Trump’s Nuclear Bailout Won’t Happen: Get Out Of Nuclear Investments

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Over the last 7 years, the nuclear and coal industries have been getting killed. The spot price of uranium has dropped around 65% and made it basically impossible to economically mine, refine, and sell uranium. This comes from the U.S. and other countries moving away from nuclear power for fears of radiation, possible disasters, and a focus on renewables.

All this has made nuclear power harder to produce and increased the cost of production, while a boom in natural gas electricity production has lowered wholesale electricity selling prices to the point that it is no longer a properly viable source of power. As stated in DOE Staff Reports on Electricity Markets and Reliability,

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Seeking Alpha – Ezra Weener – June 26, 2018.

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