One of the greatest factors in our standard of living is cheap power. If electricity and other types of power were more expensive it would affect every facet of our lives. Food prices would climb. Travel might become prohibitive. Trade would greatly decrease; some goods wouldn't not be exchanged at all. Some jobs would disappear.
Likewise every time the price of energy drops, there are many benefits. Food becomes cheaper. We can travel more often, and farther. We'll have a greater variety of products, at cheaper prices. All of this will create more jobs.
This is one of the reasons I'm excited about nuclear power. Nuclear power can be a much cheaper way to produce energy.
Instapundit had a link to a report on An atomic solution to the energy crisis:
"Great progress has been made over the decades since America built its last atomic power plant. These solutions arrive just in time to provide clean and relatively inexpensive energy as we convert from liquid fuels (oil, natural gas) after Peak Oil — sometime in the next ten years or so.
This is a brief update about the prospects for atomic power. For more information about new energy sources, see the FM reference page about Energy."
Instapundit also had a link to news of additional funding for the Bussard polywell fusion reactor..
It appears there are some promising technologies which could drop the price of energy dramatically over the next decade. That would be great!
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Technorati tags: nuclear power
3 comments:
The Bussard Fusion Reactor, or Pollywell fusion reactor is a simple and elegant design. Obviously the Navy is interested in it for its potential to replace fission nukes as propulsion.
You can learn more here including a video by Bussard:
Easy Low Cost No Radiation Fusion
Also here:
World's Simplest Fusion Reactor Revisited
Cheaper energy? Sounds good to me (assuming we're not harming others [smile]).
~Luke
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