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Crushed By Soaring Energy Costs, Japan Prepares To Reactivate Its Nuclear Power Plants

Tyler Durden's picture




 

In what was painfully obvious to everyone with half a brain months ago (see here) Japan's desperate gambit at reflating would backfire massively by sending energy prices soaring in a world in which Japan no longer has access to internally producer, nuclear power plants and is forced to import all of its energy from abroad. For a glimpse of the horrors awaiting Japan's utilities and those consumers lucky enough to have electricity in their homes, here is a chart of Japanese LNG costs expressed in Yen: hardly the stuff sustainable, discretionary income-led recoveries are made of. And this was three months ago: now it's much, much worse.

Because as we also showed using the chart below, unless Japan actually restarts its nuclear power plants, it is doomed to a future in which all the import-led price inflation goes to such trivial, non-core items as energy and, of course, food. But who cares about those...

Well, apparently after six months of dithering, Japan does.

First it was Japan's economy minister chiming in with his views on the fair value of the USDJPY (apparently, now it is too high), who also made it clear that Japan has no choice but to restart the same nuclear power plants that two years resulted in the biggest nuclear catastrophe since Chernobyl.

And now, proving that Japan has learned absolutely nothing from its recent past, it is now preparing to risk yet another Fukushima, just to make sure that Goldman's partners have a fresh year of record bonuses, driven by the BOJ's monetary insanity. Yomiuri Shumbun reports, that just two years after a wholesale shutdown of Japan's nuclear power plants demanded by the people, Japan is once again going to reactivate its nuclear power plants, much to the chagrin of the already massively irradiated local population.

Tokyo Electric Power Co. has decided to apply to the nuclear regulating body to restart two reactors at its nuclear power plant in Niigata Prefecture by the end of July, after revised safety standards are implemented earlier that month, it has been learned.

 

Reactivation of the two reactors at the Kashiwazaki-Kariwa nuclear power plant could help stabilize the power supply situation for eastern Japan, including the Kanto region, which is part of TEPCO’s service areas; and the Tohoku region, Tohoku Electric Power Co.’s service area for which TEPCO provides electricity. In doing so, the company could prevent electricity fees from rising further.

 

Reactivation of the reactors could also help TEPCO’s management reconstruction drive, as the utility faces additional fuel costs for thermal power generation to make up for power shortfalls due to the suspension of nuclear power reactors.

 

The application to the Nuclear Regulation Authority will be made for the Nos. 1 and 7 reactors at the Kashiwazaki-Kariwa plant in Niigata Prefecture. The move is expected to coincide with similar applications to be filed by four other operators for reactors at their five plants, according to officials.

So which nukes are set to go live?

The reactors could be reactivated after passing the NRA’s safety inspections and obtaining consent from local governments. The reactors that the four utilities are applying to restart are at:

  • Hokkaido Electric Power Co.’s Tomari nuclear power plant in Tomari, Hokkaido.
  • Kansai Electric Power Co.’s Takahama nuclear power plant in Takahama, Fukui Prefecture.
  • Shikoku Electric Power Co.’s Ikata nuclear power plant in Ikata, Ehime Prefecture.
  • Kyushu Electric Power Co.’s Sendai nuclear power plant in Satsuma-Sendai, Kagoshima Prefecture, and Genkai nuclear power plant in Genkai, Saga Prefecture.

The Kashiwazaki-Kariwa plant has boiling water reactors--the same type as those at the Fukushima No. 1 nuclear power plant, which suffered meltdowns following the March 2011 earthquake and tsunami.

But don't worry: this time there are "filters" in place to catch all that evil gamma radiation if and when the Fukushima disaster should repeat itself:

TEPCO has decided to apply for reactivation of the Nos. 1 and 7 reactors, as work to install filtered vents is expected to be completed by the end of July, according to officials.

 

The filters help minimize the amount of radioactive materials released into the air in the event of a serious accident. Under the revised safety standards, such vents will be required for nuclear reactors.

There is some hope the people will refuse to be willing Guinea pigs in what is rapidly becoming the most insane, ridiculous experiment, where disproving statist Keynesian voodoo may and will literally cost people their lives...

Hirohiko Izumida, governor of Niigata Prefecture, which has signed a safety agreement with TEPCO, remains cautious over the reactivation the Kashiwazaki-Kariwa plant reactors.

 

We won’t discuss resuming operations [of the reactors] until results of the review into the crisis at the Fukushima No. 1 plant are presented,” he has said.

 

TEPCO’s study has revealed that faults beneath the buildings for the Nos. 1 to 3 reactors and the Nos. 5 to 7 reactors show signs of having shifted 200,000 to 330,000 years ago. TEPCO has said they are not regarded as active faults under the current safety guidelines, but could be under the revised guidelines. As a result, the utility may be told to reinvestigate the matter.

... Although we doubt it: it is only a matter of time before some Japanese central planner takes the mic, and reads the Goldman script, promising all disastrous future earthquakes and tsunamis have been henceforth banned and made illegal, and the BOJ will guarantee nothing bad can ever happen to the earthquake prone nation, located along one of the most active seismic faultlines in the world.

 

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Sun, 05/19/2013 - 19:52 | 3578723 Fuku Ben
Fuku Ben's picture

What are they nuts!?

Sun, 05/19/2013 - 19:55 | 3578735 FieldingMellish
FieldingMellish's picture

yes

Sun, 05/19/2013 - 20:01 | 3578748 SHEEPFUKKER
SHEEPFUKKER's picture

Surely HAARP quakes and tsunamis never strike twice. 

Sun, 05/19/2013 - 20:13 | 3578797 Big Slick
Big Slick's picture

I honestly can’t believe they shut them all down.  Hugely reactionary.

25,000 people died in a once-in-a-quarter-century tsunami.  THERE WERE NO CASUALTIES CAUSED BY RADIATION (look it up).  And future deaths due to accumulated radiation exposures in the population living near Fukushima are predicted to be extremely low to none.

Japan should have turned these safe sources of their life-blood back on yesterday.

 

Sun, 05/19/2013 - 20:14 | 3578807 knukles
knukles's picture

 

 

Hi Mrs Lubner
Hi Todd.  Would you like a glass of Agent Orange?

Sun, 05/19/2013 - 20:27 | 3578860 LetThemEatRand
LetThemEatRand's picture

Land shark:  Knock, knock, knock.

L. Newman:  Who's there?

Land shark:  Flowers.

L. Newman:  From whom?

Land shark:  Candygram.

Newman:  Wait a minute, you're that land shark, aren't you?

Land shark:  I'm just a dolphin, mam.

Newman:  Oh, dolphins.  I love dolphins. And radiation is good for you!

And scene.

Sun, 05/19/2013 - 20:39 | 3578883 ZerOhead
ZerOhead's picture

5 of the top 10 largest earthquakes since 1900AD (113 years) have occured within the past 10 years...

http://maps.google.com/maps/ms?ie=UTF8&t=h&oe=UTF8&msa=0&msid=2171328601...

And Japan has already been pre-disastered... What could possibly go wrong?

Sun, 05/19/2013 - 20:49 | 3578924 LetThemEatRand
LetThemEatRand's picture

Fortunately, Mothra and Godzilla have been palling around since the '60's, and I heard that even the smog monster has come around to nuclear so it's cool.    And it's okay if it's a three way.

Sun, 05/19/2013 - 21:13 | 3578986 ZerOhead
ZerOhead's picture

They could quite possibly be "Damned if they do"... but they will certainly be clusterfucked beyond all belief if they don't.

It's an ugly choice to be sure... but the right one for right now.

 

Sun, 05/19/2013 - 22:54 | 3579254 MayIMommaDogFac...
Sun, 05/19/2013 - 20:52 | 3578933 nmewn
nmewn's picture

So, which one opened the door...L(TER) Newman or Newman? ;-)

Sun, 05/19/2013 - 21:04 | 3578966 nmewn
nmewn's picture

Script writing is clearly not your forte...lol.

Sun, 05/19/2013 - 20:33 | 3578877 One World Mafia
One World Mafia's picture

A toast to nuclear hell and yen weakness.

May it rise anyway and prevent the US from exporting its inflation.

Sun, 05/19/2013 - 22:26 | 3579180 mkkby
mkkby's picture

One EMP attack, and all those reactors go critical at once.  The island will boil like a lobster.  Good luck, Japan. Lucky you are great friends with North Korea and China.  Oh wait...

Sun, 05/19/2013 - 20:24 | 3578850 LetThemEatRand
LetThemEatRand's picture

"Hugely reactionary."

Good one.

Sun, 05/19/2013 - 20:32 | 3578872 TheLooza
TheLooza's picture

Con-fusion reigns supreme.  But there will be no fall-out.

Sun, 05/19/2013 - 20:37 | 3578890 alphamentalist
alphamentalist's picture

I am so sick to death of this brand of nothing-to-see-here-go-back-to-sleep-nobody-died-yet horseshit. The expert science being trotted out to support TEPCO is a misapplication at best (produced by the same pack of hired-gun assholes that howled at the top of their lungs early in the crisis that a meltdown was IMPOSSIBLE). The amount of ingestible radioactive material bouncing around Kanto is very dangerous to the long-term health of the youth of the area. In fact, looking at the implied deposition levels you are hard pressed to conclude that the total TEPCO release was smaller than 1/2 of Chernobyl--and considering the winds that spared Tokyo, Fukushima was probably several times bigger. Therefore, it is easy enough to compare Fukushima to Chernobyl. Look at the population growth numbers for Ukraine; they are worse than--shock--Japan. It is a death by a thousand cuts feedback cycle: it screws up your genes, so you are less healthy, and it is harder for you to produce children, and if you do produce children their genes are weaker, and so they either die too soon or are sickly or can't produce healthy offspring themselves. Etc, etc, etc. Everyone expects Japan to have pretty severe population stats in the coming decades. Add the biological burden of poison and the numbers will be worse than anyone expected. This is especially true because the Japanese government's lies prohibit them from taking any remediation efforts in the population centers, because that would be as good as a confession of the lie. So, they are guaranteeing a worst-case scenario for their youth.

 

Sun, 05/19/2013 - 20:51 | 3578929 knukles
knukles's picture

Well nobody's died from AGW either, yet.
Soooooo....

 

 

(Let the screaming begin!)

Sun, 05/19/2013 - 20:56 | 3578945 nmewn
nmewn's picture

ITS TOO LATE!!!

WE'RE ALL GONNA DIE!!!...AAAAHHHHHH!!!...THE COLD/HOT/DRY/WET IS UPON US!!!

Sun, 05/19/2013 - 20:55 | 3578941 LetThemEatRand
LetThemEatRand's picture

At least the reactors did not melt down and they are now under control.  http://www.washingtonsblog.com/2013/02/nuclear-expert-the-melted-core-cracked-the-containment-vessel-there-really-is-no-containment-at-fukushima-reactors.html

"After drilling a hole in the containment vessel of Fukushima reactor 2, Tepco cannot find the fuel. "

Sun, 05/19/2013 - 20:48 | 3578923 idou
idou's picture

>THERE WERE NO CASUALTIES CAUSED BY RADIATION (look it up).

No matter how many times I hear this statement, it never sounds any LESS stupid. What is and what can be proven enough to support criminal charges are two different things, asshat. I hope you remember that when you contract untreatable, environmentally caused cancer. Asbestos killed NO ONE . . . . until human science advanced enough to prove otherwise. Oh yeah, and the WHO = the IAEA when it comes to radition related impact to health, so those "predictions" have no credibility.

Sun, 05/19/2013 - 22:31 | 3579194 mkkby
mkkby's picture

Yep -- cancers, infant death and deformities all may be up shockingly high.  But you can't prove the radiation caused that beyond a reasonable doubt.  Lawyers bitchez.

Mon, 05/20/2013 - 01:25 | 3579457 Big Slick
Big Slick's picture

Actually, idou and Jack Burton, there are data that back up the statement.  It's called empirical scientific finding, and it usually beats name-calling, obscenities, and death wishes any day of the week.  

My experience is that those reactions normally infer a defensiveness about one's flawed position.  Don't you?

 

 Brumfiel, Geoffrey (23 May 2012). "World Health Organization weighs in on Fukushima"  Nature (journal)

http://www.who.int/ionizing_radiation/pub_meet/fukushima_dose_assessment/en/index.html

http://blogs.nature.com/news/2012/05/world-health-organization-weighs-in-on-fukushima.html

 

From Nature:

Fukushima’s doses tallied: Studies indicate minimal health risks from radiation in the aftermath of Japan’s nuclear disaster.

"Few people will develop cancer as a consequence of being exposed to the radioactive material that spewed from Japan’s Fukushima Daiichi nuclear power plant last year"

"Experts agree that there is unlikely to be a detectable rise in thyroid cancer or leukaemia, the two cancers most likely to result from the accident. “There may be some increase in cancer risk that may not be detectable statistically,” says Kiyohiko Mabuchi, who heads Chernobyl studies at the National Cancer Institute in Rockville, Maryland."

Increased cancer rates will likely be among workers (167) & not civilians (140,000) ...

"The large population involved could mean that the eventual number of radiation-induced cancers among the public will actually be higher than among workers, even though the risk to each individual civilian is tiny, says David Brenner, a radiologist at Columbia University in New York city. But he doubts a direct link will ever be definitively made. Under normal circumstances, “40% of everybody will get cancer”, he says. “It doesn’t seem to me that it’s possible to do an epidemiological study that will see an increased risk.” Still, it may be valuable to conduct studies to reassure the population that they are not being misled, he adds."

Mon, 05/20/2013 - 06:28 | 3579595 freak of nature
freak of nature's picture

Cancer rates from that particular accident are irrelevant. If they are low, then the Japanese dodged a bullet. The point is, radiation causes cancer. Nuclear power plants in highly seismic areas are dangerous. Nuclear power plants on coastal regions of said seismic areas are a disaster waiting to happen.

Mon, 05/20/2013 - 18:39 | 3582030 Big Slick
Big Slick's picture

So you're recommending Japan tap their massive fossil fuel reserves?

Sun, 05/19/2013 - 20:51 | 3578928 UGrev
UGrev's picture

Non that were reported and/or none "Yet". 

Sun, 05/19/2013 - 21:06 | 3578971 patb
patb's picture

Plenty of casualties, they are just dying slow.

Sun, 05/19/2013 - 21:14 | 3578988 Jack Burton
Jack Burton's picture

And YOU live how close to Fukushima?  And your zero deaths data? Where does that come from?  The government and industry have lied from day one about the releases. And it is not over yet. Easy to talk from half a continent away. The deaths will start and the government will cover them up, it is what they do.

Sun, 05/19/2013 - 20:15 | 3578799 knukles
knukles's picture

 

 

 

bzzzzzt kpht phssssssssssssssss voop pok
psssssssssssssssssssssssss zzzzzzzzzzzzzzzzzzzt

 

ps  thats never strike the same place twice....

Sun, 05/19/2013 - 20:15 | 3578811 alphamentalist
alphamentalist's picture

grow a brain

Mon, 05/20/2013 - 00:05 | 3579363 Mugatu
Mugatu's picture

We (the USA) are nuts too! We only have 23 of these same reactors as Fukushima here in the U.S. operating every day!  At this point, simple math tells you the next Nuke mishap will be here in the U.S. - not Japan.

Sun, 05/19/2013 - 20:04 | 3578758 the Absurd
the Absurd's picture

No, just desperate.

Mon, 05/20/2013 - 12:11 | 3580543 patb
patb's picture

just greedy

Sun, 05/19/2013 - 20:00 | 3578737 Yen Cross
Yen Cross's picture

 UnFucking Believable!  YA JUST HIT A HOME RUN . Kuroda! Fuck me naked<

Sun, 05/19/2013 - 20:04 | 3578756 ekm
ekm's picture

Abenomics figures out.

Abe tried to pay for energy with freshly printed yens, not toyotas and sonys.

Abe tried to have yen behave reserve currency, I give you yen, you give me LNG.

 

Market said: Screw you.

 

Understand now why QE will inevitably stop abruptly?


Benny says: I give you dollar electrons, you give me crude oil, copper etc.

Market said: Screw you. We do multy country currency swaps. Keep your freaking dollars in....reserves.

 

Sun, 05/19/2013 - 20:06 | 3578768 fonzannoon
fonzannoon's picture

The question is when Abe and Ben stop QE what happens to their interest rates? If people don't want dollars/yen why would they want bonds backed by them?

Sun, 05/19/2013 - 20:12 | 3578795 ekm
ekm's picture

Fonz, nobody wants UST at negative rates and MBSs. It's the Fed buying them.

Sun, 05/19/2013 - 20:20 | 3578830 fonzannoon
fonzannoon's picture

I understand it is the fed buying them, but if they stop QE, they fed stops buying.....

Sun, 05/19/2013 - 20:26 | 3578852 ekm
ekm's picture

Then nothing happens until next payment of swaps and repo recalls in shadow banking from primary dealers. Since they're insolvent, they will be forced to sell anything on fire sale starting with the most liquid.

 

Forget the crap that bonds won't drop. This is a liquidity bubble. Everything will drop due to defaults and fire sale.

That's why I suspect that Gold and Silver and down abruptly due to firesales to avoild defaults.

 

Sun, 05/19/2013 - 20:27 | 3578862 fonzannoon
fonzannoon's picture

The most liquid market is the treasury market. I don't disagree with you. But by your logic, it should start there.

Sun, 05/19/2013 - 20:31 | 3578871 ekm
ekm's picture

Somehow it always starts with gold. Same in 2008 as far as I remember. Probably there will always be a market demand for phys gold. 

 

Who's going to provide the market demand for USTs when dumped to meet margin calls?

Sun, 05/19/2013 - 20:36 | 3578881 fonzannoon
fonzannoon's picture

Why dump the most valuable asset when you can dump the most liquid and least wanted? He who sells first....

"Who's going to provide the market demand for USTs when dumped to meet margin calls?"

Bingo.

For some reason I think the Bernak has pondered that question and that is why he can never stop QE.

Sun, 05/19/2013 - 20:43 | 3578905 ekm
ekm's picture

Yes, he CAN. In a practical sense, they will run out of MBSs to buy, same for USTs.

 

The whole system is based on COLLATERAL. If the Fed ends up owning all collateral and we're getting there, the system can't exist.

 

 

Sun, 05/19/2013 - 20:46 | 3578916 fonzannoon
fonzannoon's picture

So let's agree that he can. Then back to this question..

Why dump the most valuable asset when you can dump the most liquid and least wanted? He who sells first....

Sun, 05/19/2013 - 20:57 | 3578953 ekm
ekm's picture

Who is going to sell what? The Fed owns most of the crap?

Primary dealers don't have much USTs left. The APPOINTED SACRIFICIAL LAMBS will sell whatever they have until default thus triggering a chain of defaults in shadow banking

Sun, 05/19/2013 - 21:13 | 3578985 ekm
ekm's picture

So the gentleman is saying that Prudential is solvent and people should invest with them.

 

How can short prudential?

Sun, 05/19/2013 - 21:19 | 3578999 fonzannoon
fonzannoon's picture

LOL what that company is saying is that when the market gets volatile they take their clients balances and buy them bonds. In 2008 almost all of their clients accounts....I'm talking billions, and just one insurance company...almost every single account ended up 100% bonds. The clients were better off for it. They were put into bonds paying 4%.... Now they have hundreds of billions in AUM and their clients may end up lining up to buy those same treasuries again.......

 

Sun, 05/19/2013 - 21:23 | 3579013 ekm
ekm's picture

Ah, that's good.

Pension funds are the suckers.

Let them eat bonds.

Sun, 05/19/2013 - 20:19 | 3578824 Yen Cross
Yen Cross's picture

  I've never doubted you EKM.

Sun, 05/19/2013 - 21:14 | 3578989 patb
patb's picture

The Japanese are investing hard in PV it may change the entire game.

Sun, 05/19/2013 - 19:58 | 3578741 q99x2
q99x2's picture

Why don't they go pick up a nuke from Un and set that off in Tokyo.  Quit beating around the bush. Hood or no hood,

Sun, 05/19/2013 - 19:58 | 3578742 malikai
malikai's picture

Cool. So they've got a bunch of old nukes, clearly unsafe for their geology, been shut down for a couple years, and now they're just going to start em up like an old Chevy?

Sounds like a good idea..

Sun, 05/19/2013 - 20:04 | 3578757 nmewn
nmewn's picture

Its all highly regulated & government inspected Yen-Prime...no worries ;-)

Sun, 05/19/2013 - 20:24 | 3578847 Freddie
Freddie's picture

The maint men or the compaines subcontracted to maintain these old wrecks are Yakuza.  I am not joking Fukishima's maint was supposedly a joke.

Sun, 05/19/2013 - 20:32 | 3578875 nmewn
nmewn's picture

Always look for the union label when maintaining nuke plants or purchasing Twinkies.

High quality...good shit ;-)

Sun, 05/19/2013 - 20:00 | 3578745 q99x2
q99x2's picture

Great ads on this Sunday. Tits up on both sidepanels. Chinese on the one side. Thai on the other.

Sun, 05/19/2013 - 20:06 | 3578767 bankonthebust
bankonthebust's picture

Ads are based on YOUR previous browsing history... Just sayin.

Sun, 05/19/2013 - 20:15 | 3578812 Big Slick
Big Slick's picture

Why are mine all half-naked dudes?  (oh...)

Sun, 05/19/2013 - 20:01 | 3578749 i8emallup
i8emallup's picture

AP and bloombarf will soon report that Fukushima has passed inspection and will be back on line in about 2 weeks.

Sun, 05/19/2013 - 20:01 | 3578751 nmewn
nmewn's picture

I'm long concrete pilings with shock absorbers on their little feets to stick portable generators on.

Sun, 05/19/2013 - 20:04 | 3578761 Hulk
Hulk's picture

and connectors (that actually fit) along with long enough cables...

Sun, 05/19/2013 - 20:07 | 3578775 nmewn
nmewn's picture

It was an amazing thing to watch...sitting on the edge of the ring of fire with no back-up plan...Keystone Cops type stuff.

You send female! I need male!!! What wong wid you...aaeeeiiiii...lol.

Sun, 05/19/2013 - 20:01 | 3578752 observer007
observer007's picture

The Powerfull Secret Weapon of North Korea

Kim Jong's secret weapon could be a threat to the western world.

Kim is magic:

http://homment.com/north-korea1

Sun, 05/19/2013 - 20:07 | 3578772 knukles
knukles's picture

Do not show that to somebody on acid

Sun, 05/19/2013 - 20:10 | 3578783 de3de8
de3de8's picture

007& knucks,
Thanks for best laugh in days!

Sun, 05/19/2013 - 20:02 | 3578753 Milestones
Milestones's picture

Fukushima here I come, right back where I started from. My oh my how time flies when you're having fun.          Milestones

Sun, 05/19/2013 - 20:03 | 3578754 THE DORK OF CORK
THE DORK OF CORK's picture

Radiation vs food in the belly.

 

Dorks will always go for food and beer first.

 

Loss of energy in physical systems designed to operate at certain densities kills far more people then possible cancer.

 

Sun, 05/19/2013 - 20:12 | 3578801 Bastiat
Bastiat's picture

How about radioactive food in the belly?  No need to choose!

Sun, 05/19/2013 - 20:20 | 3578817 THE DORK OF CORK
THE DORK OF CORK's picture

Sure.

You will eat the stuff when you get hungry.

Your inner  Reptilian brain inside will give you no choice in the matter.

 

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

Sun, 05/19/2013 - 20:56 | 3578946 knukles
knukles's picture

reading that made my tongue shoot out at the moth...

Sun, 05/19/2013 - 20:31 | 3578870 SWCroaker
SWCroaker's picture

Engineer sees problem: begins work on answer.

Sheeple sees problem: PANIC!

 

How about you work on giving funding and support to problem solvers, rather than declare defeat from the comfort of your recliner?

Sun, 05/19/2013 - 20:39 | 3578887 THE DORK OF CORK
THE DORK OF CORK's picture

Almost all funding goes to "value added products"

Very little to primary industry.

Those value added products burn through the capital base at a super efficient rate.

Whoops ...........sorry..........no funding for reactors.

Make do with what you have got.

 

Its the way things are...........the monetary system breeds efficiency rather then redundancy as that is where the profits are.

Sun, 05/19/2013 - 20:42 | 3578902 SWCroaker
SWCroaker's picture

If president DWad can see fit to create $85B a month to support his Wall St. banking friends, I doubt any would object to $85B annually to begin corrective/remediation/improvements on the nations nuke facilities.   Seems that the monetary system is run by types that think admitting that there are issues is political suicide, and therefore worth postponing 'till after their term is up.

Idiocy.

Sun, 05/19/2013 - 21:29 | 3579024 nmewn
nmewn's picture

Oh goodness, lets not be practical here.

By proposing an unfeasible national policy that results in taking us back to the stone age...or at least to the windmill-steam age, might lead to a loss of constituency support!

Oh wait...they sold it to the sheeple to benefit their cronies...so, scratch that.

Yes, idiocy.

Sun, 05/19/2013 - 20:02 | 3578755 Schlomo Bergstein
Schlomo Bergstein's picture

Nuclear fears aside, without a source of energy, Japan will devolve into a third world nation.

Sun, 05/19/2013 - 20:08 | 3578774 knukles
knukles's picture

 

 

                                  maniacal laughter

Sun, 05/19/2013 - 20:08 | 3578781 Yen Cross
Yen Cross's picture

  Homogeneous Ignoramus/ Japan has gone full retard!

Sun, 05/19/2013 - 20:27 | 3578760 THE DORK OF CORK
THE DORK OF CORK's picture

The Japan thingy caused a massive LNG crisis in Europe.

It was a question of who would eat the Qatar LNG pies first - The UK or Japan ?

 

This multi year process killed far more people already via the mechanism of poverty.

 

Both Jap & euro land entrepot economies need basic primary industry.

Without nuclear they are third world places as can be seen by eurolands post 1986 energy policy.

Sun, 05/19/2013 - 21:12 | 3578984 TNTARG
TNTARG's picture

Well, as radiation works on, nees are going to go down...

News you can find on the Internet with a little surfing are actually disturbing.

Sun, 05/19/2013 - 20:08 | 3578765 lolmao500
lolmao500's picture

The Kashiwazaki-Kariwa plant has boiling water reactors--the same type as those at the Fukushima No. 1 nuclear power plant, which suffered meltdowns following the March 2011 earthquake and tsunami.

Not to mention... if this on goes boom... Japan would be cut in two as most of the radiation goes from west to east because of winds... they were VERY LUCKY with Fukushima being on the east coast right on the ocean...

Even better, they have a reactor in Tsurunga, on the Japanese west coast, directly in line with Tokyo... and it's on a fault line.

http://www.nytimes.com/2013/05/16/world/asia/japanese-reactor-is-said-to...

Sun, 05/19/2013 - 20:10 | 3578788 knukles
knukles's picture

Oh man.... the gold goes from west to east as well...
There's something here we're not grasping

 

maniacal laughter

Sun, 05/19/2013 - 20:07 | 3578769 fuu
fuu's picture

"the same type as those at the Fukushima No. 1 nuclear power plant, which suffered meltdowns following the March 2011 earthquake and tsunami."

As did 2 and 3.

http://edition.cnn.com/2011/WORLD/asiapcf/06/06/japan.nuclear.meltdown/i...

http://www.youtube.com/watch?v=pdHbp-tU5O0

Sun, 05/19/2013 - 20:07 | 3578776 booboo
booboo's picture

These things are a snap to fire up

Start Up Instructions:

Open Lead Door

Push Red "Start" Button

Pull Yerrow lever "Send Erectricity"

Sushi Break

Crose Lead Door

(sarc)

 

 

 

 

Sun, 05/19/2013 - 20:12 | 3578804 de3de8
de3de8's picture

Make sure Homer is on the job.

Sun, 05/19/2013 - 20:53 | 3578935 WmMcK
WmMcK's picture

And Dante, too.  Abandon all hope ...

Sun, 05/19/2013 - 20:08 | 3578778 jal
jal's picture

Great new!!!!!!

Now is the time to learn from their experiments.

Sun, 05/19/2013 - 20:10 | 3578780 THE DORK OF CORK
THE DORK OF CORK's picture

Don't suppose any of yee guys caught the

 

 

IEA Feb Monthly Electricity Statistics is showing brutal declines in OECD Europe.

It looks like a repeat of 2008/9 but more centered on Europe this time around the sun.

OECD Europe
Feb Elec. supplied : -7.1%
Jan Feb : – 2.7%

Both France & Germany down 9 % in Feb.
With Finland & Czech Rep down 11+ %

Portugal looks like a war zone with elec supplied down 21.3% in Feb & 15.5% Jan to Feb.

http://www.iea.org/stats/surveys/mes.pdf

 

 

Sun, 05/19/2013 - 20:52 | 3578934 lesamourai
lesamourai's picture

Well spotted.  Hadn't seen it.  Have now.  Those are epic figures.  If I I didn't know differently I'd have to say that consumption is collapsing.

Sun, 05/19/2013 - 22:25 | 3579176 Cathartes Aura
Cathartes Aura's picture

*light bulb moment*

homeless use much less electricity.

Sun, 05/19/2013 - 22:39 | 3579213 ekm
ekm's picture

Thx a lot. usually gov data is way way worse than published

Sun, 05/19/2013 - 20:09 | 3578782 Dr. Engali
Dr. Engali's picture

Damn what in the hell is the NRA doing with my membership dues that Japan has to okay it by them in order to start up their reactors?

Sun, 05/19/2013 - 20:09 | 3578784 Divine Wind
Divine Wind's picture

 

 

 

Insane.

 

Sun, 05/19/2013 - 20:10 | 3578789 phantom blot
phantom blot's picture

q99x2    "Great ads on this Sunday. Tits up on both sidepanels. Chinese on the one side. Thai on the other."

mate thats a function of what porn sites you have been visiting recently - you are obviously of asian persuasion

 

Sun, 05/19/2013 - 20:14 | 3578806 GoldForCash
GoldForCash's picture

This way they die with a full belly. I don't know how to explain the silliness in the markets, but that's what they are counting on. Keep your heads and your PM'S

Sun, 05/19/2013 - 20:20 | 3578832 Sparkey
Sparkey's picture

"that just two years after a wholesale shutdown of Japan's nuclear power plants demanded by the people, Japan is once again going to reactivate its nuclear power plants, much to the chagrin of the already massively irradiated local population."

Take a people with a long history of submission and respect for authority, put the right people on TV and you can do anything you want for a long time before a new social order emerges, behavior is deeply entrenched and woven in with quasi  and more, religious attitudes towards honor and valor, this Japanese happening will be a great test of the power of Tv to get people, who want to believe, to accept a reality they know harms them, and they feel is unnecessary, the goal is unworthy of the sacrifice, (perhaps)?             

Sun, 05/19/2013 - 20:22 | 3578838 beavertails
beavertails's picture

The Japs deserve exactly this as they are always loyal to the regime and they gave the world Karoake.

Sun, 05/19/2013 - 20:23 | 3578842 Hubris hangover
Hubris hangover's picture

Same under-investment and hysteria about coal will see same thing happen to coal-fired power in 12-24 months.

Sun, 05/19/2013 - 20:24 | 3578851 Yen Cross
Yen Cross's picture

   Seppuku style.  crazy Japs

Sun, 05/19/2013 - 23:08 | 3578857 SWCroaker
SWCroaker's picture

Wow.  From the whining, you'd think they could just *wish* cheap energy into being.

Sorry that things aren't just simple black and white.  Yes they have a fleet of crappy designed Nuke plants.  That are aging.  That have years of spent fuel stored on site.  Most of the sites are seismic, and many are near sea level for access to water.  Fukushima is an ongoing mess, I hear the clean up is planned to run for the next 40 years.

Current situation bites, all right.

But what's the freaking alternative: sit in the dark?  Every one of the problems that *is* known about has a fix.  Including eventually moving to nuke plants *designed* for safe power, designs *not* based on the need to produce weapons grade waste.  Maybe Japan has decided to buck up, be mature, and deal with their frickin nuke plant issues?  Turing off the switch on all of them for fear certainly wasn't mature.

 

As for the Western types who love to throw stones, how about you get your own sh*t together in regards to the hundreds of thousands that die annually due to pollutants from coal fired power plants?  If you're not going to get your populist environmental OMG panties twisted tight in a wad over that, you have no business backseat driving on the morality of what Japan does or does not do.  

 

Nuke has the potential to be a energy savior for this planet.  Fear mongering over it adds to the problems, it does not help.  The bulk of the problems stem from on-site storage of waste, exacerbated by politicos who fan the don't-transport-that-sh*t-thru-my-town fears.   Buncha prissy babies don't wanna grow up.  You want your freaking cheap energy, wanna believe that waste will just go away if you ignore it, and you bury your heads in the sand when it comes to the consequences of bottling the toxic garbage up on site.    TANSTAAFL. 

Mon, 05/20/2013 - 01:54 | 3579477 Hengist
Hengist's picture

Oil is radioactive as is coal ash so are the Rockies as is Cornwall, the world is radioactive get used to it.

Mon, 05/20/2013 - 05:25 | 3579585 Bearwagon
Bearwagon's picture

Those are quite different radioactive elements, not to be confused with heavy transuranic elements.

Sun, 05/19/2013 - 20:41 | 3578899 squidward
squidward's picture

 

 

Reactivation of the two reactors at the Kashiwazaki-Kariwa nuclear power plant could help stabilize the power supply situation for eastern Japan, including the Kanto region, 

 

Kanto region...

 

OR maybe they should just harness the power of Pikachu's volt tackle.

Sun, 05/19/2013 - 20:52 | 3578927 Yen Cross
Yen Cross's picture

     I'm still trying to work through the cost benefits of TPL firing up reactors again.

   Japan has irradiated the Pacific Ocean for the next 100 years. I'm going to start spending some of my cash to stop this destruction of life!

  I'm not some bleeding heart Liberal.

Mon, 05/20/2013 - 01:51 | 3579475 Hengist
Hengist's picture

Rubbish the ocean is already radioactive with strontium and other fun elements.  Fukushima will have made no difference except locally.

Mon, 05/20/2013 - 05:20 | 3579581 Bearwagon
Bearwagon's picture

That's simply not true.

Sun, 05/19/2013 - 21:33 | 3579031 yogibear
yogibear's picture

Ya, keep trashing the yen. 

Sun, 05/19/2013 - 21:42 | 3579053 americanspirit
americanspirit's picture

Wouldn't it be interesting to overlay that map of the nukes that TEPCO plans to restart with a map of mag 6+ earthquakes in the last ten years or so.

Sun, 05/19/2013 - 21:51 | 3579065 suicidalpsychologist
suicidalpsychologist's picture

I swear, old generations of japanese are suicidal. They somewhat want to punish themselves for some reasons.

 

Young japanese must move to north america asap, their elders are decided to kill them all.

Sun, 05/19/2013 - 22:16 | 3579155 nathan1234
nathan1234's picture

Ah just a case of Irrational Irradiation

Nothing more

Sun, 05/19/2013 - 22:16 | 3579158 WallowaMountainMan
WallowaMountainMan's picture

japan was such a beautiful island.

genuine sadness for a noble culture.

:(

Mon, 05/20/2013 - 00:16 | 3579374 VyseLegendaire
VyseLegendaire's picture

Yea, ::sniff::

 

I'm gonna miss the noble culture of hentai, bukkake, panty sniffing geezers and monster collecting video games.

Mon, 05/20/2013 - 01:49 | 3579472 Hengist
Hengist's picture

Not to mention it's proud tradition of torturing prisoners in highly inventive yet extremely painful ways.

Sun, 05/19/2013 - 22:18 | 3579163 ironmace
ironmace's picture

You know Godzilla is coming as soon as they throw the switch.

Mon, 05/20/2013 - 08:15 | 3579715 Vooter
Vooter's picture

With a purposeful grimace and a terrible sound, no less!

Mon, 05/20/2013 - 09:17 | 3579875 moonman
moonman's picture

I love Blue Oyster Cult in the morning

Sun, 05/19/2013 - 22:35 | 3579201 Loophole
Loophole's picture

This place is a strange combination of highly intelligent and knowledgeable posters and complete wackos.

Sun, 05/19/2013 - 22:41 | 3579219 akak
akak's picture

The dividing line between genius and complete wacko is very thin and purely arbitrary.

Sun, 05/19/2013 - 22:36 | 3579204 Loophole
Loophole's picture

This place is a strange combination of highly intelligent and knowledgeable posters and complete wackos.

Mon, 05/20/2013 - 08:14 | 3579713 Vooter
Vooter's picture

And highly intelligent and knowledgeable wackos...

Sun, 05/19/2013 - 22:42 | 3579220 Stuck on Zero
Stuck on Zero's picture

Big question ... there are a dozen ways to make the current plants safer.  Fast and low cost ways.  Will they be willing to do these few little mods or are they so entrenched in their stupidity as to carry on as is?

 

Mon, 05/20/2013 - 08:13 | 3579711 Vooter
Vooter's picture

"Will they be willing to do these few little mods or are they so entrenched in their stupidity as to carry on as is?"

What do you think?

Sun, 05/19/2013 - 23:59 | 3579353 NoWayJose
NoWayJose's picture

Reactivating will only need to be temporary. Once the next accident happens the entire country will be illuminated day and night with a soft glow - thereby eliminating the need for electric lights.

Mon, 05/20/2013 - 00:00 | 3579355 suicidalpsychologist
suicidalpsychologist's picture

who cares anyway, japan is one earthquake/tsunami away from being wiped from the map because of massive and irremediable irradiation.

Mon, 05/20/2013 - 00:43 | 3579418 Joebloinvestor
Joebloinvestor's picture

So much for Japanese innovation.

That TEPCO is still allowed on the premises is an insult.

Mon, 05/20/2013 - 00:56 | 3579428 TWSceptic
TWSceptic's picture

Finally. I don't get the hate here. I hope the rest of the world follows quickly (and they will).

Mon, 05/20/2013 - 08:11 | 3579709 Vooter
Vooter's picture

Yeah, really...what could go wrong?

Mon, 05/20/2013 - 02:17 | 3579497 jonjon831983
Mon, 05/20/2013 - 05:01 | 3579574 petrossa
petrossa's picture

Nuclear energy is the safest, most cost effective, reliable, cleanest way of energy production per kw in existence to date. Of the 1000's of 1st generation reactors only 1 has fatally failed (chernobyl, which is now a very richly populated nature reserve with a marked lack of deformed animals),  caused by human error, one has failed somewhat by human error (3 mile island), and one needed a massive earthquake, a tsunami, multiple chemical explosions, a badly designed backup cooling system and human errors to spread a relatively small contamination.(fukyousima)

Overall the (many) minor accidents have not resulted in a noticable uptick in deathrate/disease, whereas the massive number of accidents with other forms of energy production caused enormous disasters with massive loss of life and property.

In the meantime those 1000's of powerplants have produced petawatts of electricity and still continue to do so to date.

The cost/benefit relation is massively in favor of nuclear. Obviously. There is no more efficient way of producing energy than mass/energy conversion.

 

Mon, 05/20/2013 - 05:19 | 3579580 Bearwagon
Bearwagon's picture

Yeah, the long time cost/immediate benefit relation is massively in favor of nuclear (paid for with billions and billions of taxpayers money). Obviously there is no more efficient way of reaping profits than tax/revenue conversion.

There, FIFY

Mon, 05/20/2013 - 06:29 | 3579609 shovelhead
shovelhead's picture

The energy return will still be better than with Solyndra PV panels.

Mon, 05/20/2013 - 08:42 | 3579767 NEOSERF
NEOSERF's picture

Queue Godzilla...Gamma rays bitchez!

Mon, 05/20/2013 - 13:55 | 3581029 Helvetico
Helvetico's picture

Shimbun, not Shumbun.

Mon, 05/20/2013 - 15:27 | 3581375 css1971
css1971's picture

Just looking at the comments... I'm totally buying everything nuclear.

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