Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Stock Maket Trading Lesson - How to REALLY Trade Markets - 26th Nov 21
SILVER Price Trend Analysis - 26th Nov 21
Federal Reserve Asks Americans to Eat Soy “Meat” for Thanksgiving - 26th Nov 21
Is the S&P 500 Topping or Just Consolidating? - 26th Nov 21
Is a Bigger Drop in Gold Price Just Around the Corner? - 26th Nov 21
Financial Stocks ETF Sector XLF Pullback Sets Up A New $43.60 Upside Target - 26th Nov 21
A Couple of Things to Think About Before Buying Shares - 25th Nov 21
UK Best Fixed Rate Tariff Deal is to NOT FIX Gas and Electric Energy Tariffs During Winter 2021-22 - 25th Nov 21
Stock Market Begins it's Year End Seasonal Santa Rally - 24th Nov 21
How Silver Can Conquer $50+ in 2022 - 24th Nov 21
Stock Market Betting on Hawkish Fed - 24th Nov 21
Stock Market Elliott Wave Trend Forecast - 24th Nov 21
Your once-a-year All-Access Financial Markets Analysis Pass - 24th Nov 21
Did Zillow’s $300 million flop prove me wrong? - 24th Nov 21
Now Malaysian Drivers Renew Their Kurnia Car Insurance Online With Fincrew.my - 24th Nov 21
Gold / Silver Ratio - 23rd Nov 21
Stock Market Sentiment Speaks: Can We Get To 5500SPX In 2022? But 4440SPX Comes First - 23rd Nov 21
A Month-to-month breakdown of how Much Money Individuals are Spending on Stocks - 23rd Nov 21
S&P 500: Rallying Tech Stocks vs. Plummeting Oil Stocks - 23rd Nov 21
Like the Latest Bond Flick, the US Dollar Has No Time to Die - 23rd Nov 21
Why BITCOIN NEW ALL TIME HIGH Changes EVERYTHING! - 22nd Nov 21
Cannabis ETF MJ Basing & Volatility Patterns - 22nd Nov 21
The Most Important Lesson Learned from this COVID Pandemic - 22nd Nov 21
Dow Stock Market Trend Analysis - 22nd Nov 21
UK Covid-19 Booster Jabs Moderna, Pfizer Are They Worth the Risk of Side effects, Illness? - 22nd Nov 21
US Dollar vs Yields vs Stock Market Trends - 20th Nov 21
Inflation Risk: Milton Friedman Would Buy Gold Right Now - 20th Nov 21
How to Determine if It’s Time for You to Outsource Your Packaging Requirements to a Contract Packer - 20th Nov 21
2 easy ways to play Facebook’s Metaverse Spending Spree - 20th Nov 21
Stock Market Margin Debt WARNING! - 19th Nov 21
Gold Mid-Tier Stocks Q3’21 Fundamentals - 19th Nov 21
Protect Your Wealth From PERMANENT Transitory Inflation - 19th Nov 21
Investors Expect High Inflation. Golden Inquisition Ahead? - 19th Nov 21
Will the Senate Confirm a Marxist to Oversee the U.S. Currency System? - 19th Nov 21
When Even Stock Market Bears Act Bullishly (What It May Mean) - 19th Nov 21
Chinese People do NOT Eat Dogs Newspeak - 18th Nov 21
CHINOBLE! Evergrande Reality Exposes China Fiction! - 18th Nov 21
Kondratieff Full-Season Stock Market Sector Rotation - 18th Nov 21
What Stock Market Trends Will Drive Through To 2022? - 18th Nov 21
How to Jump Start Your Motherboard Without a Power Button With Just a Screwdriver - 18th Nov 21
Bitcoin & Ethereum 2021 Trend - 18th Nov 21
FREE TRADE How to Get 2 FREE SHARES Fractional Investing Platform and ISA Specs - 18th Nov 21
Inflation Ain’t Transitory – But the Fed’s Credibility Is - 18th Nov 21
The real reason Facebook just went “all in” on the metaverse - 18th Nov 21
Biden Signs a Bill to Revive Infrastructure… and Gold! - 18th Nov 21
Silver vs US Dollar - 17th Nov 21
Silver Supply and Demand Balance - 17th Nov 21
Sentiment Speaks: This Stock Market Makes Absolutely No Sense - 17th Nov 21
Biden Spending to Build Back Stagflation - 17th Nov 21
Meshing Cryptocurrency Wealth Generation With Global Fiat Money Demise - 17th Nov 21
Dow Stock Market Trend Forecast Into Mid 2022 - 16th Nov 21
Stock Market Minor Cycle Correcting - 16th Nov 21
The INFLATION MEGA-TREND - Ripples of Deflation on an Ocean of Inflation! - 16th Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Collapse Of The Nuclear Empire, Double Or Quits For Nuclear Business

Commodities / Nuclear Power Jun 26, 2011 - 12:37 PM GMT

By: Andrew_McKillop

Commodities

Best Financial Markets Analysis ArticleLEAD IN ITS WINGS
Unlike the Chernobyl catastrophe of 1986 which was easy to shrug off as a faraway Soviet disaster with only "minor fallout impacts", by political deciders and government-friendly media in the most extremely nuclear-committed Western democracies, especially France, the March 2011 Fukushima disaster is a paradigm changer. Germany and Switzerland now have official plans to exit and abandon nuclear power within 10 years; Italy voted 95 percent against a restart of its nuclear programme, already abandoned by a previous national referendum in 1987. Japanese opinion polls presently show that as many as 75 percent of Japanese want to exit nuclear power.


Rearguard action by the most-entrenched nuclear elites and their tame media, notably in France try to present Germany's May 30th official announcement of its nuclear exist strategy as not only "irrational" but "treachery" in the sacred task of fighting climate change. This mission, which no longer persuades or motivates the majority of citizens in most countries due to its junk-science background, has itself slipped down the list of claims used by nuclear elites to justify their high cost and extreme high risk business. Due to Fukushima, the nuclear industry has re-centered its propaganda on the supposed "energy independence" conferred by the atom in a desperate quest to maintain sales.

LOST AND GONE
The sheer arrogance of claims by remaining nuclear diehards in France, the USA, UK and a very few other countries likely results from Herd Fear in the state-protected and subsidy-swilling nuclear sector that they have lost their gamble: the general public was not stupid enough, long enough to swallow their poison pill. The more extreme nuclear elites, concentrated in France have even worked the theme, in their tame media outlets that not loving nuclear power is an irrational mass fear, proven by anti-nuclear protest marches in Germany with a "semi-fascist" flavour, like Nazi mass rallies of the 1930s.

The basic problem for the molly-coddled and secretive nuclear elites and their paid apologists is they have now lost almost all and any market potential for their dangerous and unreliable wares in OECD countries and Western democracies. Wherever there is democracy, making nuclear power stick is difficult - because in democracies and from time to time, public opinion triumphs. Their only market strategy to gouge sales is now to focus the emerging and developing countries, where more "virile and muscular" political and corporate elites, or plain old dictators and absolute monarchs will soldier along with the so-called only solution of nuclear power. Until of course they experience their own nuclear disasters and spread toxic radiation and cancer death to neighbouring countries, and the world.

Probable or possible new entrant countries to nuclear power in the 2010-2020 period include lurid cases where nuclear catastrophe would be almost certain, if they went ahead. Proudly announced by nuclear boomers and promoters led by the World Nuclear Association (WNA - formerly called The Uranium Institute) these candidate countries include Kazakhstan, Mongolia, South Africa, Sudan, Nigeria, Ghana, Vietnam, Singapore, Thailand, Malaysia, Bangladesh, Philippines, Indonesia, Venezuela, Poland and others.  Arab world nuclear power buyers already include the three Gulf Cooperation Council petromonarchies Saudi Arabia, UAE and Kuwait. Elsewhere in the Middle East and North African (MENA) region, probable or possible candidate countries - until the start of the Arab spring revolt - included Jordan, Egypt, Libya and Algeria. WNA web sites do not tell us what happens to large sized power reactors when one or other of these countries melts down in civil war - but reactor meltdown is a very sure or almost certain likely spinoff.

DR STRANGELOVE DREAMS ON
The geopolitical risks and dangers of this "nuclear wishlist" dating from as recently as late 2010, can be rapidly glimpsed by simply striking out the countries, in this list, which are now in the "impossible" category. Put another way, we could play with the idea of how the Libyan civil war would be playing  out today, if Gaddafi's Libya had purchased and built a French-supplied Fukushima-sized nuclear reactor. We can also try that idea for Sudan, now in the process of breaking apart into two countries, with rising risks of this triggering a bitter and possibly long civil war, able to spill over to neighboring Somalia and possibly Egypt and other neighbor countries.

The three GCC petromonarchies with autocratic and anti-democratic regimes surely have all the petrodollars needed to buy large-sized multi-reactor nuclear complexes - supposedly 16 in the case of Saudi Arabia - like Colonel Gaddafi had. Their apparent stability is however just that: apparent. Saudi troops, at this time, continue to gun down and beat to death unarmed democracy protestors in Bahrain, while Kuwait hangs them in public. This war criminal behavioururur is no different from the action by thugs and killers "defending" Bachr al Assad's police state regime in Syria or Saleh's corrupt and despotic regime in Yemen.

In the Gulf region, it is more than an open secret that Saudi interests in nuclear power extend far beyond producing electricity or desalinating water - and feature its rivalry with nuclear Iran. If not able to make weapons using civil nuclear power technology and radioactive materials, Saudi Arabia will at least have the "comfort" of a dissuasive and massive Dirty Bomb stationed inside its borders. The same reasoning is attributed to Kuwaiti and Emirati leaders, also menaced by Iran's political expansion as the USA and its European allies abandon their criminal war in Afghanistan and tiptoe away from the Middle East at accelerating speed.

Egypt's Hosni Mubarak had to count on other financing sources, than petrodollars, for his nuclear pipedreams, suspected by many observers as a disguised weapons programme to rival Israel's "secret" nuclear weapons. Similar arguments apply to Jordan. Other "wishlist countries" and "wishlist engineering projects" for the world's now fragile and destabilized nuclear and corporate elites - concentrated only in the big-5 supplier countries USA, France, Japan, South Korea and UK - will create risks that if anything are yet more massive for global environmental, economic and military security.

The frenetic attempt by the nuclear cancer-and-weapons industry to keep itself alive, when it has no remaining credibility and is rejected wherever and whenever people can vote against it, very likely explains the grotesque security risks this secretive and corrupting industry is prepared to have us all run. Not content with ruining the present day it seeks to do that for long decades into the future - even long after this sick and useless industry bites the dust, proving its entire irresponsibility.

DR STRANGELOVE KEEPS MINING
Burrowing frenetically for its depleting fossil fuel - uranium - the supposed "green and clean" nuclear industry creates massive environmental damage anywhere it can produce its fuel. To be sure this especially focuses low wage nations in Africa and Central Asia, with corrupt and usually dictatorial governments, and zero concern for miners' safety or the environment. Grovelling in poverty, untrained and flimsily protected miners work in uranium dust to supply the "clean green fuel" for middle class consumers of the nuclear nations - so hypocritically anxious and falsely concerned about the environment and climate, at weekends and leisure moments.

In the majority of cases, reactor building projects include an obligation for the construction companies to supply start-up fuel, and downstream fuel needs for a certain time ahead. Uranium production, stocks, supply and pricing are therefore a key part of the nuclear industry strategy to keep supplying their dirty and dangerous wares, pollute the planet with radiation and with chemically toxic wastes, and corrupt the governments of any and all participating players.

Despite the frenzy of mining projects, world reactor fuel demand at about 65 000 tons a year far outstrips mine output of about 55 000 tons a year: we could play with the question of what price oil traders would bid up the barrel price, if world oil supply was 20 percent less than demand ! Showing the nuclear industry is a fake, this permanent supply shortage has no real impact on uranium prices and is claimed to be made-up and covered by a range of Strangelove Fuels. These include MOX fuel, almost exclusively produced by France's Areva, which mixes and mingles plutonium and other ultra-dangerous residues and wastes, with uranium tailings and wastes, to "stretch" the supply, and turn a buck. Other hyper-dangerous fixes include the US-Russian Megatons to Megawatts program for recycling weapons-grade nuclear materials from surplus A-bombs, mix it with wastes, and produce a dangerous and vastly toxic reactor fuel, similar to MOX.

This does not cover the gap in supply, and in Kazakhstan, Canada, Australia, Niger and Namibia uranium mine expansion, upgrading, and development programs, is under way - at high cost. Exploration and development activity focuses a range of "exotic" countries, mostly in Africa. In most cases these are large scale high cost operations with long lead times, before supply starts. Consequently, because this is the nuclear industry and corruption-based, many of these projects are fragile corporate finance strategies that can or may collapse overnight - or in the case of exploration and development, never go beyond the stage of paper concessions on maps waved in front of financial players.

END OF EMPIRE
The corrupt and corrupting nuclear elites are part and parcel of the political-corporate kleptocracy that through its own fault, greed and incompetence has created the endless finance and debt crisis we have today. Nuclear power can only fall, with the kleptocracy that protects it, but before doing so it is likely we will need further nuclear disasters - called "accidents" by corporate-controlled world media.

These disasters can be caused by human error, ageing plant and equipment, sabotage and terrorist attack on nuclear installations, cyber attack on plant control and cooling systems, theft and utilisation of nuclear wastes to make dirty bombs, and natural disasters such as flood, drought, temperature extremes, volcanoes and earthquakes. The nuclear industry has full knowledge of the extreme risks it forces all persons to accept, by default and with the protection of corrupt political and corporate leaderships.
Of one thing we could be hopeful: the next nuclear disaster will seal the fate of this sick and dangerous industry whose disaster risks are so high no insurer, anywhere, will provide full cover. Public reaction and response to the next disaster will almost certainly be far more muscular than the present - and mounting - determination of responsible citizens and action groups in all countries, to remove this permanent threat to human society and the environment - before it is too late.

Public action will by necessity have to engage long-term and high cost action to fully neutralize the nuclear menace. This in turn will need permanent and powerful agencies charged with the task of dismantling and decommissioning reactors and safely disposing of all nuclear materials, due to the certainty that current-generation nuclear business players will merely declare themselves bankrupt, offer "sincere apologies" in government-friendly media, and try to disappear from the scene. These players - that is criminals - will need to be pursued, placed on trial and punished in the same way as any other high level and dangerous criminal organizations.

By Andrew McKillop

Contact: xtran9@gmail.com

Former chief policy analyst, Division A Policy, DG XVII Energy, European Commission. Andrew McKillop Biographic Highlights

Andrew McKillop has more than 30 years experience in the energy, economic and finance domains. Trained at London UK’s University College, he has had specially long experience of energy policy, project administration and the development and financing of alternate energy. This included his role of in-house Expert on Policy and Programming at the DG XVII-Energy of the European Commission, Director of Information of the OAPEC technology transfer subsidiary, AREC and researcher for UN agencies including the ILO.

© 2011 Copyright Andrew McKillop - 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.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

H B
27 Jun 11, 11:41
civilian nuclear power industry

It is encouraging to come across such a solid and clearly stated expose of the fraudulent and utterly false promise of the entire concept of civilian nuclear power industry. May there are at least be a few people in positions of influence that share you opinion and are waking up today willing to speak out as you have.


Post Comment

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