SOURCE: Industrial Info Resources

Industrial Info Resources

April 21, 2011 06:20 ET

Will High Gasoline Prices Put Japanese Nuclear Meltdown in the Rearview Mirror of U.S. Consumers? - an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Apr 21, 2011) - Written by John Egan for Industrial Info Resources (Sugar Land, Texas) -- The nuclear power sector is hoping that rising gasoline prices this summer will help put the Fukushimi Daiichi nuclear disaster in the rearview mirror of U.S. consumers. "There will be a lot of focus on $5 per gallon gasoline this summer," John Keeley, a spokesman for the Nuclear Energy Institute (NEI) (Washington, D.C.) told Industrial Info in an interview. "If that attention can be channeled into the need to electrify vehicles, that would play to our industry's advantage," because nuclear power has low operating costs but high construction costs. "$5 gas will make this an especially interesting summer for the energy industry."

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