Saturday, March 19, 2011

Saturday Evening EDT/ Sunday Morning Japan Time 
Fukushima Daiichi Nuclear Disaster Update

Is The World Running Out of Uranium?
One Can Only Hope
The world's civilian uranium supply may be sparser than the world's petroleum supply. MIT's Technology Review reported in November of 2009 that uranium stocks will run out in 2013, citing a report by Michael Dittmar of the Swiss Federal Institute of Technology in Zurich. The nuclear industry has disputed the pessimistic report, but not the fact that the supply of uranium is limited in the world. More optimistic estimates predict the shortfall for 2035.
The problems in Japan have spooked traders who have shorted the price of uranium from $73 dollars a pound to under $50 since the earthquake put the Achilles Heel of the nuclear industry on display.
Earlier reports that food products from the Fukushima prefect would be withheld from sale have been attributed to a mistranslation. It is now being said that these products are being considered for removal from the marketplace.

Worse Than Originally Presented
The New York Times reported that although Japan has raised the nuclear danger level associated with the Fukushima Daiishi plants to a 5 level, the consensus among experts is that it should be a 6 since it is a more severe situation than Three Mile Island.
The New York Times also reports that there is speculation that TEPCO officials delayed the pumping of seawater into the afflicted plants because that action would mean the reactors would have to be permanently shut down. The Times quoted a Wall Street Journal article that said TEPCO executives delayed the pumping of seawater into the reactors until the Prime Minister of Japan ordered it after the first hydrogen explosion.  Former TEPCO executive Akira Omoto was quoted as saying the company "hesitated because it tried to protect its assets".

Dead and Injured Workers
Five of the Fukushima workers are now reported dead and fifteen injured.
There is no new information to report about the status of the reactors or the spent fuel pools coming from  Japan's new Sunday morning.
We have a new war in the way now.

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