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Obama to make further cuts in nuclear weapons

White House considers nuclear-arms cuts, Philly.com, By Robert Burns 3 July 12 WASHINGTON – The Obama administration is moving toward decisions that would further cut the number of U.S. nuclear weapons, possibly to between 1,000 and 1,100, reflecting new thinking on the role of nuclear weapons in an age of terror, current and former officials say.
The reductions under consideration are in line with President Obama’s vision of trimming the nation’s nuclear arsenal without harming national security in the short term, and in the longer term, eliminating nuclear weapons.

The White House has yet to announce any plan for reducing the number of nuclear weapons, beyond commitments made in the recently completed New Start treaty with Russia, which obliges both countries to reduce their number of deployed long-range nuclear warheads to no more than 1,550 by 2018. As of March 1, Russia had dropped its total to 1,492
and the U.S. stood at 1,737……http://www.philly.com/philly/news/nation_world/161304925.html

July 5, 2012 Posted by | USA, weapons and war | Leave a comment

Belgium to shut down 2 nuclear power plants

Two Nuclear Plants To Shut in Belgium as Part of Energy Overhaul – Report, Fox News,  July 04, 2012 Dow Jones Newswires,  Belgium is poised to shut down two of its nuclear power plants and prolong the lifespan of a third reactor as part of a major shake-up of the country’s energy sector.
According to Belgian media, two reactors, Doel 1 and Doel 2, will be shut down in April 2016. A third plant, Tihange, will be overhauled as of 2015 and kept running until 2025 in order to secure the country’s electricity supplies.  http://www.foxbusiness.com/news/2012/07/04/two-nuclear-plants-to-shut-in-belgium-as-part-energy-overhaul-report/#ixzz1zjY0NSYN

July 5, 2012 Posted by | business and costs, EUROPE | Leave a comment

Uranium market stays slumped

Gap Grows Between Uranium Buyers and Sellers, 9 News 4 July 12, A slow week last week ended what was a slow month for uranium trading. Spot prices barely budged on the 15 transactions reported in June by industry consultant TradeTech, with sellers unwilling to drop their prices and buyers not willing to pay more.

With traders comprising the vast majority of both buyers and sellers in the bulk of the transactions reported over the past several months, TradeTech notes the spot uranium price remains stuck between the lack of committed buyers and what are fairly unmotivated sellers at current levels.

Last week’s news that Japan had officially green-lighted the restart of two reactors did see a bit of renewed optimism in the market, but what seems to be an increasingly stubborn spot uranium market remained sluggish, with the announcement yet to produce any sort of uplift in prices.

July 5, 2012 Posted by | 2 WORLD, business and costs, Uranium | Leave a comment

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