Long-term environmental costs are not factored into the cost of fossil-fool power.
We also should be building more nuclear power generation capacity. Just bought some Electricite de France (~13% div yield, babeh!) and AREVA ADR’s 🙂
Both of which are involved in nuclear power construction in China. We’re too chickenshit to do the same on our shores, sadly. Americans are really a bunch of fearful weaklings when it comes down to it.