Australia will get nuclear power, top nuclear scientist confident
“We will learn from the tragic Japanese experience how to build more robust reactors, how to ensure multiple layers of protection work properly, how to better contain radioactive gases.” – Ziggy
Ziggy Switkowski, nuclear physicist, and chief of Australian Nuclear Science and Technology Organisation, is confident that there will be only a short term halt in the nuclear renaissance.
Ziggy’s been explaining on Australian TV (Channel 10 News 14/3/11) and print media (THE AUSTRALIAN, 14/3/11), how Australia doesn’t need to worry about earthquakes and nuclear power, and does need nuclear energy. Indeed, Ziggy looks forward to the boost that nuclear power development will get, from studying the defects in the Japanese nuclear reactors. In this way, the nuclear renaissance will thrive again. Though I dunno that it was thriving even before the Japan disaster, now that I come to think of it. – Christina Macpherson
Nuclear industry at a standstill: this could be the end
“The nuclear renaissance was on the rocks in any case,” said Peter Bradford, a former commissioner on the U.S. Nuclear Regulatory Commission. He served on the commission in 1979 during the Three Mile Island accident in the U.S. state of Pennsylvania.
Senator Joe Lieberman, who chairs the U.S. Senate’s homeland security panel, said on Sunday the United States should “put the brakes on” new nuclear power plants until the impact of the incident in Japan became clear.
Analysis: Nuclear renaissance could fizzle after Japan quake
(Reuters) 14 March 11, – Japan‘s battle to avert a full-scale meltdown could damage the global nuclear energy industry, derailing plans to build dozens of new power plants and forestalling any surge in demand for uranium to fuel them. Continue reading
Uranium stocks in meltdown
Uranium stocks dumped after Japan crisis
http://news.ninemsn.com.au/article.aspx?id=8223706
Uranium miners hit by nuclear crisis | Japan
Nuclear Energy Institute confident that Japan explosion will ‘reassure’ Americans
All told, the industry expects up to eight new reactors to be churning out power by 2020, according to Mitch Singer, a spokesman for the Nuclear Energy Institute, an industry trade group.
Mr. Singer said he doesn’t think the accident in Japan will derail the U.S. nuclear boom. In fact, he said the explosion should reassure Americans that their own plants will be prepared for any emergency, because the industry will disseminate lessons learned in Japan around the globe, helping other reactors shore up their defenses against even devastating natural disasters, like the quake and the tsunami that followed.
“At this point,” Mr. Singer said, “I don’t think we’re going to see a major impact on the U.S. nuclear industry.”…. – WSJ.com By STEPHANIE SIMON, 13 March 11,.
Nuclear ‘renaissance’ losing its gloss in USA
Even before the explosion in Japan, economic reality had taken a bite out of the nuclear industry’s ambitious expansion plans in the U.S.
Natural gas has been so cheap that utilities have turned to it to generate electricity, rather than contemplate building multi-billion-dollar reactors. The recession has also dampened demand for electrical power, further diminishing the appeal of a massive investment in nuclear facilities….
Japan Nuclear Crisis Could Cause Reassessment in U.S. – WSJ.com By STEPHANIE SIMON, 13 March 11, The U.S. nuclear power industry believed it was poised for a renaissance. Continue reading
Who will pay for the Japanese nuclear damage? Not Insurance!
Insurance policies often exclude certain factors from coverage….exclusions on earthquake damage in the property insurance for reactors and exclusions on nuclear damage for homeowners’ insurance policies…..What remains is likely to be an international liability pool, where reactor operators insure each other against claims in situations like this one. How deep that liability extends is unknown, however — Japan is not a party to major international conventions limiting the nuclear liability of operators.
Insurance industry likely spared Japan nuclear threat | Reuters, 13 March 11, “……….most experts agree the growing threat of disaster from damaged nuclear reactors is unlikely to have much effect on the mainstream insurance business because of the way insurance for the nuclear power industry is structured. Continue reading
Rising revenues from renewable energy in USA
In 2015, the report asserts that projections will grow to US$87.3bn, capturing 21.8pc with a 7.7pc compound annual growth rate (CAGR) for revenues from renewable electricity generation…..
2010 revenues generated by renewable energy – US$60.2bn in the US, siliconrepublic.com, Carmel Doyle, 10 March 11, “…..With renewable energy projected to increase by 40.4pc between now and 2015 in the US, Continue reading
Nuclear company Exelon’s CEO says – No subsidies for new nuclear
Germany’s tax on nuclear plants biting into E.ON’s profit
E.ON Says 2011 Profit May Fall 32% on New Tax, Power Prices – Bloomberg, 9 March 11, The world’s largest utility by sales, said profit may fall as much as 32 percent this year after the German government imposed a new tax on its nuclear plants and on reduced earnings from selling power and gas.Adjusted net income, which E.ON uses to calculate its dividend, will slip to 3.3 billion euros ($4.59 billion) to 4 billion euros in 2011 from 4.88 billion euros last year, the Dusseldorf-based company said today. Adjusted earnings before interest, tax, depreciation and amortization will drop to 11.2 billion euros to 11.9 billion euros this year from 13.3 billion euros in 2010, the company said……
Bad timing for Australia to decide to sell uranium to Middle East
“It’s very poor judgement and poor timing to be proposing to sell this material into the Middle East when tensions are running so high,” said Scott Ludlam, an Australia senator for the Greens, a party affiliated with the government’s minority administration and set to hold the balance of power in the country’s top legislature from July 1. Mr. Ludlam said he wants the government to publish a list of the countries Australia won’t supply with uranium……….
Australia Eyes U.A.E. Uranium Talks, WSJ.com, Edna Curran, 9 March 11, “…..Bilateral talks between the countries will focus on nuclear safeguards and the use of nuclear fuel for Abu Dhabi’s civilian power program due to be ready by 2017, according to a statement by the Australian government……… Continue reading
Price dive for Uranium One’s product
Uranium One has year-end loss The Calgary Herald March 8, 2011 . Uranium One Inc. reported a fourth-quarter loss of $148.2 million on Tuesday, compared with a profit of $179.6 million in the same period a year earlier. It said the loss was due to a series of one-time expenses.
The company, based in Vancouver and Johannesburg, said the loss amounted to 24 cents a share, compared with a profit of 38 cents a share during the fourth quarter of 2009…….
5 to 9 percent drop in uranium price is expected
In analysis prepared for the department concluded that the average spot price for uranium could fall 4.9 to 8.9 percent during the period from the November 30, 2010
U.S. Energy Dept to sell surplus uranium Mar 3, 2011 WASHINGTON (Reuters), by Tom Doggett – The U.S. Energy Department plans to sell 2,000 tonnes of surplus uranium annually 2011-2013, which could push spot prices lower over the next three years…. Continue reading
South Africa gives desperate France a chance to save its nuclear business
“South Africa is an indispensable lifeline,” Yves Marignac, a French energy consultant who campaigns for renewable solutions, told FRANCE 24. “It seems to be the only country seriously willing to put out a tender [for the construction of nuclear reactors] next year, so the only one that can salvage the little credibility that France as an exporter still has.”
France creeps closer to South Africa’s nuclear jackpot, France24 by Sophie PILGRIM 3 March 11, Long-time energy partners France and South Africa signed a series of bilateral agreements Wednesday on President Jacob Zuma’s final day of his state visit to Paris. The deals, which involve energy giants Areva and EDF, come just before South Africa is set to expand its nuclear programme. Continue reading
France’s Sarkozy aggressively marketing nuclear power
French President Nicolas Sarkozy has been especially aggressive in leveraging the French lead in civilian nuclear technology to try to secure diplomatic, commercial and military advantages in the Middle East, in addition to parts of Africa and Asia.
Nuclear Babies and Bathwater , The Diplomat, by Manpreeth Sethi, 3 March 2011, “……..It’s no secret that with the current global nuclear renaissance, France hopes to seize a significant share of the world nuclear market—including from major Asian nuclear energy rivals such as South Korea Continue reading
Uranium price to fall as USA sells its surplus
In analysis prepared for the department concluded that the average spot price for uranium could fall 4.9 to 8.9 percent during the period from the November 30, 2010
U.S. Energy Dept to sell surplus uranium Mar 3, 2011 WASHINGTON (Reuters), by Tom Doggett – The U.S. Energy Department plans to sell 2,000 tonnes of surplus uranium annually 2011-2013, which could push spot prices lower over the next three years…. Continue reading
1 This Month
PLEASE OPPOSE HR 8255 AND S.3639 – bills would accelerate satellite deployment, with no environmental review or safeguards – https://ncstd5li.quorum.us/campaign/169331/
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