At current companies have to pay large amounts of money to store, and ensure that the spent fuel rods produced by the reactors they run are well contained to prevent radio-active fallout from impacting the area around the storage sites. Now that we have a use for this nuclear trash and we do not have to store it, it will save the companies refining and using enriched uranium a large amount of money each year. This savings translates into the ability for energy prices to be lowered. With the reduced cost to produce it and the larger amount being produced, the supply goes up with a almost unchanged demand. With a higher supply it is guarantee that the cost will drop saving the consumers money.Please read his full post.
Tuesday, March 22, 2011
New Nuclear Trash Technology
Matthew discusses the economic impact of a new nuclear disposal technology.