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TEPCO Stock Implodes As Radioactive Iodine In Fukushima Seawater Now 3,355 Above Limit

Tyler Durden's picture




 

Following the full day trading halt yesterday, a soon to be nationalized TEPCO decided to reopen. Instead it should not have passed go and gone straight to prison. The stock crashed 21% from yesterday's closing tick immediately at the open, 35% from Monday's close, and 79% in under three weeks. To all the major holders (which just happen to be Japan's largest insurance companies as disclosed previously) our condolences.

And while TEPCO continues to be the only shining beacon of the complete uncontrolled collapse of the rescue efforts in Fukushima, with global markets now having moved on, here are the latest and greatest headlines out of the worst radioactive disaster since Chernobyl:

  • IODINE IN SEAWATER SOUTH OF PLANT 3355 TIMES LIMIT (highest reading ever announced)
  • SEAWATER SAMPLE TAKEN YESTERDAY AFTERNOON (so by now it is all good)
  • LOW PRESSURE IN REACTOR 2, 3 PRESSURE VESSELS COULD BE SIGN OF LEAKAGE (or it could be a sign that futures are about to surge: nobody knows for sure).

And the latest news from Asahi, which is precisely as we predicted from the very beginning: "giant shrould mulled over Fukushima 1 to cut radiation leak." Now if only here was a shroud for all the radioactive lava and seeping subsoil water radiation...

 

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Tue, 03/29/2011 - 23:09 | 1115581 Spalding_Smailes
Spalding_Smailes's picture

Got rice .... ?

 

 


Japan's radiation spreads in China, but no threat

Low levels of radioactive iodine-131 that have been detected in the air above seven more provinces and cities do not pose a threat to public health, just after southeast and northeast of China, the country's  National Nuclear Safety Administration (NNSA) said on Tuesday.

These areas  are Shandong, Tianjin, Beijing, Hebei, Henan, Shanxi and Ningxia.

NNSA said they will continue to monitor the situation and  determine whether Japan's nuclear leak will affect China.

http://www.ibtimes.com/articles/128280/20110329/japan-s-radiation-china-...

Tue, 03/29/2011 - 23:19 | 1115609 Bleeping Fed
Bleeping Fed's picture

It won't affect China because the Chinese gov. says it won't.

Tue, 03/29/2011 - 23:24 | 1115625 Fish Gone Bad
Fish Gone Bad's picture

It is funny how China thinks that denying the inevitable will make it "not happen".

Tue, 03/29/2011 - 23:31 | 1115650 Number 156
Number 156's picture

It is funny how China thinks that denying the inevitable will make it "not happen".

It seems that Japan thinks that denying the irrefutable will make it go away.

Wed, 03/30/2011 - 02:02 | 1116040 Dadoomsayer
Dadoomsayer's picture

and it would be different here in the US?  We condemmed the Japanese for QE now we do it on a scale that makes Japan look like guppys.  If something similar happened here in the US don't think we wouldn't be doing the exact same thing except on a much larger scale.

Wed, 03/30/2011 - 03:02 | 1116095 Highrev
Highrev's picture

The stock crashed 21% from yesterday's closing tick immediately at the open, 35% from Monday's close, and 79% in under three weeks.

TEPCO just the first.

 

 

 

Wed, 03/30/2011 - 04:55 | 1116149 Popo
Popo's picture

This is probably much worse than it sounds.   Read between the lines:  If they're even considering the "shroud" approach, it means they're basically out of options in the near term.  Even developing the "shroud" will take time.  Enshroudment is a sign that the damaged area probably won't be fixable for quite a while, and this thing is going to keep spewing and spewing.  

All of these measurements they're taking are single-point-in-time measurements.  The real damage of course is cumulative.  When you start multiplying the escaping/emitted radiation times days, weeks and months, is when the really horrific picture emerges.   That's the picture that sees an abandoned Tokyo, 35% of Japan unliveable, and bouts of radioactive rain on the West Coast of the U.S.    Let's hope Japanese engineering skills can build that shroud quickly, or say a big "hello"  (or should I say "herro")  to our new post-apocalyptic sci-fi reality.

 

 

Wed, 03/30/2011 - 06:10 | 1116234 Rusty Shorts
Rusty Shorts's picture

"1.21 jigawatts...GREAT SCOTT!!!!

Wed, 03/30/2011 - 06:31 | 1116247 Das Capitalist
Das Capitalist's picture

This is heavy.

Good thing Doc stole that plutonium from the Libyans.  Otherwise, we might have another nuclear disaster on our hands if an errant cruise missile hit their plutonium depot...

Thu, 03/31/2011 - 01:56 | 1120457 Number 156
Number 156's picture

Yes. Not to mention, the Japanese fishing industry will be in ruins, food prices in Japan will skyrocket as at least 1/4 of their domestic produce will be poisoned. Not a good time to live in Japan.

So they will hide and whitewash whatever damning piece of data they can, and watch as they raise the acceptable levels of radioactive contaminants in food air and water.The Japanese bureaucracy has never put human life over corporate wealth.

Tue, 03/29/2011 - 23:32 | 1115665 Spalding_Smailes
Spalding_Smailes's picture


Mitsui O.S.K. Lines has not yet decided what it will do with its container ship when it returns to Japan this week, a company official said on Tuesday, after China rejected the vessel for “abnormal” radiation levels. …

Chinese authorities detected a maximum of 3.5 microsieverts per hour on MOL’s ship when it arrived at the port of Xiamen in eastern Fujian province last week, the company spokeswoman said. …

The MOL Presence originated in California, stopping in Tokyo for only a few hours on March 17 before arriving in China four days later, port authorities said. …

 

http://www.reuters.com/article/2011/03/29/japan-quake-mitsui-idUSL3E7ET0...

Wed, 03/30/2011 - 08:26 | 1116368 Mentaliusanything
Mentaliusanything's picture

You see that where the US navy was smart. That the Nimitz class aircraft carrier G Washington bugged out right quick on 22nd March. No flys on them and a lot less radiation to keep the alarms from going Off.

They carry two reactors and the men need sleep.

Tue, 03/29/2011 - 23:58 | 1115775 pragmatic hobo
pragmatic hobo's picture

I think they are on the same page as Bernanke.

Wed, 03/30/2011 - 00:50 | 1115934 bankonzhongguo
bankonzhongguo's picture

Right now the clouds of radioactive whatever are not hitting the shores of the USA en mass, however what if you are a shipping line/captain in the Pacific?

Try looking at a map of pacific shipping lanes and then take your KI.

That is a lot of shipping that is just not going to be interested in sailing within 500 miles of Japan.  Somehow, the shipping insurance policies just got exclusions for irradiated cargo, ship and crew.

 

Wed, 03/30/2011 - 04:56 | 1116157 Popo
Popo's picture

> "It is funny how China thinks that denying the inevitable will make it "not happen"."

Sort of like declaring our banks to be solvent?

Tue, 03/29/2011 - 23:27 | 1115641 e_goldstein
e_goldstein's picture

why yes, yes i do.

Tue, 03/29/2011 - 23:52 | 1115759 Oh regional Indian
Oh regional Indian's picture

Ah, but e, what water are you going to cook said rice in?

And therein lies the rub and the hub. I've said it over and over and over, they've been saying look at the air, the jet stream, the patterns, because they wanted to distract us from the Water. Teh other stuff of life.

Hundreds of un"spent" rods, lying somewhere in shallow sand, leaking leaking.

If they had let it out back then, we'd have known (I sure did) that this was all funa nd games, sarcophagus my ass.

Don't be distracted with solutions. There are none. In fact, some genius is suggesting the old let's put a one kiloton "device" in each of these in a "controlled" fashion, with th edisclaimer that "containment" might be difficult. Sounds like a familiar refrain.

No need to get lose our cool though. We're scientists and engineers and doctors. 

It's all controllable, till it isn't.

ORI

http://aadivaahan.wordpress.com/2011/03/11/axis-trembles/

Wed, 03/30/2011 - 00:51 | 1115930 Drag Racer
Drag Racer's picture

This has nothing to do with the 'spent' rods. Radioactive iodine has a short enough half-life to completely decayed from the spent fuel in a short time. If they detect iodine then it comes from the core(s) period. Please stop talking about fuel rods being blown all over the place when that has not happened.

I suspect they are desperately dumping seawater they filled the reactors with into the sea to get rid of it because all their storage tanks are now full of radiated water and they have no other place to put it. Not to mention they are stating over and over how coolant water is not mixing with radiated water. I say they are lying. Too much damage there.

If you get a chance to get a recent video of the site you will see the seawater outlets are flowing heavily and the pumps are running at 110%. If you look at the pictures of the site (before and after) you will see the seawater heat exchanger towers between the generator house and the ocean are gone!!!! Then if they have no exchangers then water straight out of the primary is being dumped...

Tue, 03/29/2011 - 23:52 | 1115749 SparkyvonBellagio
SparkyvonBellagio's picture

IT's NEARLY CYCLONE SEASON? 

GOT RADIOACTIVE SEA WATER/DIRT/PLUTONIUM LAYING ON THE DIRT / RADIOACTIVE STEAM/CLOUDS?   

 

CYCLONES/HURRICANES ARE F'N "BLENDERS". 

KOREANS/CHINESE ARE TOTAL FOOLS IF THEY THINK THEY'RE EVEN CLOSE TO SAFE OR OUT OF HARMS WAY OF THIS ISSUE. JAPAN UNFORTUNATELY IS NOW 'GROUND UNDER REPAIR', BETTER TAKE A FREE DROP.

BETTER WARM UP THE USA'S HAARP AND CONTROL THE WEATHER.

Wed, 03/30/2011 - 00:05 | 1115806 divide_by_zero
divide_by_zero's picture

OTOH, if anybody needs to do any venting, now's the time, solid cover.

Wed, 03/30/2011 - 00:16 | 1115849 jonjon831983
jonjon831983's picture

Damn.... that's so.... true.... Not sure the weather almanac for that part of Japan.

Wed, 03/30/2011 - 04:59 | 1116167 Golden monkey
Golden monkey's picture

What about California? I don't even see Arnold standing for the fight...

Wed, 03/30/2011 - 00:16 | 1115850 YouBetYourLife
YouBetYourLife's picture

There goes the neighborhood.

Wed, 03/30/2011 - 05:31 | 1116202 Golden monkey
Golden monkey's picture

I bought a lot of rice, water, cans and powder milk 3 months ago.

Animals obey instinct only.

Wed, 03/30/2011 - 07:51 | 1116302 Mentaliusanything
Mentaliusanything's picture

Whats not here is the bit where they say the level is OK as - and I quote "No one is fishing in the exclusion zone"

1-2-3- FUCK- don't piss down my shirt and tell me its raining. Brought to you by the humble protozoa, krill and other little people in the food chain who where not notified officially to get out of Dodge.

This ad is brought to you by .........every silent EPA in the World who are collectively dumbstruck that Gambling has been going on the the House - the house of the rising sun - no wait - thats just gamma rays stuuupid

Tue, 03/29/2011 - 23:12 | 1115587 That Peak Oil Guy
That Peak Oil Guy's picture

Level 8 - Major Clusterfuck!

TPOG

Tue, 03/29/2011 - 23:18 | 1115608 russki standart
russki standart's picture

Too bad the reactor wasn´t located in Washington DC... the cheers would be heard around the world.

Tue, 03/29/2011 - 23:29 | 1115643 Cistercian
Cistercian's picture

 We should put a graphite core reactor in the rotunda....that's the ticket!

Tue, 03/29/2011 - 23:40 | 1115707 10kby2k
10kby2k's picture

Those mutha fookers are never in attendance, so it would have no impact. You'd have better luck locating them in airport bathroom stalls tapping away.

Wed, 03/30/2011 - 00:00 | 1115780 Oh regional Indian
Oh regional Indian's picture

10k, that is such a painful indictment of leaders today. All hail the leaders.

I had the opportunity of having a DC snake hit on me while I was at Eselean Institute, as I learned later in life, a CIA funded and controlled house. I've never felt more repulsed by any man/human/sub-human.

All "leaders" today are just favour re-distribution portals.

ORI

http://aadivaahan.wordpress.com/2011/03/28/for-dis-believers/

 

Wed, 03/30/2011 - 06:26 | 1116244 Jendrzejczyk
Jendrzejczyk's picture

Were you at Eselean for Charlie Manson's concert a few days before the murders?

Wed, 03/30/2011 - 07:30 | 1116271 Oh regional Indian
Oh regional Indian's picture

A little before my time JenD, but a right free-k show the place was. Probably is too.

Were you?

ORI

Tue, 03/29/2011 - 23:19 | 1115593 Number 156
Number 156's picture

The only shroud that comes to my mind is twelve feet thick and full of rebar, and they better make it Godzilla proof while they re at it.

Here's a question: I'm flying out to Taipei in September, probably right through the jetstream. if this thing is still smoking, should I wear a  lead groin shield and keep a respirator in my carry-on luggage? 

Tue, 03/29/2011 - 23:21 | 1115613 russki standart
russki standart's picture

I can think of an even better use for the shroud, covering up the stench of capitol hill.

Tue, 03/29/2011 - 23:22 | 1115615 Fish Gone Bad
Fish Gone Bad's picture

I am thinking that would be "Yes".  Homeland security might steal your stuff when they find out that you have metal junk though.

Tue, 03/29/2011 - 23:22 | 1115622 Number 156
Number 156's picture

Its going to be a lonely flight. I will probably have the whole row of seats to myself.

Tue, 03/29/2011 - 23:25 | 1115627 Fish Gone Bad
Fish Gone Bad's picture

Right after 9/11 my flight to Hawaii was so sparse that people slept across the seats!  You will be fine.

Wed, 03/30/2011 - 04:58 | 1116161 Popo
Popo's picture

I keep picturing the "shroud" looking like a giant latex condom.

Tue, 03/29/2011 - 23:15 | 1115601 trav7777
trav7777's picture

Good thing I131 has a short half-life lol.

Much much more concerned about Cs137

Tue, 03/29/2011 - 23:29 | 1115645 Fish Gone Bad
Fish Gone Bad's picture

Eventually everyone will be on free Levo-thyroxine to replace the missing thyroid hormone the Japanese burned out of everyone's necks.

Tue, 03/29/2011 - 23:39 | 1115701 That Peak Oil Guy
That Peak Oil Guy's picture

Sounds bullish for Levo-thyroxine makers!  ;-)

TPOG

Wed, 03/30/2011 - 05:02 | 1116170 Golden monkey
Golden monkey's picture

Concerned? Do you mean you're hoarding water bottles or gas masks?

This time is different, and even silver won't help you.

Wed, 03/30/2011 - 08:24 | 1116366 thedrickster
thedrickster's picture

Yup, I wonder it is has been detected in any measurable quantity in the US.

The worst case scenario is too horrific to contemplate.

Wed, 03/30/2011 - 08:36 | 1116403 Mentaliusanything
Mentaliusanything's picture

Trav can you do us all a big favor --- Change your handle to ---Trav I.o.dine131

We would appreciate your short half life (not lol but rolmfao)

Tue, 03/29/2011 - 23:17 | 1115602 PulauHantu29
PulauHantu29's picture

So let me ask again, if this melts a hole right through the Planet Earth's globe, what is on the other side? Cailfornia?

Sarkozy's living room?

The Nobel Peace Prize Committee Room?

Que?

Tue, 03/29/2011 - 23:53 | 1115763 duckduckMOOSE
duckduckMOOSE's picture

The South Atlantic Ocean off the coast of Uruguay. Fun tool.

http://www.freemaptools.com/tunnel-to-other-side-of-the-earth.htm

 

Tue, 03/29/2011 - 23:59 | 1115781 Selah
Selah's picture

 

Thank you!

I have learned something today. This'll keep me busy for a while...

 

Wed, 03/30/2011 - 01:19 | 1115978 d_senti
d_senti's picture

I'm hoping this is just a joke, but in case you're serious, the whole "china syndrome" business is a myth. Not even remotely possible. Even in a worst-case scenario, I doubt a melted core could get more than a few tens of meters down.

Even if it did somehow manage to get through the crust, it would just mix with the mantle and dissipate. And seeing as gravity would "reverse" for it at the core, even making it halfway would do no good.

Unless you were joking, like I hope. In which case feel free to ignore me.

Wed, 03/30/2011 - 05:08 | 1116176 Golden monkey
Golden monkey's picture

Stop spreading the syndrome bullshit. The plant needs to be covered and shut down to save our planet.

People like you in the US now even believe that Talibans are a biggest threat. What a bunch of stupid ass.

 

Tue, 03/29/2011 - 23:18 | 1115603 Bleeping Fed
Bleeping Fed's picture

If QE2 ends and stocks keep drifting up despite a mess that very well could end Japan as we know it, I'm going to pinch myself to make sure I'm not dreaming (having a nightmare, that is).

Tue, 03/29/2011 - 23:20 | 1115610 RobotTrader
RobotTrader's picture

Nikkei still on its lunch break?

Tue, 03/29/2011 - 23:25 | 1115628 Id fight Gandhi
Id fight Gandhi's picture

All these world crisis are just getting in the way of rallies. Best we forget and buy stocks.

Can anyone point to an example of a disconnected stock market to data, crisis, economy like we have now or is it all new territory?

Tue, 03/29/2011 - 23:26 | 1115639 Fearless Rick
Fearless Rick's picture

The data don't matta!

Tue, 03/29/2011 - 23:28 | 1115651 Fish Gone Bad
Fish Gone Bad's picture

Why Rick, I had no idea you were a poet.

Tue, 03/29/2011 - 23:37 | 1115695 Id fight Gandhi
Id fight Gandhi's picture

Shitnbc pom pom bitches should have it tramp stamped to them.

Tue, 03/29/2011 - 23:43 | 1115715 Theta_Burn
Theta_Burn's picture

+1.

Wed, 03/30/2011 - 01:49 | 1116023 OldPhart
OldPhart's picture

Looks like the southern border's of Obomba's home country.

 

<Junks in 3...2...1>

Tue, 03/29/2011 - 23:20 | 1115611 booboo
booboo's picture

Oprah's commode

Tue, 03/29/2011 - 23:21 | 1115614 Id fight Gandhi
Id fight Gandhi's picture

What's the spin on this? Still safe? It's doubled in a day or two here. When do we get concerned?

Tue, 03/29/2011 - 23:21 | 1115617 Blorf
Blorf's picture

I'm pretty sure this is bullish.  I think I'll go long sashimi.

Tue, 03/29/2011 - 23:22 | 1115618 Theta_Burn
Theta_Burn's picture

: "giant shrould mulled over Fukushima 1 to cut radiation

...And rumor of a plan gaps the Nikkei up

 

Just      WoW

Tue, 03/29/2011 - 23:24 | 1115621 bob_dabolina
bob_dabolina's picture

You stupid sheeple don't realize this is completely normal.

This is normal backround radiation.

Plutonium? ha, that shit's for the birds, if you even believe in it your stoopid. It's natural.

We all absorb that shit. This is like flying on a plane.

 

Tue, 03/29/2011 - 23:31 | 1115655 Cistercian
Cistercian's picture

 Hahahaha!

Tue, 03/29/2011 - 23:38 | 1115678 bob_dabolina
bob_dabolina's picture

Why is TEPCO freakin out?

We all have plutonium in us anyway from all those nuke tests.

This is all in our backround, and, in our backround enviroment.

Completely normal. It's in fact so safe you can feed it to your kids.

see my avatar? they can end up just like that (maybe worse)...probably worse.

Wed, 03/30/2011 - 05:10 | 1116178 Golden monkey
Golden monkey's picture

Isn't Bernanke already worse? What about his chick?

Tue, 03/29/2011 - 23:32 | 1115676 Glass Steagall
Glass Steagall's picture

Thanks, Trav - er, uh, Bob.

Tue, 03/29/2011 - 23:29 | 1115630 Spalding_Smailes
Spalding_Smailes's picture

Radioactive Iodine-131 in Pennsylvania rainwater sample is 3300% above federal drinking water standard

 

On Friday, concentrations of Iodine-131, likely originating from the events at Japan's damaged nuclear plants, were found in rainwater samples collected from Pennsylvania's nuclear power plant facilities.

… The [Iodine-131] numbers reported in the rainwater samples in Pennsylvania range from 40-100 picocuries per liter (pCi/L). Although these are levels above the background levels historically reported in these areas, they are still about 25 times below the level that would be of concern. The federal drinking water standard for Iodine-131 is three pCi/L. …

On Friday, rainwater samples were taken in Harrisburg, where levels were 41 pCi/L and at nuclear power plants at TMI and Limerick, where levels were 90 to 100 pCi/L.

Corbett emphasized that the drinking water is safe and there is no cause for health concerns. …

“Rainwater is not typically directly consumed,” Corbett said. “However, people might get alarmed by making what would be an inappropriate connection from rainwater to drinking water. By testing the drinking water, we can assure people that the water is safe.” …

http://www.centredaily.com/2011/03/28/v-print/2610598/governor-corbett-s...

http://blogs.forbes.com/jeffmcmahon/2011/03/28/epa-expect-more-radiation...

Tue, 03/29/2011 - 23:47 | 1115728 That Peak Oil Guy
That Peak Oil Guy's picture

Lol, that is a funny thing to say, after all, rain water eventually becomes someone's drinking water.

Hopefully the iodine decays by then!

TPOG

Wed, 03/30/2011 - 05:23 | 1116191 zhandax
zhandax's picture

Or gets filtered out.  You are, after all, counting on them to filter out Bubba's burrito remains from last Friday night, since passed. (removes hat)

Wed, 03/30/2011 - 05:37 | 1116204 Bicycle Repairman
Bicycle Repairman's picture

Anybody know the process by which the radioactivity is filtered out?

Wed, 03/30/2011 - 08:13 | 1116341 Mentaliusanything
Mentaliusanything's picture

Yes - it collects in lower species and eventually is ingested by the highest species, who die strange painful deaths. At the conclusion (death) it repatriates its self back to dirt or ash and does the green thing and recycles itself for about ...... Fuck I don't know...... a long time after me and you. Nature on the other hand does not miss us at all and spends the next 20 million years replacing the Worlds Oil supply that was raped from it with all the dead carbon life forms it has digested. Its called Payback Bitches. 

Junk me all you want, I just had a Tuna and prawn sushi on rolled sea weed and I feel strangely like it had an additive I never ordered. <sarc in neutral>

Tue, 03/29/2011 - 23:57 | 1115776 TomJoad
TomJoad's picture

Jesus fucking Christ! My wife is 12 weeks pregnant with our first child. Guess I'd better stock up on salt. Already have plenty of lead. Need to figure out an easy way to transform it from projectile to sheet form.

 

Jump! You Bankster Fuckers!

Wed, 03/30/2011 - 00:24 | 1115865 jonjon831983
jonjon831983's picture

Apparently, consuming large quantities of salt does not work. A couple weeks ago people in China lined up like crazy trying to buy up salt.  The amount you need probably not enough to provide protection.  More likely to cause you to die as a shrivelled up mummy.

=\

Wed, 03/30/2011 - 00:32 | 1115890 chindit13
chindit13's picture

Panic in action.  Salt sold out in China, in the mistaken belief iodized salt would save them from nuclear fallout.  Turns out an average person would need to consume 70 pounds of iodized salt to get protection from radioactive iodine.  Cesium, plutonium, strontium...no protection.  The kicker:  seventy pounds of salt is equally as deadly as radioactive iodine, as in dead is dead.

Because of the Chinese panic, the price of salt in Yangon, Myanmar is up 500% in one week.  Kind of makes Netflix and Chipotle look like slackers.

Wed, 03/30/2011 - 01:22 | 1115986 jonjon831983
jonjon831983's picture

Thanks for more detail on this whole salt biz. 70lbs would decidely be unhealthy.

Wed, 03/30/2011 - 06:22 | 1116241 Rusty Shorts
Rusty Shorts's picture

1 supersized Mickey D fries = 70 lbs salt

Wed, 03/30/2011 - 01:57 | 1116032 OldPhart
OldPhart's picture

What would that do to PEP?  They make nearly all the salty snacks anymore.

Wed, 03/30/2011 - 02:10 | 1116050 Silverite
Silverite's picture

Think a little deeper--you use salt to preserve vegetables and meat.  This and last year's crops just got a premium, and rightfully so salt, which is useful in many ways.  If your local area happened to be dusted with even short-term radiation, the current and next crops would be unfit for market, including all dairy and meat unless fed from stored grain in a protected facility.  My local economy can't really afford that loss, can yours?  Don't ridicule the Chinese for buying salt.  Having 6 months of preserved vegetables and salted meat is a great idea, makes me want to buy salt too!

Wed, 03/30/2011 - 03:00 | 1116096 chindit13
chindit13's picture

That's a practical use, but if you read or see the interviews with the folks buying, that is not their first thought.

Tue, 03/29/2011 - 23:59 | 1115777 TomJoad
TomJoad's picture

dupe

Wed, 03/30/2011 - 00:26 | 1115812 CD
CD's picture

Not to worry, new safe water standards will likely be implemented shortly... Hey, who says Japan is no longer a leader in technological innovation - it's working there [e.g. arbitrarily raising exposure limits to suit conditions on the ground], why can't it work here (h/t to whichever fellow ZH reader posted this earlier in another thread):

http://www.peer.org/news/news_id.php?row_id=1325

"A plan awaiting approval by the U.S. Environmental Protection Agency that would dramatically increase permissible radioactive releases in drinking water, food and soil after “radiological incidents” is drawing vigorous objections from agency experts, according to agency documents released today by Public Employees for Environmental Responsibility (PEER). At issue is the acceptable level of public health risk following a radiation release, whether an accidental spill or a “dirty bomb” attack. [...] For example, as Charles Openchowski of EPA’s Office of General Counsel wrote in a January 23, 2009 e-mail to ORIA:

 

“[T]his guidance would allow cleanup levels that exceed MCLs [Maximum Contamination Limits under the Safe Drinking Water Act] by a factor of 100, 1000, and in two instances 7 million and there is nothing to prevent those levels from being the final cleanup achieved (i.e., it’s not confined to immediate response of emergency phase).”

 

 

Wed, 03/30/2011 - 01:53 | 1116027 trav7777
trav7777's picture

Chernobyl caused, IIRC, 200 pCi/L on the west coast.

Wed, 03/30/2011 - 05:19 | 1116188 Golden monkey
Golden monkey's picture

We live in a strange world where a corporation is pissing the ocean and nobody cares.

Will Obama send a surge to Afghanistan now?

US marines : resist and don't go to Japan. Hijack your own ship if needed. Your commander might be a brainless coward.

Wed, 03/30/2011 - 07:31 | 1116277 Jendrzejczyk
Jendrzejczyk's picture

You are inciting revolt against the powers that be and will be monitored accordingly.

Tue, 03/29/2011 - 23:26 | 1115635 Id fight Gandhi
Id fight Gandhi's picture

The simple fix to all of this is just keep raising the legal limit and print more money.

Tue, 03/29/2011 - 23:26 | 1115636 RobotTrader
RobotTrader's picture

Does this mean that LULU and NFLX have a small chance of correcting tomorrow?

Tue, 03/29/2011 - 23:27 | 1115642 The Axe
The Axe's picture

computers could make LULU  go up everyday>>.   Wish I could post charts of LIZ or CHS every special retailer has its day...so will LULU   

Tue, 03/29/2011 - 23:32 | 1115673 Id fight Gandhi
Id fight Gandhi's picture

Doubt it, nikkei opened afternoon up.

Pcln to 500 CMG to 300.

Tue, 03/29/2011 - 23:44 | 1115729 FreedomGuy
FreedomGuy's picture

You gotta look at this like the article that consumer confidence fell, but not as much as expected. So stocks went up. So, just say that 4000 times the limit was expected and it's actually only about 3500 so that is actually good news. All markets should rise on this less than worst case news.

Wed, 03/30/2011 - 00:12 | 1115821 The Axe
The Axe's picture

I could buy both Brinker  and Darden for less then Chipotle and have twice the revenues. Yes CMG will see its high this week(mark it up baby-end of the quarter) maybe even 300 or higher.. but I will be short 1200 shares later in the week, waiting for a nice 50 point correction..

Tue, 03/29/2011 - 23:34 | 1115677 bobert
bobert's picture

Robot:

I like you.

I think you have had a bad rap @ ZH.

You've a good sense of humor.

On another point. I notice what appears to be a negative correlation

between the Shanghai and the Hang Seng Indexes. In a world of

what seems to be fewer and fewer genuine negative correlations.

Chart it some time if you see it also.

Bobert

Tue, 03/29/2011 - 23:27 | 1115637 CitizenPete
CitizenPete's picture

How long has the NHK World link been down?

Tue, 03/29/2011 - 23:35 | 1115680 Id fight Gandhi
Id fight Gandhi's picture

If u have iPad, iPod iPhone use their free app for NHK.

Tue, 03/29/2011 - 23:27 | 1115640 New Survivalist
New Survivalist's picture

Best ZH doom. Ever. Fuki Fuki run like Hell.

Tue, 03/29/2011 - 23:29 | 1115653 mee-mee-mee
mee-mee-mee's picture

Big Trouble in Little China (or is that Japan)

Tue, 03/29/2011 - 23:34 | 1115683 Jim in MN
Jim in MN's picture

http://en.wikipedia.org/wiki/File:Reichstagchristo010.jpg

BRILLIANT

But isn't shroud kind of a bummer?

How abouuuuuut....veil.  Much more alluring.

Wed, 03/30/2011 - 02:03 | 1116041 OldPhart
OldPhart's picture

Good choice, but it needs an Oriental flair...

How about the KI Kimono?

Wed, 03/30/2011 - 05:39 | 1116208 Bicycle Repairman
Bicycle Repairman's picture

All of Christo's work is shit and an affront to humanity.  Taxpayer funded?

Tue, 03/29/2011 - 23:36 | 1115686 Spalding_Smailes
Spalding_Smailes's picture


Fukushima Forecast: Radioactive particles to be concentrated over Midwest on April 1, 2

 

Video •

 

http://www.youtube.com/watch?v=rW3JMPsQb0w&feature=player_embedded

Tue, 03/29/2011 - 23:35 | 1115689 redpill
redpill's picture

So the latest solution is a wet blanket?

Tue, 03/29/2011 - 23:37 | 1115691 zebra
zebra's picture

what a wondeful world

the radiation level has an equivalent effect to QE3

Tue, 03/29/2011 - 23:43 | 1115696 Korg
Korg's picture

Vat a crusterfook!!

 

And now a shroud?!?! WTF is wrong with the japanese??? Are they all fucked in the head???  How about a lead shroud??? Jesus Christ!

This is past comedy and right into the twilight zone... Who the fuck is gonna volunteer to build this shroud over a busted up broken to hell plutonium MOX radiation monster of a reactor???

it seems they float a new bullshit idea everyday over there.

Here's an idea for them: how about TEPCO contract with Zeuss, Jesus, Budda, Allah, or the ALMIGHTY GOD to come and make this go away. Good luck!

The bad shit is yet to come. When the Japanese public finally gets the truth and realizes that this thing is going to be entombed FOREVER and that 500 square kilometers are thereby off-limits FOREVER they are going to FINALLY go APESHIT!

This is gonna be a summer to remember not to mention the Bernak, the Arabs, Euro, Dollar...........jesus...

Tue, 03/29/2011 - 23:47 | 1115733 10kby2k
10kby2k's picture

As long as Toyko continues to function, the market doesn't care. As long as all major cities are semi intact its up, up and away.  All the destruction is fixable and a stimulant to the economy.

Wed, 03/30/2011 - 12:47 | 1117560 Matte_Black
Matte_Black's picture

As long as all major cities are semi intact its up, up and away.

Happy songs for apocalyptic times. Up up and away....

http://www.youtube.com/watch?v=JsVgSqAwSEI

Tue, 03/29/2011 - 23:49 | 1115740 CitizenPete
CitizenPete's picture

This is past comedy and right into the twilight zone... Who the fuck is gonna volunteer to build this shroud over a busted up broken to hell plutonium MOX radiation monster of a reactor???

 

 

http://ir.shawgrp.com/phoenix.zhtml?c=61066&p=irol-newsArticle&ID=1541482&highlight=

Wed, 03/30/2011 - 00:14 | 1115836 Korg
Korg's picture

Gonna be alot of dead Shaw employees....at least they get overtime

Wed, 03/30/2011 - 00:24 | 1115872 CitizenPete
CitizenPete's picture

We have worse here in the US. (really)

Wed, 03/30/2011 - 02:06 | 1116049 OldPhart
OldPhart's picture

Help Wanted:

No experience necessary.

We're hiring literally thousands to travel the far east.

Apply to:  Bio-Robot@shawgrp.com

 

Wed, 03/30/2011 - 09:00 | 1116474 TomJoad
TomJoad's picture

Shaw asked my pregnant wife is she would go to Japan. (She's been a Geologist specializing in groundwater remediation with them for 6 years).

 

No Fucking Way was my reply.

Wed, 03/30/2011 - 00:06 | 1115804 duckduckMOOSE
duckduckMOOSE's picture

Twilight Zone, The Monsters are Coming to Maple St., Haha!...oh yea.

Wed, 03/30/2011 - 05:42 | 1116211 Bicycle Repairman
Bicycle Repairman's picture

"Who the fuck is gonna volunteer to build this shroud?"

Let's revisit the end of WWII and give the Soviet Union the northern half of Japan.  I suggest that the Soviets will do the right thing.

Tue, 03/29/2011 - 23:39 | 1115697 Jim in MN
Jim in MN's picture

Let's estimate the financial stakes the French have in the Japanese MOX trade.  Maybe they will donate the proceeds to the compensation fund for the Japanese farmers or radiation victims....

French experts to help remove radioactive water

France says it will send 3 more nuclear experts to Japan to help with efforts to remove highly radioactive water from the troubled Fukushima Daiichi Nuclear Power Plant.

Two other French experts are already in Japan and holding talks with the plant operator, Tokyo Electric Power Company. The 5 are from French-based AREVA, one of the world's biggest nuclear energy firms.

They will help eliminate the polluted water that is hampering efforts to restore the plant's cooling functions.

This is the first time that France, the world's second largest operator of nuclear plants, has dispatched nuclear experts to Japan.

Soon after the accident occurred in Fukushima, France expressed its readiness to assist Japan, supplying radiation measuring vehicles and protective clothing.

French President Nicolas Sarkozy will visit Japan as chair of the Group of 20 nations on Thursday. He will meet Prime Minister Naoto Kan to talk about the possibility of extending further technical assistance to resolve the nuclear crisis.

Wednesday, March 30, 2011 06:25 +0900 (JST)

Tue, 03/29/2011 - 23:46 | 1115727 Korg
Korg's picture

How about ONE test on video from the french???

Hold a calibrated dosimeter midway between reactors 2 and 3 and show us the readings.

Then run like hell....

Tue, 03/29/2011 - 23:46 | 1115734 FreedomGuy
FreedomGuy's picture

I bet they will meet upwind of the radiation.

Tue, 03/29/2011 - 23:49 | 1115747 That Peak Oil Guy
That Peak Oil Guy's picture

Naturally the French don't want nuclear power to look bad.  After all, France went all-in with it, generating almost 80% of their electricity with nuclear.

http://en.wikipedia.org/wiki/Nuclear_power_in_France

TPOG

Wed, 03/30/2011 - 01:56 | 1116034 trav7777
trav7777's picture

TPOG, wth other option do oil-poor nations have?

Wed, 03/30/2011 - 03:59 | 1116135 Bringin It
Bringin It's picture

Learn to be different.  The whole 'way-to-happiness-via-consumerism' idea is a big lie. 

Wed, 03/30/2011 - 05:44 | 1116213 Bicycle Repairman
Bicycle Repairman's picture

Third world status.

Wed, 03/30/2011 - 09:43 | 1116584 That Peak Oil Guy
That Peak Oil Guy's picture

They have no good options.  Eventually none of us will.  That is the problem.

The real problem with nuclear energy as I see it is that in the timescales of nuclear toxicity we will no longer have an industrial civilization.  Who will take care of the waste in the next millennium?  If we have a catastrophic crash then who will make sure all of these nuclear plants are put to bed safely?  Even if our decline is slow, where will we get the capital to safely decommission the plants and store the waste?

In a risk analysis of nuclear power it seems that our risks are too great over the long run.  Perhaps we can contain the risks for a while, today, but I don't think we can rely on containing them for millenia.  Nuclear power is the ultimate kick-the-can power source.  If humans ten generations from now don't know what a can is then what will they do with it?

TPOG

Wed, 03/30/2011 - 13:18 | 1117715 Matte_Black
Matte_Black's picture

"In a risk analysis of nuclear power it seems that our risks are too great over the long run."

You make a lot of good points. I strongly agree with your analysis. I would add that perhaps our risks are too great even for the short run.

Chernobyl 1986 and Fukushima 2011, the two worst nuclear disasters in history have occured 25 years apart.

Chernobyl is an ongoing concern that requires a new $2B sarcaphogus. Fukushima will require something perhaps even greater, and will be an ongoing concern no matter what they do. The human cost has been and will continue to be staggering.

On those decreasingly rare occasions that nukes fail, the consequences are spectacularly bad.

Perhaps our risks are too great even for the short run.

Tue, 03/29/2011 - 23:50 | 1115750 Jim in MN
Jim in MN's picture

http://www.powermag.com/nuclear/Japan-Launches-Commercial-Operation-of-MOX-Fueled-Reactor_2376.html

January 1, 2010

Japan Launches Commercial Operation of MOX-Fueled Reactor

"Meanwhile, only two plants globally currently produce commercial MOX fuel quantities: AREVA’s 195-metric tons/year Melox plant and the 40-metric tons/year Sellafield MOX (Figure 2) plant in the UK. Construction of a MOX facility at the Savannah River site in the U.S. is also under way by a Shaw Group/AREVA consortium. Expected to begin operations in 2016, that plant is designed to turn 3.5 metric tons/year of weapons-grade plutonium into MOX fuel assemblies."

Wed, 03/30/2011 - 00:15 | 1115838 majia
majia's picture

Perhaps you all are aware of peak uranium? It was news to me. However, MOX is the solution to this problem--a highly dangerous solution it seems to me:

http://en.wikipedia.org/wiki/Peak_uranium

Decommissioning nuclear weapons

Main article: MOX fuel

Both the US and Russia have committed to recycle their nuclear weapons into fuel for electricity production. This program is known as the Megatons to Megawatts Program. [57] Down blending 500 tonnes (1,100×10^3 lb) of Russian weapons High Enriched Uranium (HEU) will result in about 15 kilotonnes (33,000×10^3 lb) of Low Enriched Uranium (LEU) over 20 years. This is equivalent to about 152 kilotonnes (340×10^6 lb) of natural U, or just over twice annual world demand. Since 2000, 30 tonnes (66×10^3 lb) of military HEU is displacing about 10.6 kilotonnes (23×10^6 lb) of uranium oxide mine production per year which represents some 13% of world reactor requirements.[58]

Plutonium recovered from nuclear weapons or other sources can be blended with uranium fuel to produce a mixed-oxide fuel. In June 2000, the USA and Russia agreed to dispose of 34 kilotonnes (75×10^6 lb) each of weapons-grade plutonium by 2014. The US undertook to pursue a self-funded dual track program (immobilization and MOX). The G-7 nations provided US$ 1 billion to set up Russia's program....

Wed, 03/30/2011 - 02:01 | 1116038 trav7777
trav7777's picture

yeah, I mentioned Peak Uranium to people who said "PO isn't a problem bc we can do nuclear plants everywhere."

They're kinda quiet now, these people...

Wed, 03/30/2011 - 00:24 | 1115868 MsCreant
MsCreant's picture

It was so kind of the Shaw group to offer their services. "We make disasters and clean them up." Now that is a Keynesian business model right there.

Wed, 03/30/2011 - 02:01 | 1116029 Stormdancer
Stormdancer's picture

This should be impressive. Japan now has an imposing group of round-eyes that can advance on the reactor site in formation, waving white flags and promising to withdraw all firetrucks to a distance of 1000 meters as a sign of good faith. This should allow some time for things to simmer down a bit in preparation for a negotiated settlement. Say in, oh, 30,000 years or so...

Wed, 03/30/2011 - 05:27 | 1116196 PhattyBuoy
PhattyBuoy's picture

+ lol

Wed, 03/30/2011 - 01:57 | 1116033 Stormdancer
Stormdancer's picture

duplicate

Wed, 03/30/2011 - 05:47 | 1116214 Bicycle Repairman
Bicycle Repairman's picture

5 nuclear experts?  Japan needs about 1 million bio-robots.

Tue, 03/29/2011 - 23:42 | 1115703 texpat
texpat's picture

What the heck happens when it fills up with hydrogen? How do you suck the radiation out? Won't it be hot under there?

 

The only way is to concrete that sucker.

Wed, 03/30/2011 - 05:31 | 1116201 Golden monkey
Golden monkey's picture

Right. But Bernanke is about to conduct a disinformation campaign.

Subject : (Phony) China syndrome.

You will be so scared, you will be on your knees asking the Jap to contaminate your water.

Tue, 03/29/2011 - 23:39 | 1115704 Innocent Bystander
Innocent Bystander's picture

OT:

Fed's Fisher vows to vote against extending QE
Tue, 03/29/2011 - 23:56 | 1115767 buzzsaw99
buzzsaw99's picture

i wish the fed gangsters would stfu already.

Tue, 03/29/2011 - 23:41 | 1115713 Fearless Rick
Fearless Rick's picture

When do they start telling us to stay indoors? Mighty convenient for the NWO. No movement, no rebellion.

Smashing, old chap. I'll have another brandy. Somehow, being old suddenly isn't so bad, after all.

Tue, 03/29/2011 - 23:45 | 1115724 Tail Dogging The Wag
Tail Dogging The Wag's picture

No mention of Korea...    deny, deny, deny.

Tue, 03/29/2011 - 23:44 | 1115726 Jim in MN
Jim in MN's picture

Ah, nobody likes Accords anyways, right?

Honda to Cut Output at All North American Plants

   New York, March 29 (Jiji Press)--Honda Motor Co. <7267> will cut production at its six assembly plants in North America starting Wednesday, company officials said Tuesday.
   The move comes amid concern about possible shortages of parts supplies from Japan following the March 11 quake and tsunami.

Tue, 03/29/2011 - 23:51 | 1115746 yipcarl
yipcarl's picture

Too Bad Tepco isn't backed by the Feds in Japan or the U.S.  If it was it would have doubled and they would be citing some BS and most idiots would probably believe it.  LOL.  

 

The stock market is totally disconnected because it's artificial. 

Tue, 03/29/2011 - 23:54 | 1115758 zerohedge5
zerohedge5's picture

implodes?

Tue, 03/29/2011 - 23:53 | 1115764 dasein211
dasein211's picture

3300% more radioactive iodine in rainwater!!! In Pennsylvania!!! What the fuck!!!how long before cesium and strontium start making their rounds?!! As far as I know NONE of that shit is good for you. A clusterfuck mega socio-political-naga-Fuka-hiro-nobyll is on it's way folks. Now they're wanting to cover this shit with a shroud?!! The jesus shroud for fucks sake!!? Why don't we paint a picture of Buddha and Jesus and enscribe Allah on it with a portrait of all 50something odd presidents and a kachina doll and cover it cause that will DEFINITELY scare the radiation away!!! FUCK!!!

Tue, 03/29/2011 - 23:56 | 1115774 SparkyvonBellagio
SparkyvonBellagio's picture

THAT'S IT, I'M BUYING A CAVE.

Wed, 03/30/2011 - 00:37 | 1115900 anonnn
anonnn's picture

You forgot the Emperor!

Call it the Emperor's Shroud.

Btw, does having an Emperor hardwired into your mind/brain put limits on cognitive facilities?

How about the Royal Family thing?, or one-and-only-God thing? or Tooth Fairy?, or immaculate coitis...ya know, that action-at-a-distance thing? I've been bewildered and diffident ever since meeting Santa Claus. Such a mind bender, he was.

Tue, 03/29/2011 - 23:55 | 1115772 buzzsaw99
buzzsaw99's picture

Bullish.

Wed, 03/30/2011 - 00:17 | 1115852 Oh regional Indian
Oh regional Indian's picture

Ever notice that Bullish and bullshit are but a "t" and a little anagram away from each other?

ORI

Wed, 03/30/2011 - 00:00 | 1115783 Jim in MN
Jim in MN's picture

Oh.........

http://www.mhi.co.jp/en/finance/library/business/pdf/nuclear2010.pdf

Mitsubishi Heavy Industries nuclear business plan...

Slide 16

Japan and France jointly marketing nuclear plants to the Middle East

plus

lots of MOX all over the world....

Wed, 03/30/2011 - 00:25 | 1115870 davepowers
davepowers's picture

and those were some long, long lead times to get the things up and running. Probably never be finished given shakiness of that part of the world, but Mitsubishi and partners could send bills for years for planning, thinking, printing out blueprints, wining and dining, more wining dining

Wed, 03/30/2011 - 00:33 | 1115895 traderjoe
traderjoe's picture

#winning

Wed, 03/30/2011 - 00:29 | 1115885 MsCreant
MsCreant's picture

Jim,

Thanks. You should write a ZH contributor column the way you are putting the dots together. No hysteria, little ego, just exploration. We can't DO shit, but I appreciate the verstehen.

Wed, 03/30/2011 - 00:53 | 1115935 Jim in MN
Jim in MN's picture

Merci.  Tyler, Marla, et al probably wouldn't trust me with image posting rights :*)

Actually I came here to learn and bitch about political economy and bond haircuts.  I try to avoid posting about the stuff I know the most about (a policy which might or might not be surprisingly common here). 

I made an exception for Fukushima Daiichi.  It is an exceptional situation.  I wish it were over and we could go back to swapping Jethro Tull lyrics. 

Keep it real----

Wed, 03/30/2011 - 02:11 | 1116055 Selah
Selah's picture

 

Policy?

We all buy Silver:

https://www.libertyleaf.com/secure_order_page.html

 

Wed, 03/30/2011 - 05:52 | 1116217 Golden monkey
Golden monkey's picture

Good. But make sure to get some water too.

Do NOT follow this link or you will be banned from the site!