LOL, no.
Nuclear Energy returns equal or better fossil fuel returns.
http://www.eia.gov/electricity/annual/html/epa_08_01.html
All we are doing is boiling water. If you want to use fossil fuels to boil water, when we can do it by a clean, nuclear reaction, you are sick.
Those fossil fuels should be preserved for posterity, not burned up.
-John
Recent technologies for fracking are not new. The reason they are being employed now is because the marginal cost for crude oil is high. The reason for that is peak oil.
That's my point. And the price went up because marginal costs are high. Marginal costs are high because of peak oil.
That's right. It's not about reserves.
I hate to argue the stupid clause, but if Nuclear Energy is "just" electricity, do you understand that we can have virtually unlimited power, while producing it in a clean environment?
-John
Cost of oil to extract a Barrell of oil. What's story here, from my graph it appears the U.S. is extracting more oil than ever before by a large margin.