We've witnessed almost a complete collapse of the coal industry. Companies that once commanded Billions in Market Value just 5 year ago have been reduced to Bankrupt shells. Things can change very quickly when inflection points are reached.
Nuclear and Coal share the same base load profile. The one thing nuclear advocates are pushing to save nuclear 'A Carbon Tax' will also promote its poison; Variable Wind and Solar. If their growth continues we could see significant nuclear curtailment in less than 5 years. Plants with a capacity factor of >90% are running razor thin margins. They can't survive even modest curtailment.
As Bloomberg pointed out a few weeks ago... EVs are poised to lower demand enough to cause a permanent collapse in the price of oil by ~2022. As more countries pledge to ban petrol powered cars in the next 15 years and Tesla has accelerated production plans this appears to be almost inevitable.
Nuclear and Coal share the same base load profile. The one thing nuclear advocates are pushing to save nuclear 'A Carbon Tax' will also promote its poison; Variable Wind and Solar. If their growth continues we could see significant nuclear curtailment in less than 5 years. Plants with a capacity factor of >90% are running razor thin margins. They can't survive even modest curtailment.
As Bloomberg pointed out a few weeks ago... EVs are poised to lower demand enough to cause a permanent collapse in the price of oil by ~2022. As more countries pledge to ban petrol powered cars in the next 15 years and Tesla has accelerated production plans this appears to be almost inevitable.