Reply #1: Why is it that expensive? [View All]

[Dogmudgeon]

Pro or anti-nuclear, the answer will NOT make you feel warm and fuzzy.

Inflation is starting to hit, and hit hard, in our basic industries. Nuclear energy is not subsidized nearly as heavily as we like to believe, so the price increases are showing up almost immediately. The price of wind power installations has also increased painfully. The inflation itself is coming from, what else, petroleum price run-ups. (Coal price is involved to some extent, too.)

Next, inflation will hit industrial goods. Then large consumer goods. It will work its way toward daily consumer spending. This happened almost the same way between 1967 and 1974.

I know the anti-nuclear movement has been gloating over cost escalation for a couple years, but it is ominous for many more industries than just nuclear energy.

--p!