Capitalizing on the Energy Scarcity Myth

 | Jul 03, 2012 11:42PM ET

The Fukushima Daiichi catastrophe brought the inherent safety concerns of current nuclear technology to the forefront of the world's attention. And with the focus on Japan's energy system, questions were again asked about the long-term friendliness of nuclear fuels to mankind. Storage of spent fuel has become a lightning rod for environmental groups and nuclear proponents alike. It is unlikely that the nuclear industry can survive using technology in place since man discovered its power.

People are demanding safer, cleaner energy sources to power their homes and businesses into the future. Solar and wind power, while attractive to environmentalists, are not cost-effective and scalable beyond small localized installations. Constructing transmission lines is so expensive as to limit the expansion of a national power grid based upon these renewable resource options.

Fossil fuels are constantly debated as a source of local pollution and global warming, though at this point in time much of the global warming debate has 'cooled' based upon further analysis of the data. Fossil fuels are also getting harder and more expensive to find in sufficient quantities to meet the growing demands of the planet. While the debate over peak oil, gas, and coal rages on, the simple fact is that regardless if we will run out anytime soon, the costs of extracting and transporting these fuels is going up (natural gas supply in the US being a rare exception).