Best of the Week
Most Popular
1. Will Gold Price Breakout? 3 Things to Watch… - Jordan_Roy_Byrne
2.China Invades Saudi Oil Realm: PetroDollar Kill - Jim_Willie_CB
3.Bitcoin Price Trend Forecast, Paypal FUD Fake Cryptocurrency Warning - Nadeem_Walayat
4.The Stock Market Trend is Your Friend ’til the Very End - Rambus_Chartology
5.This Isn’t Your Grandfather’s (1960s) Inflation Scare - F_F_Wiley
6.GDX Gold Mining Stocks Fundamentals - Zeal_LLC
7.US Housing Real Estate Market and Banking Pressures Are Building - Chris_Vermeulen
8.Return of Stock Market Volatility Amidst Political Chaos and Uncertain Economy - Buildadv
9.Can Bitcoin Price Rally Continue After Paypal Fake FUD Attack? - Nadeem_Walayat
10.Warning Economic Implosion on the Horizon - Chris_Vermeulen
Last 7 days
Fox in the Henhouse: Why Interest Rates Are Rising - 23rd Apr 18
Stocks and Bonds, This is Not a Market - 23rd Apr 18
Happy Anniversary Silver Investors! - 23rd Apr 18
The Hottest Commodity Play In 2018 - 23rd Apr 18
Stock Market Correction Turns Consolidation - 23rd Apr 18
Silver Squeeze, Gold Fails & GDX Breadth - 23rd Apr 18
US Economy Is Cooked, the Growth Cycle has Peaked - 23rd Apr 18
Inflation, With a Shelf Life - 23rd Apr 18 - Gary_Tanashian
Stock Market Predictive Modeling Is Calling For A Continued Rally - 22nd Apr 18
SWEATCOIN - Get PAID to WALK! Incentive to Burn Fat and Lose Weight - Review - 22nd Apr 18
Sheffield Local Elections 2018 Forecast Results - 22nd Apr 18
How Long Does it take for a 10%+ Stock Market Correction to Make New Highs - 21st Apr 18
Sheffield Ruling Labour Party Could Lose 10 Council Seats at May Local Elections - 21st Apr 18
Crude Oil Price Trend Forecast - Saudi Arabia $80 ARAMCO Stock IPO Target - 21st Apr 18
Gold Price Nearing Bull Market Breakout, Stocks to Follow - 20th Apr 18
What’s Bitcoin Really Worth? - 20th Apr 18
Stock Market May "Let Go" - 20th Apr 18
Overwhelming Evidence Against Near Stock Market Grand Supercycle Top - 20th Apr 18
Crude Oil Price Trend Forecast - Saudi's Want $100 for ARAMCO Stock IPO - 20th Apr 18
The Incredible Silver Trade – What You Need to Know - 20th Apr 18
Is War "Hell" for the Stock Market? - 19th Apr 18
Palladium Bullion Surges 17% In 9 Days On Russian Supply Concerns - 19th Apr 18
Breadth Study Suggests that Stock Market Bottom is Already In - 19th Apr 18
Allegory Regarding Investment Decisions Made On Basis Of Government’s Income Statement, Balance Sheet - 19th Apr 18
Gold – A Unique Repeat of the 2007 and How to Profit - 19th Apr 18
Abbeydale Park Rise Cherry Tree's in Blossom - Sheffield Street Tree Protests - 19th Apr 18
The Stock Market “Turn of the Month Effect” Exists in 11 of 11 Countries - 18th Apr 18
Winter is Coming - Coming Storms Will Bring Out the Best and Worst in Humanity - 18th Apr 18
What Does it Take to Create Living Wage Jobs? - 18th Apr 18
Gold and Silver Buy Signals - 18th Apr 18
WINTER IS COMING - The Ongoing Fourth Turning Crisis Part2 - 18th Apr 18
A Stock Market Rally on Low Volume is NOT Bearish - 17th Apr 18
Three Gold Charts, One Big Gold Stocks Opportunity - 17th Apr 18
Crude Oil Price As Bullish as it Seems? - 17th Apr 18
A Good Time to Buy Facebook? - 17th Apr 18
THE Financial Crisis Acronym of 2008 is Sounding Another Alarm - 16th Apr 18
Bombs, Missiles and War – What to Expect Next from the Stock Market - 16th Apr 18
Global Debt Bubble Hits New All Time High – One Quadrillion Reasons To Buy Gold - 16th Apr 18
Will Bitcoin Ever Recover? - 16th Apr 18
Stock Market Futures Bounce, But Stopped at Trendline - 16th Apr 18
How To Profit As Oil Prices Explode - 16th Apr 18
Junior Mining Stocks are Close to Breaking Downtrend - 16th Apr 18
Look Inside a Caravan at UK Holiday Park for Summer 2018 - Hoseasons Cayton Bay Sea Side - 16th Apr 18
Stock Market More Weakness? How Much? - 15th Apr 18
Time for the Gold Bulls to Show their Mettle - 15th Apr 18
Trading Markets Amid Sound of Wars - 15th Apr 18
Sugar Commodity Buying Levels Analysis - 14th Apr 18
The Oil Trade May Be Coming Alive - 14th Apr 18

Market Oracle FREE Newsletter

Trading Lessons

Fukushima Fallout Reaches U.S.A, Radiation Found in Rainwater from California to Massachusetts

Politics / Environmental Issues Apr 01, 2011 - 05:30 AM GMT

By: Mike_Whitney

Politics

Best Financial Markets Analysis ArticleThree of the six nuclear reactors at Fukushima Daiichi nuclear plant have partially melted down and highly toxic plutonium is seeping into the soil outside. Plutonium is less volatile than other radioactive elements like iodine or cesium, but it's also more deadly. According to Businessweek, "When plutonium decays, it emits what is known as an alpha particle, a relatively big particle that carries a lot of energy. When an alpha particle hits body tissue, it can damage the DNA of a cell and lead to a cancer-causing mutation." If plutonium leaches into groundwater or pristine aquifers, the threat to public health and the environment will be extreme. This is an excerpt from an article in the Guardian:


"The radioactive core in a reactor at the crippled Fukushima nuclear power plant appears to have melted through the bottom of its containment vessel and on to a concrete floor, experts say, raising fears of a major release of radiation at the site. The warning follows an analysis by a leading US expert of radiation levels at the plant....

Richard Lahey, who was head of safety research for boiling-water reactors at General Electric when the company installed the units at Fukushima, told the Guardian workers at the site appeared to have "lost the race" to save the reactor..." ("Japan may have lost race to save nuclear reactor", The Guardian)

It also appears that underground tunnels at the facility have been flooded with radioactive water that contains high-concentrations of caesium-137. A considerable amount of the water has made its way to the sea where samples show the levels of contamination steadily rising. This is from the Wall Street Journal:

"Levels of radiation in the ocean next to the Fukushima Daiichi nuclear power plant have surged to record highs, the government said Wednesday, as operators try to deal with large amounts of radioactive water—the unwanted byproduct of operations to cool the reactors.

The Nuclear and Industrial Safety Agency said water taken Tuesday afternoon from the monitoring location for the troubled reactors Nos. 1 to 4 had 3,355 times the permitted concentration of iodine-131. That is the highest yet recorded at the sampling location, which is 330 meters south of the reactors' discharge outlet." ("Seawater Radiation Level Soars Near Plant", Wall Street Journal) All fishing has been banned in the vicinity as the toxins pose a danger to human health.

The Japanese government's chief spokesman, Yukio Edano, issued a public statement admitting that the situation at Fukushima is progressively getting worse with no end in sight. "We are not yet in a situation where we can say when we will have this under control," said Edano. In other words, the emergency effort is failing.

The fact that Japan is experiencing the biggest environmental catastrophe in history explains why the media has been trying so hard to divert the public's attention to Obama's military adventure in Libya. But it hasn't worked; all eyes are locked on Fukushima where the crisis continues to get more precarious by the day. News anchors assure their viewers that they are only being exposed to "safe levels of radioactivity", but people aren't buying it. They've seen the comparisons to Chernobyl and made their own judgements. Here's an excerpt from an article in Counterpunch by Chris Busby that gives a thumbnail sketch of the human costs of the meltdown at Chernobyl:

"The health effects of the Chernobyl accident are massive and demonstrable. They have been studied by many research groups in Russia, Belarus and the Ukraine, in the USA, Greece, Germany, Sweden, Switzerland and Japan. The scientific peer reviewed literature is enormous. Hundreds of papers report the effects, increases in cancer and a range of other diseases. My colleague Alexey Yablokov of the Russian Academy of Sciences, published a review of these studies in the Annals of the New York Academy of Sciences (2009). Earlier in 2006 he and I collected together reviews of the Russian literature by a group of eminent radiation scientists and published these in the book Chernobyl, 20 Years After. The result: more than a million people have died between 1986 and 2004 as a direct result of Chernobyl." ("Deconstructing Nuclear Experts, Chris Busby, Counterpunch)

One million dead, that's the bottom line. And, according to Busby, "we can already calculate that the contamination (at Fukushima) is actually worse than Chernobyl."

That's certain, but don't expect to read it in the MSM. Or this, which is also from Busby:

Since the official International Atomic Energy Agency (IAEA) figures for the Fukushima contamination are from 200 to 900kBq.sq metre out to 78km from the site, we can expect between 22% and 90% increases in cancer in people living in these places in the next 10 years."

There's a large body of research on the effects of radiation on humans. In fact, scientists conducted a series of studies on the people living on the Marshall Islands following nuclear weapons tests at Bikini and Enewetak atolls. This is where the US exploded more than 60 atomic bombs between 1946-58. Here's an excerpt from an article in Counterpunch titled "Radiation, Japan and the Marshall Islands; Living and dying downwind":

"The legacy of latent radiogenic diseases from hydrogen bomb testing in the Marshall Islands provides some clues about what ill-health mysteries await the affected Japanese in the decades ahead.....Traces of I-131 have been discovered in Tokyo drinking water and in seawater offshore from the reactors. It took nine years for the first thyroid tumor to appear among the exposed Marshallese and hypothyroidism and cancer continued to appear decades later......

o Plutonium-239 has a half life of 24,000 years, is considered one of the most toxic substances on Earth, and if absorbed is a potent alpha emitter that can induce cancer. This isotope too is found in the soils and groundwater of the downwind atolls from the Bikini and Enewetak H-bomb tests...

Radioactive Iodine-129 with a half-life of 15 million years and a well-documented capacity to bioaccumulate in the foodchain, will also remain as a persistent problem for the affected Japanese...

The sociocultural and psychological effects [e.g., PTSD] of the Fukushima nuclear disaster will be long-lasting, given the uncertainty surrounding the contamination of their prefecture and beyond." ("Radiation, Japan and the Marshall Islands; Living and dying downwind", Glenn Alcalay, Counterpunch)

It's all bad, which is why the nuclear industry needs stooges in the media to soft-peddle the news. Because, in truth, what they're selling is a noxious stew of irradiated poison that kills and maims people while causing incalculable damage to the environment. That's why industry bigwigs have turned to their friends at the EPA to loosen regulations so that the radioactive material that's presently showering-down on the US falls within EPA safety standards. Here's a clip from Washington's Blog that explains what's going on behind the public's back:

"....the EPA is considering drastically raising the amount of allowable radiation in food, water and the environment.
As Michael Kane writes:

In the wake of the continuing nuclear tragedy in Japan, the United States government is still moving quickly to increase the amounts of radiation the population can “safely” absorb by raising the safe zone for exposure to levels designed to protect the government and nuclear industry more than human life. It’s all about cutting costs now as the infinite-growth paradigm sputters and moves towards extinction. As has been demonstrated by government conduct in the Gulf of Mexico in the wake of Deepwater Horizon and in Japan, life has taken a back seat to cost-cutting and public relations posturing. The game plan now appears to be to protect government and the nuclear industry from “excessive costs”… at any cost." (Washington's Blog)

The radioactive toxins that are now oozing into the soil and water-table or flowing into Japan's coastal waters or lofting skyward into the jet-stream where they will spread across continents, will continue to wreak havoc long after this generation has passed its mortal coil. Easing EPA safety standards won't change a thing. Where goes radiation, there too goes cancer and death. The disaster in Japan merely buys a little time for us to rethink our own policies before a similar crisis strikes here. And, it will strike here; it's only a matter of time. Consider the comments of Dave Lochbaum, Director of UCS’s Nuclear Safety Project, who testified on Wednesday before the Senate Energy and Water Development Appropriations Subcommittee. Here's what he said:

"Today, tens of thousands of tons of irradiated fuel sits in spent fuel pools across America. At many sites, there is nearly ten times as much irradiated fuel in the spent fuel pools as in the reactor cores. The spent fuel pools are not cooled by an array of highly reliable emergency cooling systems capable of being powered from the grid, diesel generators, or batteries. Instead, the pools are cooled by one regular system sometimes backed up by an alternate makeup system.

The spent fuel pools are not housed within robust concrete containment structures designed to protect the public from the radioactivity released from damaged irradiated fuel. Instead, the pools are often housed in buildings with sheet metal siding like that in a Sears storage shed. I have nothing against the quality or utility of Sears’ storage sheds, but they are not suitable for nuclear waste storage.

The irrefutable bottom line is that we have utterly failed to properly manage the risk from irradiated fuel stored at our nation’s nuclear power plants. We can and must do better." (The Union of Concerned Scientists)

Nuclear energy is a ticking-timebomb. There are safer ways to keep the lights on.

By Mike Whitney

Email: fergiewhitney@msn.com

Mike is a well respected freelance writer living in Washington state, interested in politics and economics from a libertarian perspective.

© 2011 Copyright Mike Whitney - 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.

Mike Whitney Archive

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


Comments

Ernie Messerschmidt
01 Apr 11, 12:29
where's the responsibility-taking?

So where is the responsibility-taking? Tepco is privately owned. GE and Westinghouse, big nuke companies, are owned by Rockefeller. It makes more sense for this monstrously dangerous technology, if used at all, to be strictly government-owned and controlled. Russian proverb: "When money speaks, the truth is silent." But Chernobyl was government-run, right? The Soviet government was desperate and and corrupt, not a good counter-argument for the idea of good government doing things right. Good government is possible. Why has the U.S. government been so irresponsible?

Because WE HAVE NO GOVERNMENT in the sense of "by and for the people," or very little of it. Chavez is right: sham democracy. "Our government" has been captured by "high-finance" - and is by and for the obscenely rich - who shouldn't exist as such at all, not in a decent society. I finger that as the root cause. Short of government ownership would be extremely strict regulation. There are advantages to authoritarian regimes. All of these arguments apply to the TBTF financial "industry" too, which needs to nationalized since it is nothing but a parasitical detriment.


Andre
02 Apr 11, 01:13
$ > human life

When it comes to nuclear power, the first priority should be safety. Cost-saving has no place in a nuclear power plant. But tell that to Tepco's directors... By the way, why aren't they in jail yet?...

As everybody has learned in the past few weeks, the main safety issue in a nuclear power plant is cooling, both of the core and of the spent fuel storage. That's not rocket science, it's just plumbing.

You need to have not one cooling system, but 3 redundant separate cooling systems. That sounds very expensive, and it is. But you do not want to take any chances.

Or do you?? If you're an executive in that power plant, and your bonus depends on how much $ you can save the company this year, maybe you would like to take chances. After all, when the plutonium hits the fan, you can just use all that bonus money to move yourself and your family to another continent, preferably on the other side of the earth, and let your employees die trying to stop the inevitable complete meltdown.

There is no responsibility. No one will spend time in jail for this. Nobody with any authority really cares. If anyone does, they can always be bought. Money talks. People will die. The media says it's all a big tragedy.


Post Comment

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

6 Critical Money Making Rules