Compared to fossil fuels, countries that have made the transition to nuclear energy decrease the outflow of funds going to foreign powers that supply oil. In 2013 alone, the United States imported oil at a cost of $388 billion which represents 2.3% of the gross domestic product of the US (Green Lifestyle Changes, 2014). By producing energy in a local area instead of importing it, countries will rely less on foreign imports. Consequently, economically nuclear power is hugely important in maintaining revenue in the state. In Nolan E. Hertel’s article, he found that for every kilowatt per hour of energy that nuclear power produces it costs around 1.7 cents. In comparison, it takes 2.4 cents for coal, 6.7 cents for natural gas and 10.2 cents for oil to produce the same amount of money (2008). Nuclear energy has a remarkably low price in the cost. Clearly from the research reviewed, the cost of nuclear power is far less overall than other sources of
Compared to fossil fuels, countries that have made the transition to nuclear energy decrease the outflow of funds going to foreign powers that supply oil. In 2013 alone, the United States imported oil at a cost of $388 billion which represents 2.3% of the gross domestic product of the US (Green Lifestyle Changes, 2014). By producing energy in a local area instead of importing it, countries will rely less on foreign imports. Consequently, economically nuclear power is hugely important in maintaining revenue in the state. In Nolan E. Hertel’s article, he found that for every kilowatt per hour of energy that nuclear power produces it costs around 1.7 cents. In comparison, it takes 2.4 cents for coal, 6.7 cents for natural gas and 10.2 cents for oil to produce the same amount of money (2008). Nuclear energy has a remarkably low price in the cost. Clearly from the research reviewed, the cost of nuclear power is far less overall than other sources of