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This article was submitted as a runner up and introduction to JIES 7.3, a special issue on the policy, science and dilemmas of nuclear energy in the 21st century. It provides an overview of some of the key challenges surrounding the so-called ‘nuclear renaissance’. It provides a broad context for the more specific concerns with the social and political aspects of radioactive waste which will be considered in the next issue. What are the likely consequences of a global nuclear power renaissance? This article answers that question by exploring six categories of costs and benefits associated with modern nuclear power plants: capital and production costs, safety and reliability, fuel costs, land degradation, water use,...
The Marcellus tight gas shale represents a significant resource within the northeastern United States. It is both a large reserve, with an estimated 30 to 300 TCF of recoverable gas, and is close to some of the largest prospective markets in the country. However, production is fraught with technological obstacles, the most significant of which include prospecting, access by drilling, stimulation, and recovery. Prospecting is difficult because viability of the reservoir relies both on the original gas in place and in the ability to access that gas through pre-existing fractures that may be developed through stimulation. Drilling is a challenge since drilling costs typically comprise 50% of the cost of the wells and...