Word: oils
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Dates: during 2000-2009
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This should be Areva's time in the sun. As governments search for clean, renewable energy sources and consumers worry about volatile oil prices, nuclear power is hot again. The fear of nuclear accidents like the one at Three Mile Island in 1979 or at Chernobyl in 1986 has begun to fade as nuclear's backers make their case in a world growing warmer. Nuclear plants, goes their argument, provide a steady supply of relatively cheap energy with zero carbon emissions. The new enthusiasm for nuclear is measurable. Over the next decade, the world is expected to build 180 nuclear...
...surprise that the industry's 800 lb. gorilla is French. Back in the 1970s, when most Western nations reacted to the end of the first oil crisis by forgetting it ever happened, France decided to kick its petroleum habit by pouring money into its young nuclear industry. France now has 59 operational reactors, which generate 80% of the country's electricity and have allowed it to become a net exporter of power...
...around $7 billion a pop, the payday for the biggest players - Areva, Russia's Rosatom, Toshiba-owned Westinghouse, Mitsubishi Nuclear Energy Systems and a joint venture between General Electric and Hitachi - promises to be huge as countries around the world turn to alternatives to coal and oil to meet rising demand for clean electricity. A reactor currently under construction in Tennessee is the first of at least a dozen nuclear plants planned in the U.S. over the next decade or so. Italy has just reversed a 22 year-old freeze on building new nuclear plants; Rome aims to use nuclear...
...order to receive federal reimbursement for the subsidy consumers get for trading in their cars, dealers must first destroy the engine. One common method is to drain the car's oil and flood the engine with sodium silicate, or liquid glass. Dealers then turn the car on and rev the engine to let the solution harden. In just a few minutes, the car becomes inoperable. (Read "How Bad Are Auto Sales? 10 Questions and Answers...
...giddy (after the '80s, '90s and '00s, beware all giddiness), but they do sound optimistic about an imminent tide of innovations in information technology, energy and transportation. Recall, please, the national mood in the 1970s: after the 1960s party, we found ourselves in a slough of despond, with an oil crisis, a terrible recession, declining productivity, a kind of Weimarish embrace of cultural decadence, national malaise. And yet at that very dispirited moment, Federal Express, Microsoft and Apple were all founded. Even now Apple and Amazon and Google have been doing better than the rest of the economy. The next...