Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Saturday, September 24, 2011

Backlash Against Nuclear Power Adds to the Top Line of Oil and Gas Companies

http://atomicinsights.com/2011/09/backlash-against-nuclear-power-adds-to-the-top-line-of-oil-and-gas-companies.html



Inspired by a Wall Street Journal article titled "Backlash Against Nuclear Power Hits the Bottom Line" Rod Adams took a look at the companies and individuals that benefit from higher fossil fuel prices and larger sales volumes resulting from irrationally shutting down undamaged nuclear plants in response to a natural disaster-caused nuclear plant meltdown.

Some observers attempt to describe the increased revenue for the fossil fuel industry as an unintended consequence of actions taken by anxious citizens, but they fail to ask what caused the high level of anxiety. There were no deaths and few dramatic photos, but those few were endlessly repeated. Rod believes that the existence of non-stop media coverage supported by frequent advertising spots promoting "clean natural gas" provides evidence that at least some of the media-stoked anxiety is a direct result of well-conceived marketing plans.

Rod believes that plans are being executed to take advantage of the Fukushima situation to spread fear, uncertainty and doubt by nuclear energy competitors who want nuclear's market share for themselves.

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