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Seven Steps The US Can Take To Reclaim The Nuclear Power Initiative

 February 15, 2011 04:31 PM

Once there was a time when America bestrode the nuclear world as a colossus. Names such as Einstein, Oppenheimer, and Manhattan Project helped to win World War II and contributed to many peacetime applications as well. Over the ensuing decades, the United States allowed other nations to take the lead in the development of nuclear power.

Recently I wrote an article depicting the French Leader Sarkozy celebrating the multi-billion-dollar agreement with India to build a new generation of safe nuclear reactors for the next 25 years. We have become a nation asleep at the switch while the world is developing cheap, non-carbon electricity. Many countries, especially Asian nations, are building reactors with many proposed to come online in the future. France is the world leader, building facilities in England, Finland, China, Italy, and India among others. Even countries rich with oil such as Saudi Arabia and Iran have goals of building nuclear power generation. Doesn't that show the winds of change are blowing?

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Jeff Immelt, Ceo of General Electric (GE), has gone on record decrying the snail's pace at which nuclear plant construction is proceeding in the United States. He noted that we are building only one plant during a time of mass unemployment and mounting national debt.

Additional new nuclear plants are springing up elsewhere. South Korea gets a significant amount of electricity from nuclear and Korea Electric Power (KEP) has been competing with giants for nuclear plant construction. Taiwan is beefing up its power grid by going nuclear as well. The Russians have signed nuclear agreements with Iran, China, Venezuela, and Nigeria. Yet the US dragged its feet. It is apparent that America has no time to lose in the nuclear race.

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Actually this crisis presents a singular opportunity for alert readers to make large profits in a rapidly growing sector catalyzed by volatile world developments. Under our very noses we are witnessing the possible loss of our oil supplies via such threats as the closure of the naval choke hold, Suez and Hormuz. There was little coverage over the weekend of the explosion in Northern Sinai of the Egyptian-Israel-Lebanon-Jordan natural gas pipeline by terrorists and it's believed a renewed interest will arise in light of recent events in the Middle East. Now investors are celebrating Mubarak's departure, however a leaderless nation with a power vacuum may be the perfect environment for a geopolitical explosion.

I propose the following seven-step program to rebuild our nuclear legacy and, at the same, provide profitable opportunities for readers.

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