The role of nuclear reactor technology on the development of the nuclear industry and decision making in the context of the energy crisis and price fluctuations of the 1970s and 1980s
This presentation focusses on economic decision making in the nuclear industry during the petroleum crisis of 1973 and 1979 and the fall in oil prices in 1986.
It will demonstrate that the path taken by countries such as the United Kingdom, United States, Japan, France and the Soviet Union diverged depending on their relationship with the global petroleum market and that the eventual outcomes were not ‘set in stone’ but reliant on a number of dependent and independent factors based upon the technical choice of reactor design used and how different choices interacted with the wider economy.
Duncan joined Durham University Business School in October 2013. He teaches economics and economic history and specialises in MSc dissertation supervision in subjects related to energy, industry and commodity markets, as well as the occasional sports finance/management related dissertation. His current research is in the development of nuclear power in the United Kingdom and the economics of unconventional nuclear technologies in countries such as Canada, Japan, Sweden and the former Soviet States.
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