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A second reactor at the Fukushima Daiichi nuclear plant in Japan may have ruptured. Plans to douse the reactors with water via helicopter had to be abandoned. Radiation levels are apparently too high.
“The nuclear renaissance is dead,” concludes Chris Mayer in his essay “Japan’s ‘Three Mile Island’”, after several days of deliberation that began early on Saturday at JFK airport in New York, where we heard news of the first explosions.
[Read more...]Nuclear will give you, by far, the most energy for your money right now.
The best way to view this issue is in terms of what physicists call ‘energy density.' That is, let's measure the amount of energy stored in a given volume or mass of a certain substance or material.
Below is a table that I put together expressing the energy density of an array of materials in terms of megajoules of energy per kilogram. A megajoule – MJ – is 1 million joules, or approximately the kinetic energy of a 1-ton vehicle moving at 160 km/h (100 mph). The point is to show that if something has a high energy density, then less physical material will release the same amount of energy:
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Looking at Uranium…Again
Uranium is still a “Buy”…maybe now more than ever.
The disaster in Japan slammed the uranium sector…and it still has not recovered. But this washout looks like a buying opportunity, as long as you’re not in a hurry to make a big gain.
I won’t go into the Japan-specific details, but for our purposes, it’s a safe bet that the Japan disaster means that we may not see a large-scale “nuclear renaissance” during the next generation.
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