343. UK EMBRACES NUCLEAR POWER
Good news from the UK today:
A government minister will call today for a huge expansion of Britain's nuclear power in what he predicts could be a £20bn economic bonanza that will create 100,000 new jobs and benefit the economy as much as North Sea oil.As we've known all along here at POD, nuclear will be a key backbone of the post-peak-oil energy regime, and countries which get out in front of it, like France, and now the UK, will derive huge benefits. The title of the article say it all:
Nuclear is UK's new North Sea oil
What happens when the North Sea runs out? You send all the babbling old farts from the oil industry to the nursing home, and replace it with nuclear. Problem solved. Just like Hubbert suggested in his 1956 paper Nuclear Energy and the Fossil Fuels(pdf):
Also nice to see the Minister discussing the economic benefits of a massive nuclear build:
But in his speech to Unite, Britain's largest union, which has 26,000 members in the energy sector, Hutton will attempt to focus attention on the potential economic gains to be achieved from the replacement of Britain's nuclear reactors.POD couldn't agree more. The solution to peak oil -- retrofitting and rebuilding our entire energy/transportation infrastructure from the ground up -- is going to be a massive economic stimulus. A process of intense creative destruction, rather like a war, except it will occur during peacetime.
"Just replacing our existing capacity alone will equate to three times the size of the project to build Terminal 5 at Heathrow. It could represent around £20bn worth of business for UK companies," he will say.
"And with no artificial cap to constrain the potential of new build in the UK, there is every reason to believe that the industry could be contributing a significantly higher proportion of the UK in the decades ahead. Creating thousands of long-term highly skilled jobs directly within the energy industry and throughout the supply chain, the prize could be massive."