The Importance of Investing in Energy Companies
The world has made much technological advancement in many areas. We now have the ability to make phone and video calls, across the world. We can utilize almost any piece of information, from our homes and mobile devices in our hands. We continue to advance research and knowledge beyond even our imaginations. One of the large advancements is in the field of energy. Many countries have continued to work for advancements in energy. They are attempting to find ways to reduce the cost and increase the efficiency and recyclability of traditional energy sources.
Investing in energy companies helps to advance this research quicker. When the researchers have unlimited technology and resources to provide additional research with, they are able to produce better results, quicker. One of the current movements is that of renewable energy. We currently rely on traditional energy, much of which comes from other countries. This can get very expensive and can make trade deals difficult, when it is a product that our county relies on so much. Investing in nuclear energy advances the possibility that we will not have to rely on other countries for much longer.
The US Nuclear Energy Institute suggests that for a coal fired plant, 78% of the cost is fuel, for a gas fired plant, the figure is 89%, and for nuclear, the uranium is about 14%, or double that to include all front end costs. Energy is expensive. It will continue to be expensive, until we find better options. If we can find a source of renewable energy, the costs will drastically reduce, and it can be used over and over again.
Another benefit to having renewable energy, is the benefit that it will provide to the environment. Current gas plants and warehouses put off gas emissions that can be very dangerous to the planet. It also reduces the quality of air, for those living near the plants. If we can find a way to improve the type of gases in energy with investing in energy companies, we can be less limited to the placement of these warehouses. There are currently more than 436 commercial nuclear reactors operating in 30 countries, with a further 67 under construction. The alternative energy source can reduce not only the amount of reactors that are needed, but also where they can be placed for safety air concerns.
Finding alternative energy sources can also increase the financial situation of the country. There is a lot of money in energy, as shown by the price of nuclear energy stocks and the success of publicly traded nuclear companies. Entergy?s Indian Point 2 and 3 reactors in New York state annually generate an estimated $1.6 billion in the state and $2.5 billion across the nation as a whole. This includes about $1.3 billion per year in the local counties of the plant. Investing in energy companies is important to the success of many state?s in our country.
In addition to the advancement of energy sources, energy companies are continually working on other energy product advances. Products such as wearable radiation detection are important. This provides professionals of the energy companies to test different areas of the world for radiation, simply while wearing a tester around their neck. This has huge advances to the country, because we will have the ability to build communities in areas that used to require more extensive of testing for traces of radiation. Investing in nuclear energy stocks helps us to have the ability to do things like this.
Researchers and scientists are always looking for ways to improve our current products and technologies. Investing in energy companies helps them have the ability to make these important advancements. An important area of research is that of energy. Energy is currently expended from traditional oil sources. Alternative energy sources will be better on the environment, cost less, and have more flexibility of where they can be placed.