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Atoms for Peace: Now What?

By WILLIAM F. SHUGHART II

Sixty years ago this December, President Dwight D. Eisenhower turned a dangerous situation around. In an address to the U.N. General Assembly at the height of the Cold War, he made a commitment to the peaceful use of nuclear energy.

That commitment is now being threatened: by activists who oppose building a storage depository for nuclear waste and by energy policies that favor any alternative to fossil fuels except a nuclear one.

The goal of Eisenhower’s “Atoms for Peace” vision should be evident. Currently, 68 nuclear power plants are being built around the world, according to the World Nuclear Association. An additional 150 are in the planning stage, and an additional 340 have been proposed.

 

All of this is in addition to the 437 nuclear plants currently in operation, including 104 in the United States. Overall, nuclear power supplies 12.3 percent of the world’s electricity and it’s the largest source of carbon-free energy.

Since Eisenhower’s historic address to the United Nations, the United States and Russia reached an agreement to dispose of surplus fissionable materials – weapons-grade uranium and plutonium. In one of history’s greatest disarmament successes, 500 metric tons of highly enriched uranium have been removed from Russian warheads once aimed at U.S. cities.

The U.S.-Russia agreement also called for each country to eliminate 34 metric tons of weapons-grade plutonium, another material used in nuclear warheads, to keep it out of the hands of terrorists. Just a few grams of plutonium are all that it would take to make a crude nuclear weapon that could render a city the size of Chicago or Los Angeles uninhabitable for decades.

But will weapons-grade plutonium really be eliminated?

The technology for destroying plutonium has been available for many years. Plutonium is blended with uranium into a so-called mixed-oxide fuel, known as MOX, which can then be used in nuclear power plants to produce electricity. The U.S. Department of Energy’s Nuclear Security Administration has been building a facility for this purpose at its Savannah River site in South Carolina.

The facility is more than 60 percent complete, and $4 billion already has been spent on its construction. But its future is in doubt.

President Obama, in his fiscal 2014 budget, just proposed slashing $132.7 million – more than 29 percent – from the project’s appropriation. “This current plutonium disposition approach may be unaffordable,” the White House budget summary said, promising that the administration will now “assess the feasibility of alternative … strategies.”

This is the same way the administration killed the planned nuclear waste burial site, which had been under construction at Nevada’s Yucca Mountain, about 100 miles northwest of Las Vegas.

Although scientists had approved the Nevada site, and $10 billion had been spent on it, Obama pulled the plug in 2011. Consequently, the United States still doesn’t have an underground repository for the tons of radioactive waste now being stored at nuclear power plants around the country, or for the nuclear waste generated by our defense program.

The solution to this dilemma is fairly clear: policymakers have to provide the necessary funds to complete the Savannah River facility intended to convert weapons-grade plutonium into MOX, and they need to establish an interim site for storing nuclear waste until a permanent repository can be built.

There’s a lot at stake. If the United States abandons the South Carolina project and fails to eliminate its surplus weapons-grade plutonium, Russia has said that it will stop converting plutonium into MOX. That, unfortunately, could expose Russia’s plutonium stockpiles to the possibility of theft.

Can the MOX project be saved? Yes, it probably can. Should it be saved? Absolutely, despite the fact that repeated delays have helped drive up the cost to $6.8 billion, a $2 billion increase. Will it be saved? That’s very much in doubt.

The truth is: Failure of the MOX project wouldn’t just be foolish and reckless energy policy, it would be giant blow to anti-terrorism and disarmament.

President Eisenhower’s “Atoms for Peace” legacy hangs in the balance. Let’s hope Washington has the courage to do what’s right.

ABOUT THE WRITER

William F. Shughart II is a senior fellow with the Independent Institute in Oakland, Calif., and the J. Fish Smith professor in public choice at Utah State University. Readers may write him at Jon Huntsman School of Business, 3500 Ol Main Hill, Logan, Utah 84322-8500; email: william.shughart@usu.edu.

This essay is available to McClatchy-Tribune News Service subscribers. McClatchy-Tribune did not subsidize the writing of this column; the opinions are those of the writer and do not necessarily represent the views of McClatchy-Tribune or its editors.

 

http://www.mercedsunstar.com/2013/05/09/2998582/atoms-for-peace-now-what.html
Merced Sun Star (CA)

http://www.fresnobee.com/2013/05/09/3292379/atoms-for-peace-now-what.html
Fresno Bee (CA)

http://www.kansascity.com/2013/05/09/4226635/atoms-for-peace-now-what.html
Kansas City Star

http://www.adn.com/2013/05/09/2896220/atoms-for-peace-now-what.html
Anchorage Daily News

http://www.bradenton.com/2013/05/09/4518627/atoms-for-peace-now-what.html
Bradenton Herald (FL)

http://www.bellinghamherald.com/2013/05/09/3001990/atoms-for-peace-now-what.html
Bellingham Herald (WA)

http://www.islandpacket.com/2013/05/09/2496265/atoms-for-peace-now-what.html
Island Packet (Hilton Head, SC)

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Atoms for Peace: Now What?

How Washington makes things look worse than they really are

By Randy Simmons and Ryan Yonk

Every fiscal crisis is an opportunity to play budget games. This week’s panicked attempts by Congress to deal with the sequester presents a special opportunity for federal agencies to remind the public just how addicted the agencies are to federal spending. These reactions are all part of a predictable pattern, from Leon Panetta crying out that America’s security will be placed at severe risk to the White House claiming that 15,000 defense industry jobs will be lost in Utah alone.

Government agencies create public demand by scaring people into imagining a world without their services. It’s nothing new—this “Washington Monument Strategy” has been in play for over fifty years… READ FULL ARTICLE AT TOWNHALL

 

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Atoms for Peace: Now What?

Leeson’s chapter on conscription was very interesting to me.  A lot of the statements that Leeson uses seem to be common sense.  I’m not sure however, if it is because of the economic training that I have had or because his arguments are really common sense.

He however, does have a way of simplifying complex motives and incentives in his analysis.  The most interesting part was when his introduced the idea of pirates wanting to be forced into piracy.  This allowed them to have a loophole in the law if caught and if not they were allowed to do what they desired in the first place.  It’s surprising how often things of this nature happen.

It is always interesting to watch how people bait others to gain what they want.  It ranges from flattery in dating to a bully provoking the first punch in a fight.  Humans seem to look for ways to rationalize their inappropriate behaviors and desires.  I have a tendency to like to playfully argue with my close friends and have almost a battle of words in seeing who can prove the other wrong even though nobody is incorrect.  The points of the argument are usually ambiguous but the trick comes when you bait someone into saying something that contradicts what they have said before.  This allows a justifiable attach.

The more I think about it, Chess really does provide many examples of incentives and baiting others to get what one wants.  In Chess one must be several steps ahead of his or her opponent in order to successfully achieve the objective.  One must generally give up something in order to get what they really want more.  Pirates were willing to give up absolute safety from the law in order to participate or get someone to compel them to participate in piracy.  It constantly surprises me how well incentives explain the actions of not only pirates but also ourselves.

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Atoms for Peace: Now What?

Not being married I do not know the specifics about it, but having parents that have been married 32 years I’ve heard a lot about it.  I also have a twin brother, which is kinda like being married.  But only kind of.  My parents have been married for 32 years yet still argue, disagree on certain things, and can irritate each other.  I do the same with my brother, but I’ve learned to put up with it.  So I figure this is what marriage must be like, because it’s what I’ve seen and what I’m used too.

Thinking about economics and marriage now, I ponder as to why my mom has not divorced my dad.  He’s a lawyer and makes a lot of money, and I’m sure she would get a large chunk of it.  But perhaps it would be in her greatest interest to stay as she will have a more constant supply of money and presumably because she loves him.  Mormons (and more specifically students at BYU) are stereotypically known to get married at young ages without dating for long periods of time.  While I have not known anyone personally who has done that, I’m sure we’ve all heard the stories.  Elder Jones gets off the mission, 3 days later he’s engaged.  Yada yada yada.  What are the economics behind that?  Well, like Kelsey said ‘you don’t have to go through the hell of dating anymore’, and especially for guys dating can greatly increase sunk costs.  Getting married soon is like making an investment, putting all your eggs into one basket.  It wouldn’t make a lot (though some) to put all your eggs in several baskets because you can only get married to one person (legally.  And why would anyone want more than one wife/husband?).

Getting married quickly can have its benefits, but also its downsides.  ’The crazy comes out after you put the ring on’, they hide things they didn’t want you to know until it’s too late, now that you’ve fully committed they stop putting on their best behavior and you see their true face, etc.  Once you’ve shown them you’ve fully committed, they see your willingness to be in the relationship, so they pull and tug to see how much you’ll give them.  Some of their incentive has gone away.  But of course engagement is not a strict contract and can be terminated at any time.  Maybe there should be a website to rate men/women so you can find out how they are before you date them.