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Wednesday, August 14, 2013

#JAPAN - Radiation Leaks Escalate - Markets Nervous?

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A protester calls for measures to contain contaminated water at the Fukushima No. 1 nuclear power plant during a demonstration in front of the prime minister's office on 2 August 2013. Photo: Satoru Ogawa / Asahi Shimbun

Stop the Nukes?

Continuing to keep an eye on this radioactive hot spot as it has significant implications on just about everything; including the Japanese money markets, economy, currency and world energy prices.  

Should pressure from this growing public concern force Japan's return to fossil fuels, then it should add further to global oil demand, moving prices much higher. What is really more concerning are the effects of this radiation on living and environmental conditions. Is there a possibility of turning parts of Japan into a giant nuclear wasteland? Remember too, the same folks trying to fix this problem were the ones who caused it! Einstein did not think that this was a good idea.

Lets not also forget that this will dampen interest in nuclear power, as an alternative to fossil fuel, around the world. Not good for an industry that is already struggling with slowing demand. But a positive change for fish stocks and those who depend on them for survival.

Meanwhile, do you ever wonder about the intelligence of our species?

"Jack, let's build a nuclear reactor?"

"Where Steve?"

"How's about by the ocean near lots of people and fish that sits on a fault line exposed to large tidal waves?"

"Are you sure Steve?"

"Certainly - it is the most economically viable choice"

Now imagine that some form of this line of simple reasoning actually occurred. Worse. It will probably happen again. 

Dr Peter G Kinesa
August 14, 2013

Remaining Fukushima Fish demand  vote?

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