Europe’s energy commissioner Guenther Oettinger dubbed the nuclear disaster an “apocalypse”, saying Tokyo had almost lost control of events at the Fukushima power plant.
Explosions and a fire at Japan’s quake-hit nuclear plant have unleashed dangerous levels of radiation, sparking a collapse on the stock market and panic-buying in supermarkets.
Tokyo stocks, punished on Monday in a frantic sell-off that sent indexes around the world sliding, plummeted another 14 per cent before paring some losses and ending 10.55 per cent down. European and US stocks also fell sharply.
In towns and cities, fearful citizens stripped shelves of food and water, prompting the government to warn that panic-buying could hurt its ability to provide aid to areas devastated by Friday’s massive quake and tsunami.
But scared Tokyo residents filled outbound trains and rushed to shops to stock up on face masks and emergency supplies amid heightening fears of radiation headed their way. Source (1) Brisbane Times
Will this end nuclear?
It seems easy to slam nuclear energy especially after seeing what is happening in Japan. Unfortunately, the reality is that nuclear energy is one of the only power generation methods available that can reliably provide the power that is demanded. Clean burning coal is another, but President Obama promised to bankrupt that industry prior to being elected.
Three separate internal confidential memos from Mobil, Chevron and Texaco have been obtained by The Foundation for Taxpayer and Consumer Rights.
The Myth of Peak Oil and Attempt to destroy coal and nuclear industries
These memos outline a deliberate agenda to gouge prices and create artificial scarcity by limiting capacities of and outright closing oil refineries. This was a nationwide lobbying effort led by the American Petroleum Institute to encourage refineries to do this.
An internal Chevron memo states; “A senior energy analyst at the recent API convention warned that if the US petroleum industry doesn’t reduce its refining capacity it will never see any substantial increase in refinery margins.”
The Memos make clear that blockages in refining capacity and opening new refineries did not come from environmental organizations, as the oil industry claimed, but via a deliberate policy of limitation and price gouging at the behest of the oil industry itself.
Alternative or Nuclear?
Sure, there are alternative clean energy sources, which many are highly supportive of, but don’t believe they will ever become a primary energy source. People see them more as regionally complimentary to the power grid.
15-25 years ago, we would have to admit, many were against nuclear power. They felt the risks were too high, especially when it comes to storing the spent fuel cells – which are still highly radioactive and will still be so after centuries. At the time, we were not considering greenhouse gasses. We were looking more at other environmental issues, like acid rain, and other forms of pollution. Now we have global warming hoax.
The current talk from governments to re-evaluate nuclear energy is more of a PR exercise. They know full well that there are not many other alternatives.
One good thing will come out of this sad situation is that nuclear installation will re-evaluate their installations and I’m sure future installations will be modified to consider events like those that occurred in Japan. There will be stricter guide lines and regulations which will make this industry even safer.
Let’s look at the realities of Japan: 130 million people on an island 3/4’s the size of Baffin Island (can anyone in a small country like Canada really understand that?) They cannot rely on green power, if they went with coal the environmentalists would have been slamming them. Out of any culture in the world, they know the implications of Nuclear power.
Japan and others will still keep moving forward with it, and i believe will push forward with new technology. Do you think that developing economies (China, India, Vietnam will stop building? No, they want power for there countries so they too can create reach a point in their culture where members of the public can comment and create anti everything groups)
This is a 40 year plant, that was hit with a natural disaster, we just had a man-made disaster on an oil rig, but seem to have moved forward with more off shore drilling?
Coal gives off radiation through it’s fly ash; look it up and research to see that some companies are even looking to try to remove the Uranium from the fly ash to use in reactors.