Comment by boringg
Thats not the full picture. Aviation exploded in growth -- you can easily expand operations and work to smaller margins. The US shut down the nuclear industry intentionally from the 80s until the last 5 years from regulations.
Thats not the full picture. Aviation exploded in growth -- you can easily expand operations and work to smaller margins. The US shut down the nuclear industry intentionally from the 80s until the last 5 years from regulations.
It's a bogus talking point that the nuclear industry in the US was shut down due to increase in regulation.
The actual situation was that relentless 7%/year demand growth for electrical energy suddenly stalled, while at the same time a large amount of new capacity from cogeneration, made possible by the passage of PURPA in 1978, suddenly started to come on line. In this environment, and with the cost overruns and delays of the earlier nuclear builds, utilities could not make a case for new nuclear construction. High interest rates also didn't help.