Joe Biden’s EV fever dream can’t become reality without the U.S. investing heavily in nuclear energy. Are Americans ready to have that conversation?
Electricity comes from the wall unit of course but what is the source of that current? We updated our electricity source table (below), courtesy of the U.S. Energy Information Administration. Natural Gas, Coal and Nuclear Energy are the clear market share leaders when it comes to U.S. electricity generation. Coal is taboo in the Biden Administration and if we assume that Natural Gas production remains flat, this would suggest that Nuclear Energy is the obvious choice for the Biden Administration to deploy its freshly-printed capital in order to produce electricity from “green” sources. Is the Biden Administration ready to have a national conversation about nuclear energy with the American people? Mr. Biden is already reminiscent of another 1970’s era President for all of the wrong reasons and a national conversation on nuclear energy likely would not bolster Mr. Biden’s approval rating but is more likely to further comparisons with former President Carter or perhaps with Nuclear energy stalwart Homer Jay Simpson. Our bet is that Mr. Biden will throw away $Billions “investing” in wind, solar and hydropower before those technologies are mature enough to cost-efficiently generate electric power at scale.
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