Archive for the 'Energy' Category
Natural Gas Futures Surge Most in Eight Months on Storage Drop
March 17th, 2011WARNING: This is not a recommendation to buy, sell, or hold any financial instrument. ๐ Via: Bloomberg: Natural gas futures rose the most in eight months after a government report showed a bigger-than- forecast U.S. stockpiles decline. Gas posted its biggest percentage gain since July 15 after the Energy Department said inventories fell 56 billion […]
China Suspends ‘Approval’ of Nuclear Power Plants
March 17th, 2011Via: BBC: China has suspended approval for new nuclear power stations following the accident at Japan’s Fukushima Daiichi plant. It will also carry out checks at existing reactors and those under construction. China is currently building 27 new reactors – about 40% of the total number being built around the world. The news comes as […]
Physicist and Uranium-Industry Analyst at MIT: ‘This Is a Slow-Moving Nightmare’
March 16th, 2011Via: Reuters: Japan’s nuclear crisis appeared to be spinning out of control on Wednesday after workers withdrew briefly from a stricken power plant because of surging radiation levels and a helicopter failed to drop water on the most troubled reactor. In a sign of desperation, police will try to cool spent nuclear fuel at one […]
Long Natural Gas
March 16th, 2011WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Just disclosing that I’m long natural gas (UNG) as of this morning.
Japan’s Disastrous Nuclear Operators
March 15th, 2011Via: Greg Palast: I need to speak to you, not as a reporter, but in my former capacity as lead investigator in several government nuclear plant fraud and racketeering investigations. I don’t know the law in Japan, so I can’t tell you if Tokyo Electric Power Co (TEPCO) can plead insanity to the homicides about […]
Japan: Electricity Shortages Could Last for Months
March 15th, 2011The electricity generation question is the one Iโm most curious about. How does Japan keep-the-lights-on, so to speak, going forward? —Implications of Japanese Earthquake Via: Reuters: Japan’s earthquake has left a gaping hole in the nation’s power capacity that looks set to last months, threatening to make economic recovery far more feeble than hoped. The […]
Germany Will Halt 25% of Nuclear Capacity for Safety Review
March 15th, 2011Via: Bloomberg: Germany will halt nuclear reactors accounting for 25 percent of its atomic energy capacity as part of a safety review after explosions at reactors in Japan. The country will keep its seven oldest nuclear reactors offline as part of a nationwide safety review to run through June, Chancellor Angela Merkel told reporters in […]
Fire in Spent Fuel Rod Cooling Pool Would Be Worse Than Meltdown
March 15th, 2011Update: Spent Fuel Rods Exposed to Open Air Via: The Journal: THE OPERATOR OF the troubled Fukushima I nuclear power plant in Japan has disclosed that an explosion at reactor 4 this morning โ the cause of a fire in a storage pool for โspentโ fuel this morning โ has caused the rods there to […]
EMERGENCY: ‘HIGH’ LEVEL RADIATION RELEASED AT FUKUSHIMA; WORKERS TOLD TO LEAVE AREA; U.S. MILITARY ASKED FOR HELP; LOW LEVEL RADIOACTIVE WIND ETA 10 HOURS TO TOKYO
March 15th, 2011Shelter-in-Place in a Radiation Emergency Via: Reuters: Japan’s prime minister warned on Tuesday that radioactive levels had become high around an earthquake-stricken nuclear power plant after explosions at two reactors, adding that the risk of more radioactive leakage was rising. Naoto Kan urged people within 30 km (18 miles) of the facility north of Tokyo […]
Japan Has Asked for IAEA Help with Nuclear Emergency
March 14th, 2011Via: Montreal Gazette: Japan has officially asked the UN atomic watchdog to send a team of experts to help in the current nuclear crisis, International Atomic Energy Agency (IAEA) chief Yukiya Amano said Monday. “Today, the government of Japan asked the agency to provide expert missions. We are in discussions with Japan on the details,” […]
