I wanted to share this. And I hope you are paying attention.
Here's the link:
https://srsroccoreport.com/the-fall...e-2-u-s-nuclear-reactors-construction-halted/
Here are some snippets that I wanted to quote and share from the link above:
FALLING EROI – Energy Returned On Investment.
As a refresher for newer readers,
the falling EROI means that it’s taking more and more energy inputs to produce less and less net energy for the market. For example, in 1970 the U.S. EROI of its oil and gas industry was 30/1. Thus, the burning of one oil barrel worth of energy produced 30 oil barrels to the market. Today, shale oil production comes in at a whopping 5/1 EROI, six times less that the profitable energy in 1970.
The Falling EROI Is Killing The Nuclear Energy Industry
those who have been following my analysis on energy, understand that the falling EROI of oil and natural gas are gutting the entire global economy. Even though nuclear power generation doesn’t come from burning oil and natural gas, the construction of the reactors most certainly consumes a massive amount of fossil fuels.
Actually, it takes a great deal of the burning of coal, natural gas and oil to produce nuclear, solar and wind power plants.
This was especially true for the construction of Westinghouse’s two nuclear power plant projects, the Vogtle Plant in George and the V.C. Summer plant in South Carolina.
Two Nuclear Power Plant Projects That Bankrupted Westinghouse
The nuclear industry has essentially priced itself out of the market for new power plants, at least in market-based economies.
Even the nuclear-friendly French — who get more than three fourths their power from nukes —
can’t build an affordable, on-schedule next generation nuclear plant in their own country.
Four global nuclear industry giants ‒ French utilities Électricité de France (EDF) and Areva, US-based Westinghouse and Japanese conglomerate Toshiba ‒ face crippling debts and possible bankruptcy because of their investments in nuclear power.
The French government is selling assets so it can prop up its heavily indebted nuclear utilities. EDF plans to sell $13.8 billion of assets to rein in its $51.8 billion debt, and to sack up to 7,000 staff. Areva has accumulated losses of over $14 billion over the past five years.
French EPR reactors under construction in France and Finland are three times over budget ‒ the combined cost overruns for the two reactors amount to about $17.5 billion. Bloomberg noted in April 2015 that Areva’s EPR export ambitions are “in tatters“, and now Areva itself is in tatters.
The four big industrial giants, powerhouses of our high-tech energy future, are now mere shadows of their former selves. There is no pulling out of this BLACK HOLE. Oh no… nuclear power is dead for good, even though it will limp along for a while. Furthermore, I have read analysis that more than half of the nuclear power plants in the United States are not profitable