Patrick Bet-David explains nuclear energy, why it’s the superior choice compared to other forms of energy, and why concerns of nuclear safety, waste management, and environmental impact don’t hold much weight. He also highlights the aspects that make nuclear energy better than with other energy sources like fossil fuels, solar, wind, and hydroelectric power.
If nuclear energy is a clean and powerful alternative to oil, why isn’t it being adopted? Lobbyists, for one: the oil and gas industry spent roughly $124 million lobbying the U.S. government in 2022, according to a report from the Center for Responsive Politics (OpenSecrets). They have a penchant against nuclear, as it is their main competitor. As will be shown below, green energy sources are not a real alternative the power of oil and natural gas — but nuclear is.
In October, the newest nuclear reactor began operating in Finland, producing electricity for the country. Named “Olkiluoto 3,” it is the biggest by capacity in Europe. Experts predict that the plant will make up for 30 percent of Finland’s power generation shortly.
Prices for power in Finland plunged by 75 percent from Dec. 2022 to April 2023. The plant operators say it will be good to continue producing power for the next 60 years.
Nuclear power is insanely efficient. Power sources are measured by capacity factor, which is the electrical energy output over a given period of time. For instance, 100 percent means it is producing power all the time. Nuclear energy has a capacity factor of 92.7 percent, by far the highest of all energy sources in the United States. Natural gas is at 65.6 percent, while so-called ‘green’ energy sources like hydroelectric, wind, and solar lag behind in the 20-30 percent range.
Despite this, nuclear energy is not being invested in. Meanwhile, solar and wind energy are growing. The U.S. government has not built many new reactors over the last several decades. Money in the federal budget for nuclear energy is mainly directed toward research and development, licensing rand regulation, and security.
Watch the rest of Patrick Bet-David’s video to see his full analysis of nuclear energy.