The Swiss government Wednesday decided to exit nuclear energy by phasing out the country's existing nuclear plants and seeking alternative energy sources, in a response to security concerns following Japan's nuclear disaster.
Switzerland is the second country in Europe, after Germany, to drop nuclear energy as an electricity source after protests flared up amid fears that the reactor meltdown at Japan's Fukushima Daiichi plant, which was hit by an earthquake and a tsunami in March, could be repeated elsewhere.
Energy Glance
Japan's Fukushima Daiichi nuclear power plant experienced full meltdowns at three reactors in the wake of an earthquake and tsunami in March, the country's Nuclear Emergency Response Headquarters said Monday.
Germany, the economic engine of Europe, said Monday that it will close all of its nuclear power plants over the next 11 years, the latest aftershock from the Japanese earthquake and partial meltdown it set in motion at the Fukushima Daiichi nuclear complex.
When oil prices hit a record $147 a barrel in July 2008, the Bush administration leaned on Saudi Arabia to pump more crude in hopes that a flood of new crude would drive the price down. The Saudis complied, but not before warning that oil already was plentiful and that Wall Street speculation, not a shortage of oil, was driving up prices.





























