Michele Kearney's Nuclear Wire
Major Energy and Environmental News and Commentary affecting the Nuclear Industry.
Tuesday, June 23, 2020
Viewpoint: Nuclear's stand-out resilience in an energy crisis : Perspectives - World Nuclear News
Viewpoint: Nuclear's stand-out resilience in an energy crisis : Perspectives - World Nuclear News: When it comes to energy, global market shocks are good at turning assets into liabilities. Except, that is, when the energy is nuclear, writes Alexander Uvarov, editor-in-chief of AtomInfo.ru."The current oil crisis, which erupted against the backdrop of COVID-19, has, according to Scott Lauerman, a spokesman for the American Petroleum Institute, reduced global oil demand from around 100 million barrels per day (prior to the pandemic) to about 30 million barrels a day. It is no wonder then, that such a stark and sudden loss of demand would reduce oil tankers to simple storage containers."
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