Fracking revolution producing the ‘fuel of choice’ says GE
In the ongoing Fukushima nuclear catastrophe as rights defenders prepare for the Hiroshima and Nagasaki nuclear bombing anniversaries, a leading American human rights groups announces August as “Nuclear Free Future Month 2012″ and General Electric’s chief executive says nuclear power is now hard to justify due to the fracking “revolution” creating abundant natural gas, making it “the fuel of choice to back up renewables.”
The chief executive of General Electric told the Financial Times on Monday that nuclear power has become hard to justify due to the shale gas revolution creating an abundance of natural gas that makes it the fuel of choice to back up renewables.
Urging a renewable energy revolution, one of America’s leading human rights consortiums has announced that August is “Nuclear Free Future Month.”
For now, natural gas is cheap – until the Malthusians get building costs and hurdles to match those of muclear and coal and supply and demand alter the pricing structure further. I wouldn’t fall all over myself to project this out too far. GE is speaking for GE and they aren’t selling many reactors while they are selling wind turbines with all profits supplied by governments. Electricity production can be robust and cheaper if government gets out of the way of coal, natural gas, and nuclear and removes artifical support for wind.
And of course the answer might accurately be different for Japan than for the U.S.
GE will be happy to build you a turbine for your nat gas power plant. GE may be the best of the best at sucking money from the government and fooling the greens. Admirable or despicable?