A lot of the reactors being built over in China are being built by US companies I have a friend who has spent a fair amount of time over there working on building various reactors for them.
Why would oil prices increase. I thought the world was going to EV and demand for fossil fuels would decrease, or are you contradicting you rhetoric? Will we be using fossil fuels to produce electricity?Fossil fuel prices is a factor of supply and demand not what somebody wants it to be. People's love or hate of something is not what determines the international price of crude.
Oil Could Reach $80 This Summer, But There’s A Catch | OilPrice.com
Wall Street continues to be largely bullish on the oil sector, with some analysts saying that oil prices could hit $80 as gasoline demand continues to increaseoilprice.com
The demand for fossil fuel products is going to do nothing but increase for many decades.
Supply and demand. Oil companies have decided oil is a loser, so they have cut exploration and development to the bone. Wells run dry all the time. They can pump their available supplies tax free thanks to the depletion allowance, so doubling or tripling the price of crude is a win-win for them. Plus, they don't have to expand or build those expensive refineries, which puts even more profits in their pockets. They are not in the oil business, they are in the profits business.
Curious where you found that information. Support for anthropogenic climate change is overwhelming in the scientific community and it has been for a very long time. Even the most pessimistic estimates put it 4 out of 5: Fact Checking The Claim Of 97% Consensus On Anthropogenic Climate Change
According to your statement, the price of electricity will go up and that is what we all fear. I have an all electric home(geothermal) and when I retire I hope to be able to afford to heat my home.
EVs are at least 20 years away from leading to a net decrease in demand for fossil fuel. EV usage is a concept today not a reality. Most baby boomers will not be around when EVs become a world wide reality.
Some would argue we’d be there already if not for all the government handouts to the oil and gas industry. I don’t see that happening in our lifetime though. Everybody hates subsidies right up until they start working in their favor.
I don't know how you got that from what I wrote. The price of fossil fuels will go up, and coal fired plants are already money losers for utility companies. Newly constructed power plants will be cheaper to build and cheaper to operate, with no fuel costs and without the horrible waste problem of coal fired plants.
Whew! Now I have plenty of time to roll more coal
