|Obama administration is moving forward with policies that will directly benefit thorium nuclear power stocks.|
The Media Are Wrong On Stem Cells… Again
By: Jim Nelson Wednesday, March 04, 2009 2:06 PM
As I predicted, the Obama administration is moving forward with policies that will directly benefit stem cell and thorium nuclear power stocks.
....stem cell nonsence.....
Now, let’s move to the thorium front…
I previously told you about The Thorium Energy Independence and Security Act of 2008. Sponsored by Senate Majority Leader Harry Reid and Republican Sen. Orrin Hatch, this bill is designed in large part to produce an alternative solution to the problem of nuclear wastes. Thorium reactor technologies fit that bill for two reasons. Not only do they produce fewer byproducts, they can be used to burn the wastes produced by other nuclear technologies.
Last week, President Obama dramatically moved the thorium industry forward. He announced that he would kill the Yucca Mountain nuclear waste depository project. This is despite the $9 billion already spent on the project.
Reid, of course, is bragging about his role in the decision. So where does this leave us? The Yucca Mountain project, located in Reid’s home state of Nevada, was considered critical to the future of nuclear power generation in America. Since Obama, Reid and Pelosi all promote nuclear power, this significantly increases the likelihood that thorium reactor technologies will be fast-tracked.