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Tag: nuclear costs

Oliver Stone’s new film Nuclear Now opens

April 28, 2023, 7:01AMANS Nuclear Cafe

Academy Award–winning director Oliver Stone has long courted controversy with such films as Born on the Fourth of July, JFK, Natural Born Killers, and Nixon. His latest release is sure to continue that trend. In Nuclear Now, which opens today in theaters nationwide, Stone “explores the possibility for the global community to overcome the challenges of climate change and energy poverty to reach a brighter future through the power of nuclear energy,” according to the movie’s website.

The documentary’s perspective on nuclear energy is summarized on the site as follows: “In the mid-20th century as societies began the transition to nuclear power and away from fossil fuels, a long-term PR campaign to scare the public began, funded in part by coal and oil interests. This campaign would sow fear about harmless low-level radiation and create confusion between nuclear weapons and nuclear energy. Looking squarely at the problem, Oliver Stone shows us that knowledge is the antidote to fear, and our human ingenuity will allow us to solve the climate crisis if we use it.”

Essay: Inflation and interest rates threaten nuclear new-build future

September 15, 2022, 7:07AMANS Nuclear Cafe
Interest rates have an outsized impact on nuclear power costs compared to those for other methods of power generation. (Source: World Nuclear Association)

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.