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          Welcome to my Web Site

            Truth About Energy. com

               Donald E. Lutz, PE

Please e-mail me if you have comments or questions.  I will answer questions if possible. Lets have some dialogue*.

"Mythology distracts us everywhere. For the great enemy of the truth is very often not the lie: contrived and dishonest. But the myth: persistent,  persuasive, unrealistic.  "You must not be afraid to follow the truth no matter where it is found."

Thomas Jefferson

Welcome to my energy web site. In this site I reveal the truth about energy that concerns the future of our country and the world. Also I discuss the religions, and  environmentalists,  who strongly espouse energy policies that I think would return us to the third world living conditions.

The blue underlined links on the left column forms a table of contents (TOC) of this Web site as well as an easy way to go to any Page by simply clicking on the link. Be sure and read about the Fast Breeder Reactor and Fuel Cycles. This Web site is free, I do not ask for or take any money

Nuclear Power is the answer to our energy problem.

  • Nuclear power offers an infinite supply of energy.

  • Energy produced from  nuclear power plants is the most economical of all sources.

  • Nuclear power has no pollutants

  • Nuclear power fission product wastes are minuscule and can be safely stored.

  • Nuclear power is safe as demonstrated by the records of 104 commercial plants each operated over 30 years.

Nuclear power employing Fast Breeder Reactors offers the world an infinite supply of energy. But Bill Clinton and Jimmy Carter  stopped its progress as payback to the environmentalists who voted for them. Carter also prevented recycle of fuel coming out of commercial reactors.

President Clinton actually pledged to remove all funding from nuclear power research during his nationally televised inaugural address. And he kept his promise. Clinton ordered the Experimental Breeder Reactor power plant (EBR II) shutdown. And he ordered that EBR II be destroyed..

As payoff to the environmentalists, President Bill Clinton  shutdown Argonne National Lab's  Experimental Breeder Reactor (EBR II)  in Idaho and  poisoned the reactor assembly with a carboniferous material so it can never be started again. This is one of the most egregious acts  ever performed by a mentally sick president.

Obama is also beholden to he environmentalists and cannot restore the Fast Breeder  (FIR)  project.  If Obama  said he would restore Fast Breeders, he would not be elected dog catcher by the environmentalists. 

Nearly 100% of the uranium that is introduced into the existing commercial nuclear power plant fuel cycles could be used in Fast Breeder  Reactors to produce an infinite amount of energy.  

Moreover, if we could reprocess our present stockpiles of depleted uranium currently stored at the sites of our 104 commercial nuclear reactors and  also the depleted Uranium Hexafloride (DUF6)  from the bomb program and  apply these  in Fast Breeder Reactors it could produce all of our Nations electricity for many years without the need for additional uranium mining or CO2 production.

It is amazing that we now have to bury and throw away the nuclear fuel discharged from commercial reactors and spend billions of dollars to purchase natural gas, oil,  and coal to generate electrical energy. We should conserve these fossil fuels for other uses.

Facts from Professor Cohen (University of Pittsburgh) and others

 How long will nuclear energy last? These facts come from a 1983 article by Bernard Cohen. Nuclear energy, assuming breeder reactors, will last for several billion years, i.e. as long as the sun is in a state to support life on earth

Breeder reactors use uranium more than 100 times as efficiently as the current light water reactors. Hence much more expensive uranium can be used. At $1,000 per pound, uranium would contribute only 0.03 cents per kWh, i.e. less than one percent of the cost of electricity. At that price, the fuel cost would correspond to gasoline priced at half a cent per gallon.

We thus conclude that all the world’s energy requirements for the remaining 5×109 yr of existence of life on Earth could be provided by breeder reactors without the cost of electricity rising by as much as 1% due to fuel costs.

See Professor Cohn's web site. Click on the below web site,

 See Professor Cohen's Facts 

An other Web site I encourage  my readers to visit is Robert 'Moen's Site    See Robert Moen's site 

This  site is very well done and full of important energy related information.  Another  site to visit is the: :

 Institute for Energy  Research

The blue underlined links on the left column forms a table of contents (TOC) of this Web site as well as an easy way to go to any Page by simply clicking on the link. Be sure and read about the Fast Breeder Reactor and Fuel Cycles. This Web site is free, I do not ask for or take any money


Thus is about the worst decision Obama has ever made considering the many.

Oil drilling in BRAZIL

 Obama underwrites off shore oil drilling in BRAZIL .

 Today on a segment of the "Glen Beck Show" on FOX (Fox Cable News) was the following: 

"Today, even though President Obama is against off shore drilling for our country, he signed an executive order to loan 2 Billion of our taxpayers dollars to a Brazilian Oil Exploration Company (which is the 8th largest company in the entire world) to drill for oil off the coast of Brazil ! The oil that comes from this operation is for the sole purpose and use of  China  and NOT THE  USA  ! Now here's the real clincher...the Chinese government is under contract to purchase all the oil that this oil field will produce, which is hundreds of millions of barrels of oil".

We have absolutely no gain from this transaction whatsoever! 
Wait, it gets more interesting.

Guess who is the largest individual  stockholder of this Brazilian Oil Company and who would benefit most  from this? It is American BILLIONAIRE, George Soros, who  was one of President Obama's most generous financial supporter during his campaign.

Well Obama does not let us drill for oil in the US, he is all for it other places and with US money.

 Below is the Wall street Journal article to confirm this. http://online.wsj.com/article/SB10001424052970203863204574346610120524166.html

 

When we were building the Clinch River Fast Breeder Nuclear power plant Jimmy Carter was able to dump us for a few million dollars over run. Now we are going to spend 2 billion dollars that we will probably never see any results from. . George Soros will probably get richer with this use of and our money.


A book that I suggest you read is:

PERSCRIPTION FOR THE PLANET by Tom Blees

Subtitled: The Painless Remedy for our Energy & Environment Crises

This book is one of the best I have read which explains this condition. 


U.S. Senator Lamar Alexander (R-Tenn.), chairman of the Senate Republican Conference, chaired a hearing of the conference recently to receive testimony on the importance of building 100 new nuclear plants in the United States over the next 20 years. Senator John McCain (R-Ariz.) co-chaired the hearing. “Today, there is a huge energy gap between the renewable electricity we would like to have and the reliable, low-cost electricity we must have,” Alexander said. “Conservation and nuclear power are the only real alternatives we have today to produce enough low-cost, reliable, clean electricity to clean the air, deal with climate the challenge and keep good jobs from going overseas.  


   
The time has come to implement a new framework for the use of nuclear energy, a framework that accounts for both the lessons learned and the current realities
Tariq Rauf
International Atomic Energy Agency

In  his book :

 BEYOND FOSSIL FUELS, THE ROAD MAP TO ENERGY INDEPENDENCE ENERGY BY 2040

JOSEPH SHUSTER STATES THE FOLLOWING:

Nuclear energy from fast neutron reactors resolves every energy issue facing the world today—depletion of oil, pollution from fossil fuels, and even the prospect of global warming from greenhouse gases.

Moreover, according to Dr. George Stanford of Argonne National Laboratory , with enough Fast Reactor Nuclear electric power plants deployed, no more uranium will need to be mined, milled, or enriched for  centuries to come.


China signs up Russian fast reactors
www.world-nuclear-news.org
15 October 2009
A high-level agreement has been signed for Russia to start pre-project and design works for two commercial 800 MWe fast neutron reactors in China, while a deal for more conventional reactors draws closer.

The Significance of the Russian SVBR-100 Modular Nuclear Reactor

Many analysts expect that societies in the post peak oil period will go through a "power down" scenario that will force their economies to be reconstituted using the primitive energy systems of the eighteenth century. However, not all analysts share this expectation. Since the accident at Chernobyl, an important group of Russian scientists has taken it upon themselves to rewrite the energy future of technically advanced civilizations.

Those scientists have chosen to turn away from the dangerous sodium cooled breeder reactor technology, and have turned instead to their own "home grown" "heavy metal" alternative. At present, the Russians are forging ahead to develop and build two different types of uranium fueled "heavy metal" reactors that have most of the favorable characteristics that engineers and policy makers would want in a nuclear reactor. Those reactors have the potential to usher in a new era of almost unlimited low cost electric power.

The Russians are now the most prolific nuclear power supplier in the world. It has reach my desk that the Russians are now supplying China  with eight Fast Breeder BN800 nuclear power plants.  This is amazing. Clinton destroyed our Fast Breeder reactor power plant program in the US when we were in the lead.  Our Fast Breeder program is now dead thanks to Bill Clinton and Jimmy Carter. 

None of our politicians have any technical background or knowledge about power plants and the US cannot advance the issue.  The DOE has no programs to advance the Fast Breeder  systems  and the US industry will not do it on their own. This is a dark  time in our history and the communistic countries will be ahead of us for the foreseeable future.

 Yes the environmentalists  have won that one due to the lack of knowledge of US population. The Electric Power Research Institute (EPRI) is no help to us either. They should be a proponent of nuclear power.


To All;  Did you all know this?

UK plans construction of 10 nuclear plants

DATE: 10 Nov 2009

 Prime Minister Gordon Brown targets 2018 for the first plant to come online as Britain joins the world push to generate more energy while reducing carbon emissions


Good News: It Looks like the US might get the nuclear power plant revolution under way.

Shaw and Westinghouse Receive Full Notice to Proceed on Plant Vogtle Nuclear EPC Contract
BATON ROUGE, La., Apr 08, 2009 -- BUSINESS WIRE 
 
The Shaw Group Inc. (NYSE: SGR) today announced the Nuclear Division of its Power Group and Westinghouse Electric Company, its AP1000 Consortium partner, received full notice to proceed from Southern Nuclear, a subsidiary of Southern Company, on its engineering, procurement and construction (EPC) contract for two Westinghouse AP1000(TM) nuclear power units and related facilities.
 
The contract was previously announced in April 2008. Its undisclosed value will be added to the company's backlog of unfilled orders in the third quarter of fiscal year 2009.
 
On March 17, 2009, the Georgia Public Service Commission certified Southern Company subsidiary Georgia Power Company to build Units 3 and 4 at the existing Vogtle Electric Generating Plant site near Augusta, Ga. The plant is also owned by Oglethorpe Power, Municipal Electric Authority of Georgia [MEAG Power] and Dalton Utilities. The notice to proceed fully authorizes Shaw to begin EPC services for the plant.
 
"This marks a significant milestone not only for Shaw, but for the entire U.S. nuclear industry," said J.M. Bernhard Jr., chairman, president and chief executive officer of Shaw. "We are poised to break ground on one of the first new U.S. nuclear construction projects in more than 30 years, which will offer the world's most advanced reactor technology."
Shaw and Westinghouse currently are providing engineering, design, procurement and project management services for the nuclear island for four AP1000 units in China, and at least 14 new AP1000 units - including the Vogtle Electric Generating Plant - are being planned by U.S. electric utilities, according to the Nuclear Regulatory Commission. Six of these units are now under contract with the Westinghouse/Shaw Consortium. Shaw and Westinghouse have a long history in the nuclear industry that dates back to the design and construction of America's first commercial nuclear power plant at Shippingport, Penn.  

Words taken from a paper written by Jim Muckerheide   and Ted Rockwell  of the Radiation, Science and Health organization.

"Renewable" and "sustainable " energy means: energy sources that are available indefinitely-- cannot be depleted. Our fossil fuel supplies, coal, natural gas, and oil are not sustainable. As we use them, they are not being renewable at a sufficient rate to be sustainable.

With renewable seawater supplies of uranium and large terrestrial sources of thorium plus fuel recycling and breeder reactors, more nuclear fuel will be created than we consume each year, for millions of years

That's even better than merely "renewable!".


 Republican energy bill will call for 100 new reactors
House Republicans planned to introduce an energy bill today that calls for 100 reactors to be built in the next 20 years as well as drilling onshore, offshore and in Alaska's Arctic National Wildlife Refuge. "This is an alternative that takes us in the direction of energy independence and a clean environment without the national energy tax being offered by the Democrats," said Rep. Mike Pence, R-Ind. 


Russia plans to close the nuclear fuel cycle and develop new commercial Fast Breeder Nuclear Reactor power  plants.

 We need to go over to new technological standards.  I have in mind the closed fuel cycle and the development of a commercial fast neutron reactor. This should be the objective of a specialized program called Nuclear Energy Technologies of a New Generation. Preparation of it should finish by November of this year," Putin told a conference in Elektrostal on the future of the country's nuclear industry.

 The program would involve, among other things, a set of projects to close the nuclear fuel cycle, which includes processing irradiated nuclear fuel removed from nuclear power plants that remain in operation and from nuclear submarines, and organizing the manufacture of mixed oxide (MOX) fuel to be used in fast neutron reactors.

 MOX fuel is a blend of oxides of plutonium and natural, reprocessed or depleted uranium. Fast neutron reactors would enable the nuclear industry to produce practically no waste.

   Russian has many years of experience  with fast Breeder Reactors. Construction has started on Beloyarsk-4 which is the first BN-800, a new, more powerful (880 MWe) FBR, which is actually the same overall size as BN-600.   It has improved features including fuel flexibility - U+Pu nitride, MOX, or metal, and with breeding ratio up to 1.3.  It has much enhanced safety and improved economy - operating cost is expected to be only 15% more than VVER.  It is capable of burning up to 2 tonnes of plutonium per year from dismantled weapons and will test the recycling of minor actinides in the fuel.  Further BN-800 units are planned.

  My comments: Russia is going to the Fast Breeder Reactor and the closed fuel cycle that has practically no waste. They are now 50 years ahead of the US, thanks to Bill Clinton,  Jimmy Carter, and the  environmentalists in the US.

   Russia is forging their swords into plow shares.


India is Going Nuclear

Prime Minister Manmohan Singh plans to build 40,000 megawatts of nuclear capacity by 2020, equivalent to a third of India's total power generation, to meet soaring energy needs and cut reliance on coal-fired plants. India won the right Sept. 6 to buy atomic technology and fuel from the 45-nation Nuclear Suppliers Group and expects the U.S. Congress to clear the deal this month.

India needs to add to the 3 percent of electricity that comes from Russian-designed reactors. The country has 17 reactors in six states that produce 4,120 megawatts of power, according to Nuclear Power's Web site.

General Electric, based in Fairfield, Connecticut, Areva, Toshiba Corp.'s Westinghouse and Rosatom may each win contracts valued at more than $3.5 billion to supply two reactors that can generate more than 1,000 megawatts apiece, Jain said. The orders will be part of a $40 billion reactor-building program.

 The nation's monopoly atomic-power generator plans to build ``nuclear parks'' housing reactors capable of generating as much as 8,000 megawatts at a single location.

India signed a civilian nuclear agreement with Russia in January last year. Russia is helping India build two 1,000- megawatt light-water reactors at the Kudankulam nuclear power station in the southern state of Tamil Nadu.

India plans to buy the AP1000 series of reactors from Monroeville, Pennsylvania-based Westinghouse, the `ABWR' series from General Electric, the Russian VVR 1,000 units and Areva's serial designs for the 1,000 megawatt plants,

General Electric, the world's biggest maker of energy- generation equipment, said Aug. 25 that it may lose contracts in India to French, Russian and Japanese rivals if the U.S. Congress doesn't ratify the deal soon after the agreement wins approval from the suppliers group.

The agreement will be presented to Congress for approval in the next few days.

My Comments: This business could add many jobs, and a significant amount of income for companies in the United States.  It is imperative that Congress approve the agreement with India.

If Congress does not approve this agreement, Russia, Japan, and France will be recipients of this business and the United States will get none.

 

The United Kingdom (UK) of England has studied  the world's energy problems and arrived at the following conclusion:

Forward from Gordon Brown, the Prime Minster of England: Nuclear power is a tried and tested technology. It has provided the UK with secure supplies of safe, low-carbon electricity for half a century. New nuclear power stations will be better designed and more efficient than those they will replace. More than ever before, nuclear power has a key role to play as part of the UK’s energy mix. I am confident that nuclear power can and will make a real contribution to meeting our commitments to limit damaging climate.


 

By Dr. Patrick Moore, the founder of Green Peace.

Nuclear Power:
A significant reduction in greenhouse gas emissions seems unlikely given our continued heavy reliance on fossil fuel consumption. Even UK environmentalist James Lovelock, who posited the Gaia theory that the Earth operates as a giant, self-regulating super-organism, now sees nuclear energy as key to our planet’s future health. Lovelock says the first world behaves like an addicted smoker, distracted by short-term benefits and ignorant of long-term risk. “Civilization is in imminent danger,” he warns, “and has to use nuclear—the one safe, available energy source—or suffer the pain soon to be inflicted by our outraged planet.”

Yet environmental activists, notably Greenpeace and Friends of the Earth, continue to lobby against clean nuclear energy, and in favor of the band-aid Kyoto Treaty. We can agree renewable energies, such as wind, geothermal and hydro are part of the solution. But nuclear energy is the only non-greenhouse gas-emitting power source that can effectively replace fossil fuels and satisfy global demand.

 

Good news this week. August 13, 2007- News release

South Korea, US to Cooperate on Sodium-Cooled Nuclear Reactor, and Fuel Reprocessing

Since I fought the Korean war it is a delight to me to hear that the South Koreans will develop the Fast Breeder Reactor and fuel cycle and sell them world wide. The US environmentalists will not be able to destroy the South Korean Fast Breeder Reactor program as they did  ours in the United States. When I left South Korean at the end of the war in September 1953, people in Pusan were living in card board boxes.  It is amazing what they have achieved since then. 


From Wikipedia, the free encyclopedia 

Future energy development, providing for the world's future energy needs, currently faces great challenges. These include an increasing world population, demands for higher standards of living, a need for less pollution, a need to avert global warming, and a possible end to fossil fuels.  Without energy, the world's entire industrialized infrastructure would collapse; agriculture, transportation, waste collection, information technology, communications and much of the prerequisites that a developed nation takes for granted. A shortage of the energy needed to sustain this infrastructure could lead to a Malthusian catastrophe


Conservation and Renewable Energy Systems  are not the answer to our energy security.

Peter Huber in his book, HARD GREEN  SAVING THE ENVIRONMENT FROM THE ENVIRONMENTALISTS,  makes it very clear that; "The whole back-to-nature, farmer's market theory of the Soft Greens, the entire psychological infrastructure of the movement, is anti-environmental. Taking five billion humans "back to nature" is the worst possible thing we could do, not only for the humans but for nature, too.

Kenneth Deffeyes, author of the book "Beyond Oil," says "Conservation' is mostly a euphemism for doing without.


Competition for energy is beginning to grow immensely.

China today is a most prolific competitor for the worlds oil supply. China's economy, which has doubled about every eight years since its opening in 1979, is sending ripples around the world as it's energy demands continue to outpace available supplies. And China should  grow their economy and improve living conditions as should all nations of the world.

Any attempt to understand or forecast global energy requirements must take account of population growth. At the beginning of the twentieth century, world population was about 1.5 billion. Today it is 6 billion and growing at the rate of 90 million each year. By the year 2025 world population is expected to reach 8 billion. Two billion of the world's population today do not have access to electric power. These people need to be served also.

However, I believe that we will all pay an exorbitant price for oil and natural gas if we do not take action to do something like developing  the hydrogen economy. We need nuclear power to accomplish the hydrogen economy. It can both solve our energy supply as well as atmospheric pollution problems.

We Cannot Continue to Let Antinuclear Activists, Religious  and Environmental Groups Dictate Our National Energy Policy

There Have Been Warnings

In 1954, in The Challenge of Man's Future

 Harrison Brown wrote:

If our energy resources dwindle, our industrial technology will dwindle, and life expectancy and population will slowly dwindle with it. Consumption of the earth's store of fossil fuels has barely started; yet, already we can see the end. The age of fossil fuels will be over, not to be repeated for perhaps another 100 million years. Will its passing mark the end of civilization and perhaps the beginning of the downward path to man's extinction?

Later in the same book, Brown says "[The] collapse of machine civilization would be accompanied by starvation, disease, and death on a scale difficult to comprehend." Of Harrison Brown's effort, Albert Einstein said, "We may well be grateful to Harrison Brown," and, "This objective book has high value."

In 1977, England's honored scientist Sir Fred Hoyle, writing in Energy or Extinction, added his voice to Brown's:

There can be no disagreement with the statement that world reserves of coal, oil, and gas can provide an adequate energy source for only a limited future...

 Nor can it be contested that most of the world's population, presently 4,000 million, will die in a disastrous catastrophe should an adequate energy source not have been developed by the time that reserves of coal, oil, and gas become exhausted.

Nor can there be any serious debate over the statement that the only alternative energy source presently known to be technically viable is energy from the nuclear fission of uranium or thorium.

Writing about Hoyle's book, Sir Alan Cottrell, who was once the chief scientific adviser to the British government, says:

It (Hoyle's book) is about energy: about the alarming prospect that oil will soon run out and not be replaced by anything else. It shows that—contrary to an influential belief—we do not have time, and there is no practical alternative to nuclear energy, and that western decision makers have been frightened into immobility in their nuclear energy policies by a well-orchestrated campaign which has marched under an 'environmentalist' banner, but yet has a clearly identifiable political basis.

 *The information directly under the heading: There Have Been Warnings was taken from the book entitled "THE ENVIRONMENTAL CASE for NUCLEAR POWER" by Robert C Morris, published by Paragon House. See page 123.

I suggest this book for reading. Dr. Morris builds an excellent case for Nuclear power. And we need to start now, not when oil runs out. We already are probably too late.


Nuclear Power in France

France has 59 nuclear reactors operated by Electricite de France (EdF) with total capacity of over 63 GWe, supplying over 426 billion kWh per year of electricity, 78% of the total generated there. In 2005 French electricity generation was 549 billion kWh net and consumption 482 billion kWh - 7700 kWh per person. Over the last decade France has exported 60-70 billion kWh net each year. See also EdF web site.

The present situation is due to the French government deciding in 1974, just after the first oil shock, to expand rapidly the country's nuclear power capacity. This decision was taken in the context of France having substantial heavy engineering expertise but few indigenous energy resources. Nuclear energy, with the fuel cost being a relatively small part of the overall cost, made good sense in minimizing imports and achieving greater energy security.

As a result of the 1974 decision, France now claims a substantial level of energy independence and almost the lowest cost electricity in Europe. Over 90% of its electricity is nuclear or hydro.

  • French AREVA has arrived in the United States. Key figures for AREVA in the United States are:

  •  Almost 1.7 billion dollars in sales revenue in 2006 (tripled in 3 years).

  • More than 5,000 employees.

  •  42 sites, both industrial and commercial, in 20 states.

  • Supplier of almost half of all steam generators, pressurizes, and reactor vessel  head replacements.

  •  CANBERRA, the AREVA subsidiary specialized the supply of nuclear measurement  solutions for safety and security and the world leader in its field,

  •  AREVA controls 25% of the American market for PWR fuel.

  •  Almost 50% of all nuclear waste transportation is handled by TN International, an AREVA subsidiary

Since our Nuclear Power Plant additions have not been active in the US for 30 years,  the the French are about to take over the business in the US and the world. We need to get with it right now.


China is underway big time. We should also be.

China's nuclear program is aggressive. Its economy is growing at 8 percent annually and it needs about $1.4 trillion to modernize its energy infrastructure. To get there, it's importing nuclear technologies from Canada, France and Russia. China has twin goals: to reduce its reliance on coal that now comprises about two-thirds of its generating mix while increasing its nuclear portfolio from 2.3 percent of its generation today to 6 percent -- 40,000 megawatts -- by 2020. By 2050, the aim is to have 150,000 megawatts of installed nuclear capacity.

China now has an Experimental Fast Breeder Reactor power plant now in operation that is almost identical to our EBR II power plant that Clinton ordered destroyed during his administration as payback to the environmentalists. You can bet the Chinese will not destroy theirs.

 China and India are at the forefront of most new nuclear development.

 China and the United States on Saturday  December 16, 2006 signed an agreement that paves the way for Westinghouse Electric Co. to build four civilian nuclear reactors in China, a multibillion dollar coup for U.S. business over French and Russian competitors. China says it is planning to quadruple the volume of electricity generated at its nuclear plants over the 2004 level by 2020. India envisages hiking its volume of power generated at nuclear plants seven fold.

Here is my prediction

 Unless we go nuclear, civilization as we know it will come to an end sometime in this century when fossil fuels run out.  We have sufficient technology in hand towards energy sustainability, but we are letting some  churches,  environmentalists, and left leaning politicians keeping us from deploying it. 


Epilogue

As you read  this Web Site you will see that nuclear power is the cleanest, safest, and often the cheapest way of generating reliable electricity. And it is inevitable if we wish to survive.

If we do not get underway soon with nuclear plants, we will have to import them from China in a decade or so. Following is an excerpt from a China news article.

In July 2004, Ye Qizhen, chief designer of the second phase of the Qinshan nuclear project, and a member of the Chinese Academy of Engineering, said that Chinese engineers could "easily develop" a 1,000-MW-class reactor.  China Business Weekly reported in February 2005 that China plans to design and build a 1,000-MW nuclear power plant around the year 2012.

China's program to develop its own nuclear power plant production infrastructure is aimed at export, as well as domestic deployment.

Finally, Professor Per Peterson chairman of the department of nuclear engineering at the University of California, Berkeley, points out the following:

"We will face major environmental challenges during the coming century, particularly in reducing carbon dioxide emissions from our use of fossil fuels. Many people do not realize that by deploying nuclear power at large scale, France was able to close its last coal mine in April, 2004. The same potential exists in the United States."

A personal note:

One of my other endeavors is financial math.. I wrote a  book entitled "The Mathematics of Personal Finance."  The mathematics in this book is not more advanced than ninth  grade algebra.   If you would like to get a book it is $20.95. It is published by iUniverse and can be bought through iUniverse.com  and Barnes & Noble.com, Boarders.com,  and Amazon.com , etc. or any other book sellers. It does not appear on book shelves. It  is printed on demand and mailed to the readers who ask for it.

 College students who do get the book think that is great and wished their instructors would get it also. It was a hobby of mine since I had to learn this subject to pass the State engineering license exam. Also my youngest son has an MBA.

However, if one reads this book they will never fall prey to the  cheating and obfuscation going on today in the financial world that has many losing their homes,  buying worthless insurance policies, and making poor investments. etc. You will swim with the sharks and survive. Your will be more astute about finance than most bankers.

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