Refuting NEI's Latest Study on Tax Payer Support To Industry

With America's anger seething at the $770 Billion dollar bailout of Wall Street, NEI is releasing a report wherein they assure American's they are getting very little taxpayer supported bailouts of thier industry. Simply stated, the report is all smoke and mirrors, crafted to HIDE THE HUGE amounts of money (into the trillions) that Americans are being asked to pay for, have paid for to save the nuclear industry.

As one example, hundreds of millions of dollars are being funnelled through the DOE to colleges willing to train new nuclear industry employees. Simply stated, we Americans are being forced to pay for the training costs of Nuclear Industry Employees. Secondly, the study fails to include the money so far spent on GNEP (Global Nuclear Energy Program), fails to mention the $1.5 Trillion in funding needed to deploy this UNTESTED technology that will not work.

Let's talk about the Price Anderson Act that precludes EVERY AMERICAN from getting insurance to cover lossed from a nuclear incident at any one of the 104 aging nuclear reactors in America. Let's talk about the billions dumped into trying to find and site a long term disposal facility in America...THINK YUCCA MOUNTAIN.

The nuclear industry wants to build 200 new Nuclear Reactors in America by the year 2050...first, it cannot be done. Secondly, the nuclear industry wants a ONE PERCENT LOAN GUARANTEE, stating that Wall Street will not invest in the industry without these loan guarantees. The average new reactor is expected to cost $10 Billion dollars! (Note-history shows us there is going to be at least a 70 percent cost over run on these costs, so real cost is closer to $17 Billion). Do the math, and the Nuclear Industry wants to put Americans on the hook in the form of LOAN GUARANTEES to the tune of $3.4 TRILLION DOLLARS, or almost five times the amount of the current Wall Street Bailout now under discussion in Washington, DC.

As Americans tired of funding corporate profits, it is time we demand the end to Nuclear Industry Bailouts, time to tell our elected officials that the days of subsidizing nuclear industry profits MUST COME TO AN END. At 50 years old, it is time for the nuclear industry to pay its own way, or GO OUT OF BUSINESS.

Virginia Office • 2716 Colt Run Road • Oakton, VA 22124 • (703) 620-4120

Contact: Roger Bezdek, president, Management Information Services Inc.
(202) 889-1324

News Release
New Study Shows That Federal Energy Incentives Have Chiefly Benefited Oil, Natural Gas Industries
Renewables Incentives Outpace Nuclear Energy Since 1994

(Washington DC) Sept. 23, 2008 — The main beneficiaries of more than $700 billion of federal energy incentives over the past five decades have been the oil and natural gas industries, a new study reveals. The oil and natural gas industries together garnered 60 percent of federal incentives between 1950 and 2006, with 46 percent of the roughly $725 billion in federal support going to the oil sector, according to the report by the consulting firm Management Information Services Inc (MISI).

The report shows that the oil industry has benefited from $335 billion in combined incentives, with natural gas receiving $100 billion.

Repuclican Convention...McCain/Palin's Pack of False Promises

This just in from Green Nuclear Butterfly...Pro Nuclear Butt Munches spread lies and filth on last night of Republican Convention.

Who Are Pro Nuclear Republicans Kidding...McCain-Palin Would be Four More Years of Bush

McCain, Sarah Palin and the PREGNANT ONE.

For shit and giggles, watched the Republican Convention last night, and got a WHOLE LOT of giggles. Who are the McCain's and Palin's trying to fool here? For starters, lets start with Palin...how many know she SMOKED POT up through at least 2006? Don't get me wrong, I think marijuana should be legalized, but for someone claiming to be a BORN AGAIN, HOLIER THAN THOU CHRISTIAN, smoking pot seems just a bit hypocritical...but then, George Bush was Pro-Life dispite rumors that have him paying for his girlfriend's abortion back in his college days.

Next we have Cindy McCain, she of the wonderful video last night about ALL THE GOOD she has done with her wealth...like the $300,000 outfit she was wearing up on stage? I am sure she SO RELATES to the average American! Found it rather odd that she mentioned the charity she started, but failed to mention the FBI investigation of her for STEALING drugs from her own charity and sneaking them (smuggling) back into the country. She also has failed to tell us what strings her Senate husband pulled to have those charges DROPPED. In short, she was not only using drugs, she was a drug addict committing FELONIES to feed her habit...talk about FAMILY VALUES.

Then we have John McCain and his own affairs...after all, he was known as a boozer and a womanizer in the Navy, which is why he never attained the military success his father did. Funny how in the video about him they mention two of his planes crashes while leaving out the other two where he just crashed for NO APPARENT REASON...could it be he'd been flying after an all night BENDER?

Of course, the biggest laugh of the night, and of the convention is the McCain/Palin Energy policy, or the lack thereof. Drilling is not the answer. Even if we started drilling tomorrow we are looking at 5-7 years before seeing anything coming out of the ground in Alaska, and close to that time frame if doing off shore drilling. Where is the HELP right now in that? McCain and Palin are calling for the building of 40 new nuclear reactors by 2030...here is a FACT...that is an unattainable goal even if you do support nuclear power (which I do not). Simply stated, McCain's energy policy is the same failed Pro Oil industry agenda that was carried out under eight years of George W. Bush. Perhaps Sarah Palin can take the turd out of her mouth long enough to explain where she intends to STORE THE WASTE from 40 new nuclear power plants, and McCain can tell us how he intends to find the qualified employees to man those 40 new plants even if he could GET THEM UP AND RUNNING.

Everywhere one looks there seems to be poor judgement, disgusting family values, and criminal activity in the McCain/Palin Republican ticket...is that the best the Republican Party and their ultra conservative, rabidly religious right wing can offer up? If it is, it is no wonder why their party is in such disarray. Don't kid yourself America...when McCain calls us his friends, you need to put your hand over your wallet, and be leary of losing more civil liberties in the name of National Security.