War defenestrates a lot of fanciful notions in a hurry. From QTR’s Fringe Finance via zerohedge.com:
My readers know that I’ve written about nuclear power as a pragmatic solution to the world’s energy needs since I started this blog. While I’ve kept my readers abreast of countries who have started to adopt the idea of nuclear for energy – places like France, Poland and Japan – one of the biggest holdouts on the global stage has been Germany.
Germany hasn’t just been a holdout. The country has been hell-bent on ridding itself of nuclear power – easily making it the most prominent of the major European countries to try and pin the energy source as either too risky, bad for the environment, or both.
But, as I’ve argued, advocates for nuclear power know that it is just the opposite: clean, efficient and safe. A key part of my argument for investing in uranium has been that the world is going to “wake up” one day and realize that nuclear power fulfills the practical energy needs of the world, while appeasing ESG investors and “green” activists at the same time.
For all intents and purposes, when considering the power it generates and its carbon footprint, nuclear is as close to a “holy grail” of energy that we have at the present moment – and it’s certainly the most common sense solution to our energy needs.