax. Why? The cost of electricity from nuclear power would not increase with a carbon tax.
Nuclear energy is not a viable option to solve the four biggies because of nuclear's economics. The question to ask nuclear energy proponents: "How much does electricity from nuclear plants cost?" The answer: no one has any idea. Why: because there is no long-term storage available in the U.S. for high-level waste. Why do we need long-term storage? From the Nuclear Regulatory Commission website:
"High-level radioactive waste is uranium fuel that has been used in a nuclear power reactor and is "spent" or is no longer efficient in generating power to the reactor to produce electricity. ....Plutonium-239 has a half-life of 24,000 years. High-level wastes are hazardous to humans and other life forms because of their high radiation levels that are capable of producing fatal doses during short periods of direct exposure. For example, ten years after removal from a reactor, the surface dose rate for a typical spent fuel assembly exceeds 10,000 rem/hour, whereas a fatal whole-body dose for humans is about 500 rem (if received all at one time). Furthermore, if constituents of these high-level wastes were to get into ground water or rivers, they could enter into food chains. Although the dose produced through this indirect exposure is much smaller than a direct exposure dose, there is a greater potential for a larger population to be exposed."
Yucca Mountain, Nevada is the (one, uno) proposed site for storing U.S. high-level nuclear waste. It's been studied for almost 30 years by the U.S. Department of Energy.
Yucca update: March 2007 - "It will cost $26.9 billion to build and operate the Yucca Mountain nuclear waste dump through 2023. ...The department did not release a new figure for the total life-cycle cost of the Nevada project, estimated several years ago at $58 billion." P.S. - don't forget transportation concerns and costs.
Yucca update: February 2007 - U.S. Senate Majority Leader Harry Reid says Yucca is dead. "They can keep spending money there. Nothing's going to happen."
Since we still don't have long-term storage of high-level waste (needed for hundreds of thousands of years), we don't know the cost. Since we do not know the cost of nuclear energy, we should not invest another penny into it.