Value Microcaps Motherboard

[jtomm]

bbotcs Re: Lee Raymond and Nuclear

"Lee Raymond, of all people, former CEO of Exxon/Mobil, gave nuclear energy two thumbs up"

That's actually not surprising at all. He's long been a supporter of nuclear and was President of Exxon's nuclear division, but then 3 mile island happened.

I was no fan of his golden parachute robbing of shareholders, but that having been said, he's generally a pretty common sense guy.

When at at Exxon, he basically said, look, we're an energy company, we'll supply whatever kind of energy makes sense. If all these alternatives made sense, we'd be doing them. But they just don't make sense, and we've tried all of them. Nuclear makes sense but after three mile island, the regulatory environment made it impossible.

Hour-long vid with Charlie Rose will clarify many of his views: