The phrase “nuclear renaissance” has become a cliche as the power industry ruminates on the potential for a nuclear future. While projects are early in their planning stages, their sheer number could indeed signal a new nuclear era — and an era of retrenchment for the share of natural gas in power generation.
Cliche
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ExxonMobil to Stay the Course, Targets Long-Term Attractive Projects
The old cliche “If it’s not broken, don’t fix it” could double as the motto of ExxonMobil Corp., which plans to keep its proven long-term approach of steady growth with disciplined investment in large energy projects going forward. Who could blame the energy Goliath, which posted more than $36 billion in profit for 2005 — the largest profit for a U.S. company in history (see Daily GPI, Jan. 31).
March 10, 2006
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