The costs pertinent to nuclear power plants are astounding. Plants cost billions of dollars to construct and then millions more based on required resources, overhead, and proper waste disposal. Bloomberg reports that the cost to build a nuclear reactor could be more than five times the cost to build a gas-fired reactor. With fossil fuels appearing so attractive, it’s hard to argue with the current shift.
This raises the question of what could happen if oil supply recedes again or if OPEC successfully cuts production. By shutting our doors on these decade old reactors, we could be restricting our options in the future all the more so.
