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MarketFoolery

MarketFoolery: 06.06.2011

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 6 June 2011

⏱️ 12 minutes

🧾️ Download transcript

Summary

Germany approves a plan to phase out nuclear power in favor of wind power and other renewable energy. What is the future of nuclear power? Should investors bet on the wind? Which energy stocks are worth a closer look? Our analysts discuss those questions and discuss the value of lunch with Warren Buffett.

Transcript

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0:00.0

It's Monday, June 6th, and this is Market Fullery.

0:05.0

I'm Chris Hill and joining me in studio today from Motley Pool Asset Management, Bill Mann,

0:09.0

from Stock Advisor, Jason Moser, and from from Inside Value Joe Meager.

0:13.4

Guys, good to see you, happy Monday.

0:15.2

Hey there.

0:16.4

All right, we've got a very expensive lunch

0:19.0

with Warren Buffett that we will get to in a moment.

0:21.3

But first, we're going to begin with the future of

0:24.0

nuclear power. Speaking of expensive? Exactly. Shares of TEPCO

0:28.8

Tokyo Electric Power down 28% on Monday after a report that the nuclear power plant operator would face a massive loss this year as a result of the tsunami.

0:39.0

In other nuclear news, Germany approved a plan that would shut down all of the country's nuclear power plants

0:45.3

by 2022.

0:47.2

So Bill Mann, I'll start with you.

0:48.6

We've got obvious problems in Japan.

0:50.8

There's some good news.

0:52.0

We've got Germany essentially getting out of

0:54.3

nuclear power. What is the future of this industry? Well you know I think actually

0:59.4

there are a lot of the developed countries. Germany Taiwan has already announced that they're going to be,

1:05.2

that they're stopping work on any of their nuclear plants.

1:08.6

And Japan, of course, has got all sorts of issues with their existing their existing plants but I think overall

1:14.8

nuclear power is it's not going away I mean you have you have China and India for

1:20.4

example that have absolute structural deficits in power, and it's the best place

...

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