2 Comments

  1. “He was the CEO of Liberty Energy, North America’s second largest hydraulic fracturing company…”

    Sounds like a reasonable pick for Secretary of Energy in a Republican administration, yet literally the fossil bogeyman of nukebro lore (i.e. one of ‘THEY’ in the conspiracy).

    “and served on the boards of Oklo Inc..”

    ‘Climate Science’ is often cited in Oklo videos and press releases. I’m curious when Chirs Wright took that position on their board. Was it after the IPO? If so, bravo to Oklo for reading the political winds.

    Altman’s Oklo stock has more than doubled since xmas – it’s at $50/ea today. I wonder about the exit strategy. How do they unwind this?

  2. @michael scarangella

    While I have often written about the notion that fossil fuel interests are motivated to slow or stop nuclear energy, I’ve never intended that to mean that I think all fossil fuel interests oppose nuclear power. In fact, most of them are quite strong in their support of the technology because they really are motivated to supply the world with the energy that it needs.

    Chris Wright is most certainly in the category of someone who is deeply committed to providing clean, reliable, abundant, affordable and secure energy. Natural gas might not be very clean from a CO2 perspective, but otherwise it is very clean compared to its competitors.

    Wright has also made it very clear through actions and investments that he supports nuclear and geothermal energy in addition to natural gas and oil.

    I’m not sure what you mean by “unwind.” The insiders at Oklo apparently believe that their technology will be successful and that their business model is one that will result in strong returns. Why would they feel any need to “unwind” that? Successful entrepreneurs sell SOME of their stock. But they also choose to retain a substantial portion of their holdings so that they can continue to benefit from corporate growth.

Comments are closed.

Similar Posts

  • Nuclear professionals can, and should get emotional

    Entergy’s announced decision to close Vermont Yankee hit me pretty hard. It was the fifth announced closure of a large nuclear reactor in 2013. It was one more indication that the nuclear renaissance that seemed so close to becoming real in 2005 is struggling. It was also an announcement that I took a little personally,…

  • America’s Natural Gas Alliance ad featuring Georgia Power

    The video embedded above illustrates the kind of advertising that the natural gas industry, nuclear energy’s primary competitor, routinely uses to inform the public that it provides a valuable, reliable service. I hope you enjoy the reminder about the importance of communications and the irony of recognizing that the electric power utility company featured in…

  • Soft hearts should not be accompanied by soft heads

    Yesterday, Vermont Governor Peter Shumulin appeared on Democracy Now to talk about the effect of Hurricane Irene on his Green Mountain State. Twice in the interview, he used the words irrational, but throughout the interview he and his interviewer were remarkably illogical. Though many parts of his state were being washed away by raging floods…

  • Atomic Show #239 – Sarah Laskow and the LNT model

    In March 2015, Foreign Policy magazine published an article by Sarah Laskow titled The Mushroom Cloud and The X-Ray Machine. The article described the controversy over the radiation protection model known as the linear, no-threshold dose response. Ms. Laskow conducted some admirable literature research and talked with a number of well-known people. The ones that…

  • B&W mPower cover story about lack of interest is bogus

    Update: (June 20, 2014) Here is the chart of B&W’s stock price during the past year. It is interesting to note the 10% drop between May 9, 2014 and May 18, 2014 and the fact that the stock continues to trade in a range centered around the new, lower price established after that drop. End…