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According to a new study from The McIlvaine Company, the Japanese nuclear disaster will substantially change energy generation. Investment in nuclear plants is expected to drop 60%. New coal plants will increase 11% over previous estimates, with similar increases for wind and solar. Gas-fired generation is expected to increase by 50% over pre-disaster levels, forcing gas prices higher. This could price natural gas out as a more environmental alternative to gasoline and diesel. Assuming nukes are the best short-term alternative to global warming, are they worth the risk?
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