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It is often (understandably but erroneously) assumed that Strauss' prediction was a reference to conventional uranium fission nuclear reactors. Indeed, only ten days prior to his “Too Cheap To Meter” speech, Strauss was present for the groundbreaking of the [[Shippingport Atomic Power Station]] where he predicted that, "industry would have electrical power from atomic furnaces in five to fifteen years." However, Strauss was actually referring to [[hydrogen fusion]] power and [[Project Sherwood]], which was conducting research on developing practical fusion power plants.

Newspaper articles at the time give no hint that Strauss was referring only to fission reactors, and took his meaning to apply to nuclear power in general.

<ref>Pfau, Richard (1984) ''No Sacrifice Too Great: The Life of Lewis L. Strauss''‎ University Press of Virginia, Charlottesville, Virginia, [http://www.amazon.com/dp/0813910382 p. 187, ISBN 978-0813910383]</ref><ref>{{cite book
<ref>"Abundant Power from Atom Seen; It will be too cheap for our children to meter, Strauss tells science writers," New York Times, Sept. 17, 1954, p. 5. </ref>
<ref>{{cite book
| url= http://books.google.com/books?id=qBqbr8uV9c8C&pg=PA32&ots=X_NiY853vH&dq=strauss+son+cheap+meter&sig=NJRVHP66IqtX80mgp38UfttAIPc
| title= ''Nuclear Energy: Principles, Practices, and Prospects''