America's Nuclear Power Industry Is Ramping Up

U.S. Global Investors Weekly (10/24/2008)
"Ministers of the Organization of Petroleum Exporting Countries (OPEC) agreed at an emergency meeting in Vienna to take 1.5 million barrels a day of crude, about 5 percent of its supply, off the world market.

The New York Times reported in a news article that after three decades without starting a single new plant, the American nuclear power industry is getting ready to build again. According to the Nuclear Regulatory Commission, 21 companies say they will seek permission to build 34 power plants, from New York to Texas. Factories are springing up in Indiana and Louisiana to build reactor parts. Workers are clearing a site in Georgia to put in reactors...

Oil-producing countries, including Russia, may not be investing enough to maintain output at levels sufficient to meet global demand, the head of the International Energy Agency (IEA) said Wednesday. "We see worrying signs in some producing countries, including Russia, in the ability to invest enough to meet demand," IEA Executive Director Nobuo Tanaka told a conference. "We see Russian supply growth slowing, with all projects declining in production over the next decade," he said."

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