By INVESTOR'S BUSINESS DAILY | Posted Tuesday, May 12, 2009 4:20 PM PT
Energy: Among the Lilliputian cuts in the budget is the termination of the nuclear waste repository at Yucca Mountain, Nev. Thus, a "shovel ready" renewable resource that emits no greenhouse gases is shoved aside.
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As with missile defense, which also took a hit in the $17 billion worth of budget cuts that were like trimming the nose hair on a woolly mammoth, the future of nuclear power seems to be one of researching forever but building never.
The future of nuclear power is dependent on the safe storage of the spent nuclear fuel now used to generate nearly 20% of the nation's electricity. Yet the budget cuts recently announced cut off almost all funding for creating a permanent storage site for a large portion of the spent fuel in the Nevada desert.
The administration plans to cut some $90 million from the 2010 budget for Yucca Mountain, reducing funding only to the level needed to field questions from the Nuclear Regulatory Commission, which is still considering an application for the project submitted by the Bush administration.
Not that the application will be approved. Energy Secretary Steven Chu thinks the application process will yield valuable data on how to find another site. Secretary Chu has been tasked to head a blue-ribbon commission to find another site.
Congress selected the location in 1987 and reaffirmed the choice in 2002. About $9 billion has been sunk into the project since its inception. Aside from the dark side of the moon, we haven't a clue where he might look. And considering the tortuous history of the Yucca site, that process might take another couple of decades , right around the time we run out of switch grass to power our clown cars.
The DOE Web site says that after two decades "of carefully planned and reviewed scientific field work, the Department of Energy has found that a repository at Yucca Mountain brings together the location, natural barriers, and design elements most likely to protect the health and safety of the public, including those Americans living in the immediate vicinity, now and long into the future."
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How Height Affects Us
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