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Policy making was outsourced to market players, letting them decide what plants to build.

With the exception of nuclear energy, where the policy was to keep it alive regardless, remember the British Nuclear Fuels (BNFL) and British Energy (BE).

*Lunatic*, n.
One whose delusions are out of fashion.

by DoDo on Thu May 18th, 2006 at 06:35:15 AM EST
[ Parent ]
Already built nuclear plants can't be closed just because they at the moment aren't turning a profit, due to low gas prices. That would be extremely short sighted and would trigger a massive electricity crisis as well as being capital destruction on a massive scale. It's just like you can't allow a major bank to go bankrupt.

And well, since BE was bailed out they have turned a profit, and as gas prices climb upwards...

I wonder if there is any plan to repay the taxpayers fot the bail-out with the new profits of BE? There should be.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Thu May 18th, 2006 at 08:34:00 AM EST
[ Parent ]

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