Comment by leonidasrup

6 days ago

Lazard makes recommendations for investors in different kinds of energy generation.

But the costs for electricity customers depend on the price of the whole electric mix, for US it's a mix of cheap renewables and cheap natural gas, for China it's a mix of cheap renewables and cheap coal, for EU it's a mix of cheap renewables and very expensive natural gas.

I agree, in US new nuclear power build is not competitive with the combination of cheap renewables (especially cheap solar) and cheap natural gas. The Nuclear Renaissance talked in US since about about 2001, was made insignificant in US by the franking gas revolution, starting in about 2008.

"According to the Department of Energy (DOE), by 2013 at least two million oil and gas wells in the US had been hydraulically fractured, and, of new wells being drilled, up to 95% are hydraulically fractured. The output from these wells makes up 43% of the oil production and 67% of the natural gas production in the United States."