Re: [asa] Re: Renewable energy

From: John Burgeson (ASA member) <hossradbourne@gmail.com>
Date: Tue Mar 31 2009 - 10:15:02 EDT

On 3/30/09, Murray Hogg <muzhogg@netspace.net.au> wrote:
> Hi Burgy,/
>
> If one is strictly speaking of RENEWABLE energy then nuclear is excluded
> because it's not a renewable resource.
>
Here is a recent press release on this:

Nuclear the ‘ethanol of 2017′, investment bank says
13 March 2007
Chris Rogers, utilities analyst at JP Morgan, believes that nuclear
energy will be key to a zero-greenhouse gas hydrogen economy and that,
if they want to be part of it, oil companies will have few options
other than embracing nuclear power.

JP Morgan’s report, Trading Climate Change, suggests that within the
next decade nuclear energy will be at the top of the world’s agenda,
with the resurgence of nuclear a key element both in the drive to
reduce carbon emissions from power generation and to develop
zero-emission hydrogen-fuelled transport. In fact, the report
envisages nuclear energy’s contribution to vehicle fuel services in 10
years’ time to be as important as ethanol is today.

Describing nuclear as the “renewable energy that dare not speak its
name,” Rogers said that he believes that oil giants BP and Shell may
already be looking at nuclear in their strategic plans, although both
those companies played down any nuclear interest in press reports.
However French oil company Total has already spoken up for future
involvement in nuclear, with incoming CEO Christophe de Margerie
declaring that the company will one day have to be part of the nuclear
industry. Total chairman Thierry Desmarest has also confirmed that the
company would be interested in moving into nuclear if a suitable
opportunity arose.

Future visions of a so-called hydrogen economy, in which hydrogen
replaces hydrocarbons for transport, will require the production of
hydrogen without associated carbon dioxide emissions. However the
production of hydrogen is energy intensive, and nuclear power would
provide an economic means of providing that energy without producing
carbon dioxide. The JP Morgan report notes that nuclear-hydrogen
offers a good value source of fuel to replace existing hydrocarbon
sources, at a US Department of Energy cost estimate of $2.5 per gallon
of gasoline equivalent compared to current traditional gasoline
production costs are $1.5-2.0 per gallon ($5.68-7.57 per liter). On
the downside, it notes that new nuclear build faces is not without
challenges on the environmental, economic and planning fronts.

jb

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Received on Tue Mar 31 10:15:28 2009

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