Best of the Week
Most Popular
1. Five Charts That Show We Are on the Brink of an Unthinkable Financial Crisis- John_Mauldin
2.Bitcoin Parabolic Mania - Zeal_LLC
3.Bitcoin Doesn’t Exist – 2 - Raul_I_Meijer
4.Best Time / Month of Year to BUY a USED Car is DECEMBER, UK Analysis - Nadeem_Walayat
5.Labour Sheffield City Council Election Panic Could Prompt Suspension of Tree Felling's Private Security - N_Walayat
6.War on Gold Intensifies: It Betrays the Elitists’ Panic and Augurs Their Coming Defeat Part2 - Stewart_Dougherty
7.How High Will Gold Go? - Harry_Dent
8.Bitcoin Doesn’t Exist – Forks and Mad Max - Raul_I_Meijer
9.UK Stagflation Risk As Inflation Hits 3.1% and House Prices Fall - GoldCore
10.New EU Rules For Cross-Border Cash, Gold Bullion Movements - GoldCore
Last 7 days
Highly Flexible and Secure Trading Accounts - 24th Jan 18
Smiggle Python Puzzle Review - 24th Jan 18
Government Shutdown Ends – Markets Ignore Looming Debt and Bond Market Threat - 23rd Jan 18
Stock Risks to Watch: Choose Your Bear Market Dashboard - 23rd Jan 18
Worse than Watergate - Release the Memo - Investigate Uranium One - 23rd Jan 18
CAT Stock Bouncing after JPM Upgrade How High and How Long Can This CAT Jump? - 23rd Jan 18
Why Banks Will Be Slammed In The Next Crisis—And That May Be Good News - 23rd Jan 18
Medicare Premiums Are A Shared Pool - Coming Changes That Will Transform Retirement - 23rd Jan 18
Charged Atmosphere of Heavy Police and Security Presence at Sheffield Street Tree Felling Protests - 23rd Jan 18
Pension Crisis And Deficit of £2.6 Billion At Carillion To Impact UK - 22nd Jan 18
Two Factors for Gold That You Don’t Want to Miss - 22nd Jan 18
Why You Must Own Silver in 2018 - 22nd Jan 18
This Could Be The Hottest Mining Stock Of 2018 - 22nd Jan 18
Stock Index Trend Trade Setups for the SP500 & NASDAQ - 22nd Jan 18
Stock Market Deceleration / Distribution - 22nd Jan 18
US Markets vs Govt Shutdown: Stock Markets at all time highs - 22nd Jan 18
Land Rover Discovery Sport - 1 Month Driving Test Review - 22nd Jan 18
Why should you use high-quality YouTube to mp3 converter? - 22nd Jan 18
Silver As Strategic Metal: Why Its Price Will Soar - 21st Jan 18
Stocks, Gold and Interest Rates Three Amigos Ride On - 21st Jan 18
Why Sometimes, "Beating the S&P 500" Isn't Good Enough - 21st Jan 18
Bunnies and Geckos of Sheffield Street Tree Fellings Protests Explained - 21st Jan 18
Jim Rickards: Next Financial Panic Will Be the Biggest of All, with Only One Place to Turn… - 20th Jan 18
Macro Trend Changes for Gold in 2018 and Beyond - Empire Club of Canada - 20th Jan 18
Top 5 Trader Information Sources for Timely, Successful Investing - 20th Jan 18
Bond Market Bear Creating Gold Bull Market - 19th Jan 18
Gold Stocks GDX $25 Breakout on Earnings - 19th Jan 18
SPX is Higher But No Breakout - 19th Jan 18
Game Changer for Bitcoin - 19th Jan 18
Upside Risk for Gold in 2018 - 19th Jan 18
Money Minute - A 60-second snapshot of the UK Economy - 19th Jan 18
Discovery Sport Real MPG Fuel Economy Vs Land Rover 53.3 MPG Sales Pitch - 19th Jan 18
For Americans Buying Gold and Silver: Still a Big U.S. Pricing Advantage - 19th Jan 18
5 Maps And Charts That Predict Geopolitical Trends In 2018 - 19th Jan 18
North Korean Quagmire: Part 2. Bombing, Nuclear Threats, and Resolution - 19th Jan 18
Complete Guide On Forex Trading Market - 19th Jan 18
Bitcoin Crash Sees Flight To Physical Gold Coins and Bars - 18th Jan 18
The Interest Rates Are What Matter In This Market - 18th Jan 18
Crude Oil Sweat, Blood and Tears - 18th Jan 18
Land Rover Discovery Sport - Week 3 HSE Black Test Review - 18th Jan 18
The North Korea Quagmire: Part 1, A Contest of Colonialism and Communism - 18th Jan 18
Understand Currency Trade and Make Plenty of Money - 18th Jan 18
Bitcoin Price Crash Below $10,000. What's Next? We have answers… - 18th Jan 18
How to Trade Gold During Second Half of January, Daily Cycle Prediction - 18th Jan 18
More U.S. States Are Knocking Down Gold & Silver Barriers - 18th Jan 18
5 Economic Predictions for 2018 - 18th Jan 18
Land Rover Discovery Sport - What You Need to Know Before Buying - Owning Week 2 - 17th Jan 18
Bitcoin and Stock Prices, Both Symptoms of Speculative Extremes! - 17th Jan 18
So That’s What Stock Market Volatility Looks Like - 17th Jan 18
Tips On Choosing the Right Forex Dealer - 17th Jan 18
Crude Oil is Starting 2018 Strong but there's Undeniable Risk to the Downside - 16th Jan 18
SPX, NDX, INDU and RUT Stock Indices all at Resistance Levels - 16th Jan 18
Silver Prices To Surge – JP Morgan Has Acquired A “Massive Quantity of Physical Silver” - 16th Jan 18
Carillion Bankruptcy and the PFI Sector Spiraling Costs Crisis, Amey, G4S, Balfour Beatty, Serco.... - 16th Jan 18
Artificial Intelligence - Extermination of Humanity - 16th Jan 18
Carillion Goes Bust, as Government Refuses to Bailout PFI Contractors Debt and Pensions Liabilities - 15th Jan 18
What Really Happens in Iran?  - 15th Jan 18
Stock Market Near an Intermediate Top? - 15th Jan 18
The Key Economic Indicator You Should Watch in 2018 - 15th Jan 18
London Property Market Crash Looms As Prices Drop To 2 1/2 Year Low - 15th Jan 18
Some Fascinating Stock Market Fibonacci Relationships... - 15th Jan 18

Market Oracle FREE Newsletter

6 Critical Money Making Rules

After 40 years of Nuclear Passion, It Hurts

Commodities / Nuclear Power Mar 28, 2011 - 08:23 AM GMT

By: OilPrice_Com

Commodities

For 40 years I've written about nuclear power, defended it and believed, as I still do, that it offers the best signpost to a great future; to what Churchill called the "sunlit uplands"; in short, utopia.

I regard electricity as one of mankind's great achievements, saving people from the menial, painful drudgery that marks daily existence without it. Growing up in Africa, I'd see men and women walking miles, many miles, barefoot across the savanna, looking for a few pieces of wood to burn for cooking and hot water.


Electricity, I've believed for these four decades, is assured for thousands of years through nuclear. With advanced breeder reactors and with the energy stored in weapons plutonium, it comes close to perpetual motion: So much energy from so little fuel.

The alternative choice is to burn up the earth, fossil fuel by fossil fuel, until we are searching, like the people of the African savanna, for something that is left to burn.

Wind and solar are defined by their geography and limited by their scattered nature. Their place at the table is assured but not dominant. Industrial societies need large, centralized energy sources.

Yet a nuclear tragedy of almost immeasurable proportions is unfolding in Japan. The sum of all the fears about nuclear is being realized. Hades and Poseidon have joined to cut nuclear down.

Do disasters, like the Japanese nuclear one, really kill technologies? Mostly, obsolescence does that; but their demise can be accelerated by a last huge mishap.

While the Hindenburg disaster at Lakehurst, N.J., in 1937 didn't end lighter-than-air aircraft for passenger travel, it drew the curtains: Fixed-wing airplanes were doing a better job. The Concorde supersonic jet didn't leave the skies because of a fatal accident at Paris-Charles De Gaulle Airport in 2000; but it did make the Concorde's planned retirement immediate.

Conversely, Titanic's sinking in 1912 didn't put an end to ocean liners: They got safer. Throughout the 19th century boilers were constantly blowing up, not the least on the stern-wheelers plying the Mississippi. Boats kept working and the technology -- primarily safety valves -- got better. Bad technologies are replaced by safer ones; and good ones with flaws were improved upon.

That is the history of boats, cars, planes and, yes, resoundingly yes, of nuclear power.

After the Three Mile Island disaster in 1979, a new word, "passive," began to dominate reactor design and construction, but maybe too late for the General Electric Mark1 plants ordered so long ago. Passive, as it sounds, is a design in which cooling pumps are not as important. The idea is to depend more on gravity feeds and convective cooling. These are featured in newer designs, and there has been some back fitting. Things were moving in the right direction, but not fast enough.

The story of the reactors at the Fukushima Daiichi site is a story of success and failure. They were designed 40 years ago to meet what in advanced design is known as a "maximum" credible accident. That was, in that location, an earthquake of a magnitude which had never occurred there. Excluded from this calculation of credible -- i.e. it could happen -- was the tsunami.

That exceeded the imagination of catastrophe to that point in time. Within the credible design envelope, the plants performed flawlessly. They shut down; the emergency cooling pumps started up in fractions of a second; and when they failed, batteries took over. The problem was the tsunami destroyed the diesel generators, and the whole sequence of disaster began.

The opponents of nuclear power -- and they have been pathological in opposition for more than 40 years -- have their footwear on and are ready to dance on the grave of nuclear. They might want to unlace and take a seat: Nuclear power does not have an alternative about to retire it.

Big demand for new energy (ideally carbon-free energy) around the globe, and especially in India and China, can't be satiated without nuclear. Abundance of natural gas in the United States already has reduced the demand for new nuclear to four or five reactors. We'll be okay for a while.

Source: http://oilprice.com/Alternative-Energy/...

By Llewellyn King in Washington DC for OilPrice.com who offer detailed analysis on Crude oil, Natural Gas, Geopolitics, Gold and most other Commodities. They also provide free political and economic intelligence to help investors gain a greater understanding of world events and the impact they have on certain regions and sectors. To find out more visit their website at: http://www.oilprice.com

© 2011 Copyright OilPrice.com- All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2018 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules