Does Investing in Nuclear Power Generation make Sense Anymore?

The General Electric-designed nuclear powered reactors in Japan are still burning and exploding from time to time. No one really knows what exactly to do when such fuming pot of radioactive explosives sits there waiting to blow up. When it happened in Chernobyl a quarter century ago, the world didn't really know what to make of it. The world didn't even get to hear about it until Sweden, 800 miles away, began to measure dangerously high levels of radiation. It was in the time of the Soviet Union, and they weren't about to let the world feast on one of their failures. No really began to question the power generation capabilities of nuclear technology at the time because they didn't really know enough about the disaster.

Things are different today. We know everything of what's going on in Japan. The thing is, as popular as nuclear power generation seems to be around the world (power starved developing countries are commissioning them faster than ever), in America, the country where all the reactors and the equipment get built for deployment around the world, nuclear power is quickly becoming a sad footnote in the country's history. The old reactors in our country are being recognized to be as unreliable as the one in Japan and they are getting decommissioned at a rapid pace. And new ones are not getting built at all. Everyone's realized one thing - nuclear power generating stations are so expensive to build that they just aren't worth it. For all the trouble that it takes, nuclear power doesn't even produce all that much power.

The near future of power generation belongs to natural gas. Power generation with natural gas is easy to get online, it's easy to maintain, and if something explodes, you just turn off the gas pipe. When they overcome the current disaster, Japan will be looking to build new power generation stations somewhere. It's almost a certainty that they will use natural gas and not nuclear power generation.

It's already happening elsewhere; Germany has refused to extend the operating licenses of all of its nuclear power generation reactors. Certainly, if Japan is going to be embarking on a huge public works project in power generation, it's about time that all of us interested in investing money became attentive to all the stuff that goes into the building of natural gas power systems. Investing in aluminum shares, steel companies and electronic infrastructure - that's where your money should probably go. For where your investment dollars go, nuclear power generation is decidedly history.

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