Bush Addresses Energy: Nuclear, Hybrids

President Bush is advocating for a return to atomic energy and long term incentives to people who purchase vehicles that are less reliant on gasoline. This is all in the interest of economic stability and national security.

As mentioned in our energy independence article, there are only two methods by which this goal can be achieved: increase supply or decrease demand. It is ultimately up to the consumer to decrease demand. Here's some coverage on the President's plan to increase supply and create demand shrinking incentives:

Bush called for building more nuclear power plants and refineries, saying that industry needs to be assured that such facilities can be approved without lengthy permit reviews. And he called for Congress to enact $2.5 billion in tax breaks over 10 years for people who buy gas-electric and clean-diesel automobiles. These cars account for only a small percentage of vehicles in showrooms.

The last application for a new reactor was submitted in 1973. Since then, Bush said, more than 35 nuclear power plants have been stopped "because of bureaucratic obstacles" while France has built 58 reactors and now relies on nuclear power for 78 percent of its electricity.

Nuclear power accounts for about 20 percent of U.S. electricity production.

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