In an essay titled “How the Fed will Strangle New Nukes,” published this week by American Thinker, nuclear engineer and writer Joseph Somsel warns that despite current expectations of a nuclear construction boom, “As in the late 1970s, rising interest rates will put the kibosh on new nukes.” Somsel therefore urges the financing and building of new nuclear facilities right now, before ongoing inflation and increasingly high interest rates “kill a lot of the plans” for new nuclear power plants.