Sunday, 1 July 2012

Japan Nuclear Power Switched Back On


The restart of the nuclear industry in Japan has caused some outrage and complaint however there is very little the Japanese government can do but light the nuclear fires once again. The impact on the Japanese economy of not returning to atomic energy would be disastrous and Japan does not yet have enough alternate infrastructure in place to field a viable alternative in their power sector. This is not to say that there could not be a non-atomic energy future but to say that at this time and moment the cost of not getting atomic generation going again would impact on the living standards of every Japanese household, business and industry. Whilst there is criticism of the industry it is often without valid context.

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If the reactor had been in the UK when such a catastrophic earthquake and tsunami had struck then we would all now be looking at the hole in the ground where Britain used to be. The fact is that the Japanese atomic facility designs have to be the best in the world when it comes to accounting for the potential impact of natural disasters. What is overlooked is that the event of March 11th 2011 was the largest ever recorded earthquake which actually shifted the whole of planet earth off of its axis by measurable degrees. The tsunami that followed was a "once in a thousand year" event and the previous one was not exactly well documented. That Fukishima actually survived structurally, even though fatally damaged, was astounding.

That engineers actually planned such a facility on the coast of a country with a history of tsunami without taking into account site integrity in event of a big wave was culpable stupidity. However, the real blame lies with the politicians and senior director level management, all of whom should have had the short knives out in a private room months ago. Their stupidity and criminal incompetence does not alter the fact that Japan needs atomic energy to survive, the islands of Japan have little choice in that strategy and to deny it now is inappropriate.

Having said this, the protesters would be well served to not protest about the atomic facilities starting up again but protest about the lack of a national plan to replace them with other energy sources and provide a future where they would no longer be necessary. The problem for the protesters is that too many men have their fingers in the atomic pie and whilst their wallets are kept fat they have no incentive to seek another energy strategy.

In the meantime if any of you want to buy gold or silver rather than leave your money in collapsing currencies and negative interest rate bank accounts then here is where you do it: Saving in Gold Alternatively  you could simply believe what the politicians, bankers and economists are telling you, after all we all have to believe in something!

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