And Now, Jaczko's Legacy
The Market Ticker ® - Commentary on The Capital Markets
Posted 2012-08-09 15:32
by Karl Denninger
in Energy
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And Now, Jaczko's Legacy
 

I hate it when I'm right...

My largest concern at the moment is that we're not getting honest information from anyone.  Unfortunately, I am forced to conclude, after significant effort, that Mr. Jaczko's credibility is questionable - and that's being kind.

In order to support a fission-based nuclear program of any sort in fact, despite whatever jawboning you might do, it is necessary to support reprocessing and burn-up of reaction products.  It is also necessary to support production of new fissile materials from fertile ones.  This isn't conjecture, it's fact.

That was March of 2011.  Today?

NEW YORK (CNNMoney) -- The U.S. government said it will stop issuing permits for new nuclear power plants and license extensions for existing facilities until it resolves issues around storing radioactive waste.

Now we're f*ed.  There are 14 reactors that are awaiting license extensions.  Without them when their existing authorizations expire they will be forced to shut down.

All of this over politics, specifically Mr. Harry Reid, who is very interested in derailing the Yucca Mountain storage facility -- a facility that Jaczko killed through a procedure that was arguably illegal.

Behind every unit of GDP is a unit of energy.  We either resolve this problem, and we should resolve it using something like this proposal (or its expanded cousin in Leverage to the right) or we're in real trouble in a few years as these licenses expire.

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User Info And Now, Jaczko's Legacy in forum [Market-Ticker]
Gamma
Posts: 5554
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We either come up with photosensitive welfare checks or we're done.

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This stuff we're going through, this is nothing compared to the Middle Ages.
They told me if I voted for John McCain, an idiot would be a heartbeat away from the presidency. Sure enough...
Shannonlk1
Posts: 111
Incept: 2008-12-02

Raleigh
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I gotta think that them holding back the licensing, is a indirect way of promoting some other energy industry. Some industry will benefit from this, just not sure who. Maybe natural gas??

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Criminals thrive on the indulgence of Society's understanding.
Jack_crabb
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Peoples' Republik of Maryland
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Obummer says, "Solar, baby, solar!"

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Molon Labe

Where is Henry Bowman when you need him?
Kylafoon
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Gold
Zombie Portal Lookout
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At this point I'm expecting a complete collapse.
Right down to lights out and grocery stores emptied out
and burned to the ground.
I think I'll change my by-line to

"The worse it gets, the better I like it."

Bring it...

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"...But whenever we see things done wildly, but taken tamely, then the State is growing insane..." - Gilbert Keith Chesterton 1910

"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008
Duc888
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...There actually was a link yesterday to the NRC page stating this. I saw this with my own eyes. Now the link is dead.

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...burp
Bagbalm
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Just North of Detroit
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There will be plenty of energy for the elite. People like Mr. Reid enjoy a meal more if somebody is hungry. They savor the warmth is somebody is cold. Peasants should live like peasants. What is the point of being rich if the peons are content? They should suffer so you are more keenly aware of how superior you are.
Seanmiller
Posts: 80
Incept: 2009-10-29

North Denver
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Its so funny to hear people praddle on about renewable energy. Most forms of renewables have the same issue that electric cars have...energy density. While I am usually not a huge fan of TED Talks, one by David MacKay actually inadvertently tells the true reason renewables are, on a large scale, utter crap:
http://www.ted.com/talks/david_mackay_a_....

Nuclear is the way forward...that much I can easily understand. While I cant claim much knowledge in the area, from what I have heard here and from others, LFTRs really seem like the most logical solution.
Lowbeyond
Posts: 16892
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Green A True American Patriot!
CO aka West NJ/East CA
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There are those words again...

permits
license

Shocking.

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Maybe it was a birdy bread-bomber from the future?!
Rvacha
Posts: 8295
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Gold
Cleveland
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Thorium anybody? These guys will bring down the country if that's what it takes to avoid doing something intelligent

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"I suggest you panic." - Hugh Hendry
Vitchilo
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Incept: 2011-04-27

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Agenda 21.

Also a lot of people in Washington have invested in natural gas... maybe that's what they gonna do it.

Or you know, hell might freeze over and thorium plants might be built.

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"Every normal man must be tempted at times to spit upon his hands, hoist the black flag, and begin slitting throats." -- H.L. Mencken
Mdporter
Posts: 560
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San Jose, CA
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Put every local, state, and federal employee on an exercise bike and tie it into the grid. they must peddle 8 hours a day m-f.

Next, everyone that receives government money for not working (welfare, medicare, pension, whatever) reports to the same green energy facility and pedals 8 hours a day, including weekends.


Not reprocessing the spent fuel rods is stupid. We have the technology to do it right now and it is proven. We need more cheap power, not more green energy, unless it is the classes of people listed above who should report to the green energy facilities immediately and do something useful for a change.

Imustbenutz
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Absurdistan, USSA
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Soon there will be plenty of worthless Federal Reserve Notes to keep us peasants warm in the winter.
Bsfootprint
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Green
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Lowbeyond wrote..
There are those words again...

permits
license

Shocking.
Yup. Force. Violence. Comply. Or die.

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When I hear central bankers are blowing bubbles, I like to picture a large, happy and well-endowed male chimp named 'Bubbles'...
Mac
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Just one more reason to get rid of the bastard *****son in the WH in November, as if there weren't already millions of them.
Marvinmartian
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Green
Pasadena, CA
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It would take at least 5 years or so to build a thorium-powered reactor. Getting the heat from a molten thorium salt to a turbine is an engineering problem that is quite solvable but has not yet been done on an industrial scale.

However, a thorium reactor will still generate an intense neutron flux. It will activate everything in the immediate vicinity.

It will still need permits, license and will generate low level waste to be disposed of. The huge difference is that the waste is fission products rather than plutonium and other trans-uranic elements.

The waste will still need storing for a long time.

Once people start freezing in the dark the permitting process might change.

It would then be too late.

I've been thinking about Ken Deffeyes personal solution to the energy problem(Beyond Oil: The View from Hubbert's Peak): a rural location with a wood lot.

That might be more and more a practical step to take.
Bertdilbert
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You can't have an administration pushing expensive wind and solar power and not expect them to throw a monkey wrench into cheap competitive nuke energy. Looks like mission accomplished.

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Dear Euroland: Relax, Germany has a plan for your money!

Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
Vitchilo
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And let's all forget the NRC being corrupted to the bone.

http://www.google.com/hostednews/ap/arti....
Quote:
US nuke regulators weaken safety rules

Federal regulators have been working closely with the nuclear power industry to keep the nation's aging reactors operating within safety standards by repeatedly weakening those standards, or simply failing to enforce them, an investigation by The Associated Press has found.

Time after time, officials at the U.S. Nuclear Regulatory Commission have decided that original regulations were too strict, arguing that safety margins could be eased without peril, according to records and interviews.

The result? Rising fears that these accommodations by the NRC are significantly undermining safety — and inching the reactors closer to an accident that could harm the public and jeopardize the future of nuclear power in the United States.

Examples abound. When valves leaked, more leakage was allowed — up to 20 times the original limit. When rampant cracking caused radioactive leaks from steam generator tubing, an easier test of the tubes was devised, so plants could meet standards.

Failed cables. Busted seals. Broken nozzles, clogged screens, cracked concrete, dented containers, corroded metals and rusty underground pipes — all of these and thousands of other problems linked to aging were uncovered in the AP's yearlong investigation. And all of them could escalate dangers in the event of an accident.

Yet despite the many problems linked to aging, not a single official body in government or industry has studied the overall frequency and potential impact on safety of such breakdowns in recent years, even as the NRC has extended the licenses of dozens of reactors.

Records show a recurring pattern: Reactor parts or systems fall out of compliance with the rules. Studies are conducted by the industry and government, and all agree that existing standards are "unnecessarily conservative."

The AP found proof that aging reactors have been allowed to run less safely to prolong operations. As equipment has approached or violated safety limits, regulators and reactor operators have loosened or bent the rules.

Last year, the NRC weakened the safety margin for acceptable radiation damage to reactor vessels — for a second time. The standard is based on a measurement known as a reactor vessel's "reference temperature," which predicts when it will become dangerously brittle and vulnerable to failure. Over the years, many plants have violated or come close to violating the standard.

As a result, the minimum standard was relaxed first by raising the reference temperature 50 percent, and then 78 percent above the original — even though a broken vessel could spill its radioactive contents into the environment.

All good...

Clean the NRC, enforce REAL NUCLEAR STANDARDS... then we can talk.

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"Every normal man must be tempted at times to spit upon his hands, hoist the black flag, and begin slitting throats." -- H.L. Mencken

Azusgm
Posts: 2399
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East Texas
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Adopting the Japanese solution to radioactivity...change the safety standards after the fact.
Zzt
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Glendale az
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"Again, we have forgotten what the market is supposed to be.

It is a price-discovery mechanism."

That says it all. A quote to remember.
Mannfm11
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Online
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I wonder what calibur they are using to shoot us in the foot?

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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
Zarathustra
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Funkytown
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Whatever it takes to accelerate the collapse, I'm all for now. This bull**** can kicking is getting tedious.

Forgive all student loans, cram down all underwater mortgages, allow SNAP cards to purchase crack, invade Iran, triple down on derivatives, double the military budget and provide free ceremonies for gays who want to marry. Do It All Now....


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"And in knowing that you know nothing, that makes you the smartest of all." - Socrates

Genesis
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Mann: Cannon.

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Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?

Jackl
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Brown outs set to GO for next year.

"We need gas/solar/wind now" speech ready.
Heavily manipulated energy bill, pre-assembled.

They don't care about the economy. Long as they're the top 1% via means of force rather than organic surplus they don't care how much damage they do.




Analog
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arkansas ozarks
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Quote:
There will be plenty of energy for the elite.


Bag: yes, that's one of the handy features of the much hyped "smart grid"

Frankly the idea of a micromanaged grid right down to the level of individual wall outlets doesn't reassure me, it makes me damn nervous.

From National Electrical Manufacturers' site:

Quote:
Sub-metering at the receptacle level with communication capability to a central controller. The controller could turn off the receptacle in case demand-response would dictate that and the customer gave previous permission

http://blog.nema.org/blogs/currents/arch....

Reason: spelling.. (Bad spelleres of the world - Untie! )
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