Jul 15
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Oil Cooler Union
IS NUCLEAR POWER A SOLUTION?
nergy consumption worldwide is breaking record after record. Since the burning of oil and coal produces greenhouse gases, some governments are taking a closer look at nuclear power as a cleaner alternative. But it too presents challenges.
The International Herald Tribune reports that in France, one of the world’s most nuclear-reliant countries, up to 670 billion cubic feet of water is required annually to cool reactors. In the heat wave of 2003, the hot water normally expelled from France’s reactors threatened to raise the temperature of rivers to environmentally damaging levels. Hence, some power stations had to shut down. This situation is expected to worsen if global temperatures rise.
“We’re going to have to solve the climate-change problem if we’re going to have nuclear power,” said nuclear engineer David Lochbaum of the Union of Concerned Scientistshttp://www.watchtower.org/e/200808/article_02.htm
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2008 Mitsubishi Endeavor LS Maxon Hyundai Union, NJ
What are the reasons behind the expected rise in energy cost?
I think this is a lot to ask. I have to right a paper on this and I just need a little push. Besides that I am deeply interested in these kinds of questions, which is why I chose this topic.
For my answer: I am thinking it has to do with growing demand. However, I am hesitant to expand on that further when I think about the recession. Everyone was cutting back I thought. That should lower the rise in energy.
I thought about unions. Employees get a little more cusion. That means more money. Not sure about that though.
Falling US dollar perhaps. However I don't understand economics so that is tough for me to verify ini my mind.
Greedy companies want more money. Conspiricies tied to oil companies. Not sure what to make of this. Most of these kinds of theories are not true or really far fetched.
That is about it right now. If anyone wants to educate me, add to my list of ideas. That would be cool.
Don't look at oil as only a US commodity. The entire world uses oil!
Take a look at our friends overseas. China has exploded in recent years in terms of industry. Their demand for oil has continued to rise and outpaces the demand by the US. Remember there is a finite supply and a voracious demand. What other countries have experienced rapid industrial growth? How are their energy needs being met?
The falling US dollar does hurt, because a weak dollar means it takes more dollars to buy a unit of something. Think about it like this example. A barrel of oil cost $100 AED (United Arab Emirates Dirham.) Let's say the US dollar is equal to a AED. So, the oil costs $100 USD.
But let's say the US dollar is 10% weaker than the AED. That means that 1 USD only buys .90 AED. So to buy the $100 AED bartrel of oil, we need to come up with $110 USD. The weaker the US dollar becomes, the more dollars will be needed to purchase something.
Greedy companies are profitable companies. What does it mean to be greedy? Remember, businesses have a fiduciary responsibility to legally maximize profits for its shareholders. As a driver, you may be upset at paying $5 a gallon for gas, and you might call the oil companies greedy. But if you were a shareholder in the oil companies, you would be quite happy.
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