OPINION & REVIEW
Do you wonder how long the mostly fossil fueled electric utility industry can last, given their immense problems with existing nuclear power plants and the rising costs of planned new nukes? It is true that expensive new sources of petroleum have been found, but these are increasingly remote, difficult to find, hard to reach, and very expensive to extract, pump, and deliver. In consequence, the dollar and environmental costs to produce coal, oil, and even natural gas are rising and will continue to do so indefinitely.
If this were not bad enough, world population keeps growing and gigantic populations, which have been largely poor and in poverty, are increasingly better educated and enjoying better living conditions. The trend is certainly not universal, but the growths in India, China, Indonesia, and elsewhere are certainly noticed in board rooms around the world. The wealthy 1% are greedily and happily looking forward to their further rising incomes as demand soars and prices increase, producing greater profits for the fossil fuel industry. Governments may try to impose strict environmental controls but these are minor impediments in the minds of the wealthy industrialists. Plus, huge infusions of money from industry to political super PACS keep strict pollution laws and carbon taxes to a minimum. Continue reading