Viewpoint: Nuclear's stand-out resilience in an energy crisis
When it comes to energy, global market shocks are good at turning assets into liabilities. Except, that is, when the energy is nuclear, writes Alexander Uvarov, editor-in-chief of AtomInfo.ru.
"The current oil crisis, which erupted against the backdrop of COVID-19, has, according to Scott Lauerman, a spokesman for the American Petroleum Institute, reduced global oil demand from around 100 million barrels per day (prior to the pandemic) to about 30 million barrels a day. It is no wonder then, that such a stark and sudden loss of demand would reduce oil tankers to simple storage containers."
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