Nuclear Power

The Great Glut: Why LNG Markets Might Not Balance Before 2025

The worldwide rush to build liquefaction capacity has the characteristics of speculative bubbles and gold rushes of past centuries. In the case of the developing LNG glut, the blame must probably be shared by overambitious promoters and prestigious but imprudent energy experts.

Frontrunning: April 8

  • Stocks up as investors look to end bruising week on a high (Reuters)
  • Treasuries Set for Two-Week Gain; Greenspan Warns of Global Risk (BBG)
  • Yellen, alongside Fed alum, says rate hikes on track (Reuters)
  • Oil Prices Lifted by Fed Comments on U.S. Economy (WSJ)
  • China says G20 summit should be about economics, not politics (Reuters)
  • Cameron Accused of Hypocrisy for Stake in Father's Offshore Fund (BBG)

Are Russians In For Yet Another War?

Just like the Cold War I, the Cold War II has its ideological underpinning, except, now it is not about communism versus capitalism, it is about multipolarity versus unipolarity. It just happened Russia was not willing to be a part of unipolar world. It just happened to be against Russian national character to be serving a “higher master”. How did it dare to disobey? Well, the nuclear weapons came handy for standing up to protect its national pride and its national interest in face of America bluntly stepping into Russia’s spheres of interest.

Five Years After Fukushima, 16 U.S. Cleanup Ships Are Still Contaminated With Radiation

The Fukushima disaster was over five years ago, and may have been largely forgotten by the general public and the media (perhaps because the Japanese olympics are just four years from now), but its effects still linger. Perhaps nowhere more so than for those who took pare in the Fukushima clean up effort: as Starts and Stripes reports, sixteen U.S. ships that participated in relief efforts after Japan’s nuclear disaster five years ago remain contaminated with low levels of radiation from the crippled Fukushima Dai-ichi nuclear power plant.

"Dirty Bomb" Fears Rise As Belgian Nuclear Facilities Seen As Vulnerable To ISIS Attacks

Although Belgian nuclear officials say reports that a guard was killed and his access badge stolen are "false," there's little question that the country's nuclear facilities have a questionable safety and security record. That, combined with the fact that at least one ISIS member had access to a reactor at Doel in 2012, has experts worried that Belgium's nuclear facilities will be the next target for the now famous Brussels cell.

Frontrunning: March 24

  • Belgium hunts 'third man' after Islamic State bombings (Reuters)
  • Number of Attackers, Key Details of Brussels Assaults Remain Unclear (WSJ)
  • Surviving Paris attacks suspect wants to return to 'explain himself': lawyer (Reuters)
  • Brussels Suicide Bomber Slipped Terror Net (WSJ)
  • Dollar rise hits commodities as Fed talks of tightening (Reuters)

Frontrunning: March 23

  • Futures little changed day after Brussels attacks (Reuters)
  • Trump, Clinton win big in Arizona, but Cruz, Sanders show fight (Reuters)
  • Belgium identifies Brussels bomb suspect, suicide bombers (Reuters)
  • After Brussels Terrorist Attacks, Security Ramped Up in U.S. Cities (WSJ)
  • Terror Impact Threatens Cameron EU Pitch, Merkel's Open Door (BBG)
  • Brussels Attacks Will Jolt 2016 U.S. Presidential Race (WSJ)

On Opex Day, It's All About The Dollar: Futures, Oil Levitate As USD Weakness Persists

It may be option expiration day (always leading to abnormal market activity) but it remains all about the weak dollar, which after crashing in the two days after the Fed's surprisingly dovish statement has put both the ECB and the BOJ in the very awkward position that shortly after both banks have drastically eased, the Euro and the Yen are now trading stronger relative to the dollar versus prior. As DB puts it, "the US Dollar has tumbled in a fairly impressive fashion since the FOMC on Wednesday with the Dollar spot index now down the most over a two-day period since 2009" which naturally hurts those countries who have been rushing to debase their own currencies against the USD.

Frontrunning: March 14

  • Fed to sit tight on rates at March meet, hint at hikes to come (Reuters)
  • Election setback a 'wake-up call' for Merkel, media and politicians say (Reuters)
  • Germany’s Merkel under renewed attack after populists’ poll success (FT)
  • Temperatures Rise on Eve of Next GOP Contests (WSJ)
  • Carl Icahn setting up son to take his place: sources (Post)
  • Turkey Vows Swift Retaliation After Bomb Kills 37 in Capital (BBG)

The Next Fukushima? Active Fault Line Discovered Directly Below Japanese Nuclear Power Plant

We now have the candidate for the "next Fukushima" -  one of the faults that run under the premises of Hokuriku Electric Power Co.’s Shika nuclear power plant in Ishikawa Prefecture can be reasonably concluded to be active, according to an evaluation compiled last Thursday by an expert panel at the Nuclear Regulation Authority. According to the Shimbun, the No. 1 reactor at the Shika plant may have to be decommissioned under the new nuclear regulatory standards, which ban the construction of important facilities above an active fault. The fault in question lies directly under the No. 1 reactor building.