When Goldman Sachs analysts suggested last week that oil could hit $200 a barrel, I expected someone somewhere to express horror at the possibility. But the reaction was a tiny, resignation-filled sigh. Relentless fuel-price increases have so exhausted consumers that we don't have the energy to be outraged anymore. So we feel helpless as we watch oil sprint past the $130 mark on its way to price-prohibitive territory and wonder whether it's too late to bring back the horse and buggy. Our sense of helplessness is an illusion: There are things we can do. We got ourselves into this mess, mostly through multiple administrations of politically comfortable but shortsighted decision-making. And inasmuch as we're willing to stand a little political discomfort, we can get ourselves out.
David Crane is a man who isn't afraid of a challenge. When he took the helm at NRG Energy in the winter of 2003, the company was mired in Chapter 11 bankruptcy proceedings -- just one of many companies caught in the meltdown of the U.S. power generation industry, instigated by the scandalous collapse of Texan power giant Enron in 2001.
In the coming years we face an unprecedented challenge -- to provide the means for global prosperity, growth and stability from a radically different set of energy sources.
Power producer NRG Energy Inc. is expected on Tuesday to submit the first application for a new nuclear reactor in the United States in nearly 30 years.
"We were at heightened security - we were at red," recalls Al Griffith, spokesman for the utility that owns the Seabrook Nuclear Power Plant in New Hampshire.
Ralph DeSantis was home in bed before dawn on March 28, 1979 when his phone rang. It was his shift supervisor at Three Mile Island (TMI), calling from the plant. "'We have an emergency at Unit II and it's serious,'" is the first thing DeSantis remembers hearing. Then he heard the alarms going off.
Uranium has always been a hot commodity - literally. But in the past year the cost of the raw material inside nuclear reactors - and atomic bombs - has jumped nearly 100%.
Hurricane Charley did a prime number on Florida's Sanibel Island, toppling phone poles, ripping roofs off beachfront homes and uprooting stately palms and Australian pines that canopied the resort'...
The Nuclear Regulatory Commission failed to identify and prevent corrosion at an Ohio nuclear plant more than two years ago, an oversight that was the most serious safety incident since the 1979 Three Mile Island disaster, according to a report released Tuesday by the investigative arm of Congress.
When Goldman Sachs analysts suggested last week that oil could hit $200 a barrel, I expected someone somewhere to express horror at the possibility. But the reaction was a tiny, resignation-filled sigh. Relentless fuel-price increases have so exhausted consumers that we don't have the energy to be outraged anymore. So we feel helpless as we watch oil sprint past the $130 mark on its way to price-prohibitive territory and wonder whether it's too late to bring back the horse and buggy. Our sense of helplessness is an illusion: There are things we can do. We got ourselves into this mess, mostly through multiple administrations of politically comfortable but shortsighted decision-making. And inasmuch as we're willing to stand a little political discomfort, we can get ourselves out.
David Crane is a man who isn't afraid of a challenge. When he took the helm at NRG Energy in the winter of 2003, the company was mired in Chapter 11 bankruptcy proceedings -- just one of many companies caught in the meltdown of the U.S. power generation industry, instigated by the scandalous collapse of Texan power giant Enron in 2001.
In the coming years we face an unprecedented challenge -- to provide the means for global prosperity, growth and stability from a radically different set of energy sources.
Power producer NRG Energy Inc. is expected on Tuesday to submit the first application for a new nuclear reactor in the United States in nearly 30 years.
"We were at heightened security - we were at red," recalls Al Griffith, spokesman for the utility that owns the Seabrook Nuclear Power Plant in New Hampshire.
Ralph DeSantis was home in bed before dawn on March 28, 1979 when his phone rang. It was his shift supervisor at Three Mile Island (TMI), calling from the plant. "'We have an emergency at Unit II and it's serious,'" is the first thing DeSantis remembers hearing. Then he heard the alarms going off.
Uranium has always been a hot commodity - literally. But in the past year the cost of the raw material inside nuclear reactors - and atomic bombs - has jumped nearly 100%.
Hurricane Charley did a prime number on Florida's Sanibel Island, toppling phone poles, ripping roofs off beachfront homes and uprooting stately palms and Australian pines that canopied the resort'...
The Nuclear Regulatory Commission failed to identify and prevent corrosion at an Ohio nuclear plant more than two years ago, an oversight that was the most serious safety incident since the 1979 Three Mile Island disaster, according to a report released Tuesday by the investigative arm of Congress.
Want to change the world? Lead the assault on daunting frontiers? Goad your fellow man into achieving greatness? Improve the odds of finding a parking space? It's easy. Even better, it might make y...
That which does not kill me makes me stronger" may have been the most fatheaded thing Nietzsche ever said--I guess he never flew from Bangkok to New York in a middle seat in economy--but in a gener...
America's best-known nuclear plant is on the block. A mere $600 million, and Three Mile Island can be yours. But you'd better hurry; a deal's in the works.
THE DIVIDEND YIELD ON THE AVERAGE STOCK IS at the lowest level since the 1920s. As the chart shows, the Dow now pays 2.3%, a puny amount compared with its historical 4.4%.
Conservation is great, but you can no more get new energy from it than you can get new money by hiding what you have in the mattress. Most electricity comes from coal. Only 20% is nuclear. Windmill...
Where were you in 1979? That was the year Iran seized 63 U.S. hostages and radiation seeped from the Three Mile Island nuclear plant. For the first time the price of gold eclipsed first $300 an oun...
After those Seventies shocks, OPEC and Three Mile Island, abundant U.S. coal is the fuel of choice for the country's utilities. Some of the coal is low in sulfur, and some of the smoke gets scrubbe...
In which the present writer continues for some reason to propound long-winded interrogatories, the answers to which everybody knows, or if not we are in even bigger trouble than previously postulat...
NUCLEAR POWER was not a wonderful business to be in even before the disaster at Chernobyl. It now figures to become a lot less wonderful for utilities. Several companies that build and service nucl...
Investors looking for a double scoop of capital gains have been finding it in doubly troubled nuclear utilities -- companies that not only own nuclear power plants but also have had severe enough p...
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