Against concensus, Obama underscores need for nuclear energy

In a posturing that may help shore up the stock of nuclear companies and relax the run in other energy related names, the Obama administration has come out in support of nuclear energy as having an important place in all future policies.

White House spokesman Jay Carney said nuclear power, “remains a part of the president’s overall energy plan. When he talks about reaching a clean energy standards it’s a vital part of that. And as we get more information from Japan and what happened there, that can be incorporated, but right now we remain committed to the clean energy standards and the other aspects of the president’s energy plan.”

Monday, energy names not related to nuclear power ran higher as traders prepared for the reactions of the public and public officials to the events unfolding on Japan.