Nuclear power for India not going to lower energy prices in U.S. : Experts
Media Release
Mar. 3, 2006

In attempting to sway a skeptical Congress to support a nuclear agreement with India, President George W. Bush greatly exaggerated the potential benefits to U.S. consumers, energy experts said on Thursday.

"It's in our economic interests that India have a civilian nuclear power industry to help take the pressure off the global demand for energy," Bush said Thursday in announcing the landmark agreement in New Delhi. "To the extent that we can reduce demand for fossil fuels, it will help the American consumer." But energy analysts said U.S. motorists and homeowners should not expect cheaper energy anytime soon, if ever, because the United States has agreed to share its nuclear know-how and fuel with India. It would "definitely be an oversimplification" to make a direct link between an increase in nuclear energy in India and a greater availability of fossil fuels, much less lower prices, for Americans, said Fimat USA energy analyst John Kilduff. And there is no reason why India cannot expand its nuclear power sector while at the same time increasing its consumption of fossil fuels, whether that means coal and natural gas for electricity or gasoline for automobiles.

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