Posts filed under “Energy”
Hurricane Sandy May Score a Direct Hit On Spent Fuel Pools at Nuclear Plant
Preface: We hope and expect that the severity of the hurricane is being overblown, and that the nuclear plants in the Northeast will ride out the storm without any incident.
We noted Friday that more than a dozen nuclear plants are near Hurricane Sandy’s path.
- You’ll hear in the next 2 days, “We’ve safely shutdown the plant”
- What Fukushima taught us is that doesn’t stop the decay heat
- You need the diesels to keep the reactors cool
- 26 plants in the East Coast are in the area where Sandy is likely to hit
- Fuel pools not cooled by diesels, no one wanted to buy them
- If recent refuel, hot fuel will throw off more and more moisture from pool
- Reactor buildings not meant to handle the high humidity
- Fuel pool liner not really designed to approach boiling water, may unzip if water gets too hot
- A lot of problems with allowing fuel pool to over
- Need water in around 2 days if hot fuel in pool
- The only fall-back if power is lost is to let fuel pools heat up
EneNews also reports that the hurricane is forecast to directly hit the Oyster Creek nuclear plant and that – while the plant is currently shut down for refueling – it still might very well have new, very hot fuel in the fuel pools:
Oyster Creek Nuclear Generating Station is located near New Jersey’s shoreline in an area forecast to take a direct hit from Hurricane Sandy: “The current ‘track center’ for the landfall path is central New Jersey pointing Sandy in a path that would hit Oyster Creek nuclear station.” -SimplyInfo
NRC Whistleblowers: Risk of Nuclear Melt-Down In U.S. Is Even HIGHER Than It Was at Fukushima Numerous American nuclear reactors are built within flood zones: As one example, on the following map (showing U.S. nuclear power plants built within earthquake zones), the red lines indicate the Mississippi and Missouri rivers: Numerous dam failures have occurred…Read More
Oil & Tonight’s Debate David R. Kotok October 22, 2012 The presidential debate tonight on foreign policy will quickly return to domestic economics if, as and when each of the antagonists can wiggle it in. In two more weeks we will quickly go from speculative uncertainty to new forecasts. The Senate composition will…Read More
Interesting discussion regarding new ways to plant and fertilize: The most popular fuel-reducing strategy involves a radically new way of planting seeds. Instead of breaking up the ground with a plow to plant seeds, no-till farming leaves the remains of last year’s crop on the surface. Drills punch through this mat of vegetation…Read More
The Wars in the Middle East and North Africa Are NOT Just About Oil … They’re Also About GAS The Iraq war was really about oil, according to Alan Greenspan, John McCain, George W. Bush, Sarah Palin, a high-level National Security Council officer and others. Dick Cheney made Iraqi’s oil fields a national security priority…Read More
Australia 2nd Q GDP came in at +0.6% Q/Q, well below +1.4% in the 1st Q and below the +0.7% rise expected. Y/Y, the economy grew by +3.7%, though this pace of growth will decline sharply in H2 as capex in the mining sector (currently just in iron ore, but likely to extend to coal)…Read More
Click to enlarge:
Source: Bianco Research
The chart above shows the amount of oil in the Strategic Petroleum Reserve (SPR). Highlighted on the chart above are the five releases of oil from the reserve.
In 1996 and 2000 these releases occurred during the presidential campaign season for what seemed like no urgent need. The other three occurred because geopolitical events or weather disrupted supply – 1990 (Desert Storm), 2005 (Hurricane Katrina) and 2011 (Arab Spring with Libya going off-line).
Based on the story below, it sounds as though this is nothing more than politics during the election season.
Reuters.com – Exclusive: White House dusting off plan for potential oil release
The White House is “dusting off old plans” for a potential release of oil reserves to dampen rising gasoline prices and prevent high energy costs from undermining the success of Iran sanctions, a source with knowledge of the situation said on Thursday. U.S. officials will monitor market conditions over the coming weeks, watching whether gasoline prices fall after the September 3 Labor Day holiday, as they historically do, the source said. It was too early to say how big a drawdown would be from the U.S. Strategic Petroleum Reserve and, potentially, other international reserves if a decision to proceed was taken, the source said. Oil prices have surged in recent weeks, with Brent crude prices closing in on $120 a barrel, up sharply from around $90 a barrel in July. The United States and other Group of Eight countries studied a potential oil release in the spring but shelved the plans when prices dropped. With prices high again, U.S. officials were now collecting information from the market about potential needs and studying futures, production numbers and data on Iranian oil exports. “The driving force in this is both impact on the economy and impact on the Iran sanctions policy,” the source said, noting that Washington did not want rising oil prices to create a windfall for Iran while oil embargo and international sanctions were having an effective impact. The United States has yet not held talks with international partners about a coordinated move. The source noted that Britain, France, Germany and other partner nations in the Paris-based International Energy Agency were receptive to a potential release a few months ago when conditions were similar.