Slashdot Mirror


Japan Plans to Restart Most of Their Nuclear Reactors

pigrabbitbear writes "Areva, the French nuclear fuel company, helps supply Japan with a lot of its juice. And Areva's chief executive says that Japan is going to restart up to six reactors by the end of the year. Eventually, it's going to power up at least two thirds of them. Japan's prime minister Shinzo Abe has been a little cagey, but he recently told the press that yes, despite the upcoming March 11th anniversary of the Fukushima crisis, the nuke plants are coming back online." Supposedly, they are overhauling their nuclear regulatory agencies to fix the massive failure and regulatory capture that led to Fukushima being run unsafely. They are also not going to restart reactors that are on active fault lines; this includes the largest reactor complex in the world. Vaguely related, the Vogtle plant expansion in the U.S. is running a bit over budget, with folks like the Sierra Club seizing the chance to call for an end to construction (unlikely, since Georgia Power says it'd cost customers more, even pretending natural gas is infinite and will always be cheap, to halt construction in favor of any other kind of power plant), and legislators aiming to 'protect' customers from cost overruns. However, it looks like unless action is taken the nuclear renaissance is already dead due to the inherent short-sightedness of the "free market."

56 of 255 comments (clear)

  1. Nuclear Bias by Sigvatr · · Score: 4, Insightful

    I feel that there is a lot of stigma against nuclear energy these days (particularly here on Slashdot), and for good reason. However, I don't often see people making a case FOR nuclear power, because there are definitely many good reasons to defend its use. Is this because people are afraid of speaking out, or because nuclear power really is that bad?

    1. Re:Nuclear Bias by symbolset · · Score: 2, Insightful

      Below us here will now follow several hundred comments, most lauding nuclear power and bashing all other forms of energy as more toxic, costly and dangerous. All of them pretending there is no geothermal. It happens every time.

      --
      Help stamp out iliturcy.
    2. Re:Nuclear Bias by thesupraman · · Score: 3, Insightful

      It's mainly because people were so convinced by the cold war 'nuclear terror' campaigns run by the west (and probably the other side also) that they cannot see past that.

      Hence we get large amounts of patently false 'common knowledge' ingrained in peoples minds when they evaluate anything to do with the words nuclear or radiation.

      The biggest problem we should be worried about is that old, out of date, and less safe (than modern) plants will be kept active WAY past their best before dates because so much effort has gone in to making it basically impossible to even design, let al9ong build next generation plants that there is little choice.

      Costs and timelines in the west (especially America) have ballooned due to the mountain of legal and social blocks put in the way of building plants, meaning time lines and non-technical costs now hugely dwarf the actual real cost of building the plants, and make them unaffordable.

      In the meantime we have the same organisations both screaming at us that we need to reduce CO2 emissions (or the world will end!), AND that anything related to the word 'radiation' is satans work and must be stopped at all costs.

      It is good that the Japanese are showing some signs of reality-based decision making here, and at least the Chinese are actually starting to progress design improvements. America should be burying its head in shame over how it has controlled/managed the worlds nuclear power development (and thats pretty much how it has been until now, via the NRC ..)

      Of course a lot of the problem boils down to the childishness of the modern public, where they assume everything will be handed to them on a plate, in a way that makes them feel most comfortable and happy, without offending any little sensibility they have decided to have, as they are obviously THE most important entity on the planet. Sad, really.

      So yet again its time to sit back, get a cup of tea, and watch the backlash against satans radiation again, damn the torpedoes.

    3. Re:Nuclear Bias by hairyfish · · Score: 5, Informative

      See you lost any credibility once you said "all of them". I live in NZ where we have some geothermal plants. It works here because our country is effectively one long ridge of volcanos. I'm not so sure that applies to the rest of the world.

    4. Re:Nuclear Bias by Anonymous Coward · · Score: 5, Interesting

      Yep, this. Somebody asked this same question one time when I was visiting the local US Department of Energy site, and the answer they gave was basically "All of the cost-effective geothermal and hydroelectric locations have already been developed." Just as you would expect.

    5. Re:Nuclear Bias by cheesybagel · · Score: 3, Interesting

      Actually there are other ways like using Hot Dry Rock Geothermal where you drill a borehole deep enough that it gets hot enough to boil water which you inject into the hole. The problem is it induces low intensity earthquakes.

    6. Re:Nuclear Bias by TubeSteak · · Score: 5, Insightful

      The biggest problem we should be worried about is that old, out of date, and less safe (than modern) plants will be kept active WAY past their best before dates because so much effort has gone in to making it basically impossible to even design, let al9ong build next generation plants that there is little choice.

      TFA

      Nor is there a serious case to be made that interest in new reactors has been suppressed by decades of overregulation. The candidates for the Nuclear Regulatory Commission since 1980 have almost all been subject to what amounts to a nuclear industry veto.4 In many cases, they have had outright industry endorsement. The idea that these industry-vetted commissioners have overseen 30 years of excessive regulation doesnâ(TM)t pass the straight-face test.

      I'm not disputing that NIMBY and environmental regulations have retarded nuclear growth, but the real reason we're still running decades old power plants waaaaaaaay past their end-of-life date is regulatory capture.

      The nuclear industry says "don't worry, we can run a 40 year old plant safely" and the regulators say "okay, we believe you"
      This is despite every indication that the plants are corroding in place and the operators are doing as little maintanence as possible.

      --
      [Fuck Beta]
      o0t!
    7. Re:Nuclear Bias by cheesybagel · · Score: 4, Insightful

      The Japanese will restart their nuclear reactors. Their economy is not viable otherwise. Their economic recovery crashed more because of the plant shutdown and the energy costs of importing coal than the earthquake damage itself. Japan needs nuclear power. Too many people and too few alternative resources for a country with heavy industry. The Chinese are in full swing. They have like one of each leading edge nuclear power plant design either in operation or under construction and they are ramping up training so they can build more of them. Air pollution in China is a big problem and nuclear power in coastal cities is seen as a way to ameliorate the problem. The heavy industry in the interior of the nation will likely continue using cheap coal.

    8. Re:Nuclear Bias by symbolset · · Score: 2

      This one is the US. Of course we're talking about Japan which has ample geothermal resources.

      --
      Help stamp out iliturcy.
    9. Re:Nuclear Bias by AlphaWolf_HK · · Score: 2

      In my state, there is no geothermal capability, or hydro. However, we have a very large nuclear power plant that produces energy a lot cheaper and more efficient than wind and solar.

      --
      Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
    10. Re:Nuclear Bias by nbauman · · Score: 4, Interesting

      I did find the uninformed anti-nuclear rhetoric annoying (like any uninformed rhetoric), but the pro-nuclear side suffered from technological hubris.

      A nuclear reactor offers the promise of unlimited, cheap, carbon-free energy. OTOH, there is a small risk of a very big catastrophe, Are great benefits worth great risks? Hard to say. We now have Chernobyl as one real-world worst-case scenario.

      Three Mile Island wasn't reassuring either. The reason why it blew, you may recall, is that a relief valve, made by Dresser, failed. It had a classic design flaw, a piston diameter that was too large for its length, like a wide window that gets wedged into the frame when you try to open it. This valve had been tested before -- and failed, about 2% of the time. Scientific American, itself a nuclear power advocate, had a good article about this.

      Dresser for its own part was defending itself by taking out full-page newspaper ads, and denouncing anti-nuclear activists as Communists. Edward Teller said that Ralph Nader opposed nuclear power because he was an Arab, and he wanted the U.S. to be dependent on Arab oil.

      I would like to live in a country where we make technical decisions on the basis of the facts and the analysis of experts. Unfortunately I live in a country where we make technical decisions (and any decisions) on the basis of who can muster the strongest political power and lobbying (which usually translates into, who has the most money to spend on it). I really wish the nuclear industry had been run by people who stuck to the facts and tried to resolve their disagreements with their critics with reason, rather than steamroller them with negative PR campaigns and campaign contributions.

      I believe nuclear power could have worked, and might someday. One of the problems is that we seized on essentially one design, a scaled-up version of the one used on nuclear submarines. There were other designs that were inherently safer. It seems that American capitalism needs the government to do its R&D for it.

      I always favored a free-market solution: The Price-Anderson Act absolved the nuclear industry of liability for any accident, and instead had the government step in, to compensate everyone for the damage (up to $120 million, which wouldn't go too far in Chernobyl). My solution: Repeal the Price-Anderson Act, and let the nuclear power industry get its liability insurance on the free market like everyone else. If they're so safe, let them convince the insurance industry. It seems that American capitalism always needs a government handout.

    11. Re:Nuclear Bias by ozmanjusri · · Score: 2

      On the other hand, there is simply no choice. Nuclear power will be increasingly used because there is simply no alternative.

      Not if you're a company that wants to charge a lot of money for power...

      Poland, the Czech Republic and Switzerland all point the finger at Germany for what they claim are uncontrolled surges in renewables, which are destabilizing their grids. In addition they contend that Germany’s behaviour is also reducing the profitability of conventional power firms.

      The Institute recently published “Impacts of Germany’s nuclear phase-out on electricity imports and exports” (PDF), a 99-page study that discusses not only German power flows with its eastern neighbors, but also with its neighbors to the west.

      This study comes at a time when Poland and the Czech Republic are both openly complaining about Germany using their grids to transport renewable power from northern Germany to southern Germany – because the German grid is allegedly overloaded.

      Meanwhile, Switzerland recently argued that it’s conventional power firms were not able to generate as much power as they should because the Swiss grid is also sometimes filled up with German renewable power.

      The study also examines why the Netherland has been less vocal, despite the Dutch grid being flooded with inexpensive renewable power, which has offset electricity production from natural gas turbines in the country.

      http://www.powerengineeringint.com/articles/2013/02/Study-assesses-Germanys-energy-policy-impact-on-angry-neighbours.html

      --
      "I've got more toys than Teruhisa Kitahara."
    12. Re:Nuclear Bias by thesupraman · · Score: 3, Insightful

      You need to think it a little deeper.

      The reason they are desperately trying to stretch out the life of the old plants is because the kneejerkers/dumb greens (yes, there are some clued up ones), and NIMBYs have made it next to impossible, and definitely not affordable, to build any new ones, in fact even to improve the existing ones..

      New power plants are much cheaper to run, lower risk, lower cost of operating materials, lower waste, etc - but are simply unbuildable under the wests anti-everything regime due to the wonders of local/global pressure groups making regulators tie it up in so much red tape..

      The result of this stupidity is what are now low safety (relative to modern designs) stations are kept running way beyond design life - so exactly the opposite of what should be desirable (clean, reliable, affordable nuclear power) is the result of the pressure groups.
      And I suspect they want it this way, any 'disaster' is going to swell their supporters, bring money in the door, and increase their political power - why would they want safe nuclear power? (they of course being the many and varied anti-nuclear power groups).

      The whole thing is of course complex as hell, but the big picture really is people ignoring technical realities, and instead treating nuclear power like it is a social issue (and of course mixing that with huge dis-information as to the realities of radiation, etc).

    13. Re:Nuclear Bias by thesupraman · · Score: 4, Informative

      "A nuclear reactor offers the promise of unlimited, cheap, carbon-free energy. OTOH, there is a small risk of a very big catastrophe, Are great benefits worth great risks? Hard to say. We now have Chernobyl as one real-world worst-case scenario."

      Chernobyl was not an accident, you understand? the reactor was a terrible design intentionally being pushed way outside design specs for no better reason that to see what happened... it is not a real-world worst-case scenario for western reactors, let alone any modern designs.

      "Three Mile Island wasn't reassuring either. The reason why it blew, you may recall, is that a relief valve, made by Dresser, failed. It had a classic design flaw, a piston diameter that was too large for its length, like a wide window that gets wedged into the frame when you try to open it. This valve had been tested before -- and failed, about 2% of the time. Scientific American, itself a nuclear power advocate, had a good article about this"

      TMI did not 'blow', it had an internal failure resulting in a shutdown, and a very small (barely detectible) amount of released radiation. You do realise that a coal power station would release more radioactive material in a few minutes of operation than TMI did, right? Not to mention the fact that again, it was an ancient design that needed specific human operator control, and thats why it had an internal meltdown, the operators stuffed up (badly) after the valve failed.

      "I always favored a free-market solution: The Price-Anderson Act absolved the nuclear industry of liability for any accident, and instead had the government step in, to compensate everyone for the damage (up to $120 million, which wouldn't go too far in Chernobyl). My solution: Repeal the Price-Anderson Act, and let the nuclear power industry get its liability insurance on the free market like everyone else. If they're so safe, let them convince the insurance industry. It seems that American capitalism always needs a government handout."

      I suspect you dont know what the NRC is, and dont understand how the global nuclear industry is stricly controlled by it, and therefore by proxy the USA and its government, do you? there is NO free market in the nuclear industry, it is specifically and strictly controlled by one governing body. this is part of what has held it back of course. the fact that reactors in America appear to be privately owned it really just more smoke and mirrors.

    14. Re:Nuclear Bias by mug+funky · · Score: 2

      AFAIK the main problem is finding a place geologically stable enough that your very very long borehole will stay functional.

      hmm... we could always use an old frack-hole and the broken-up shale could be a heat-exchanger?

    15. Re:Nuclear Bias by drinkypoo · · Score: 2

      It also doesn't have much output.

      I'm in favor of closed loop geothermal, but it doesn't solve many problems at this point.

      --
      "You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
    16. Re:Nuclear Bias by thegarbz · · Score: 4, Insightful

      You need to think it a little deeper.

      The reason they are desperately trying to stretch out the life of the old plants is because the kneejerkers/dumb greens (yes, there are some clued up ones), and NIMBYs have made it next to impossible, and definitely not affordable, to build any new ones, in fact even to improve the existing ones..

      Indeed this is exactly what we saw in Australia despite the fact that not upgrading our reactor was actually worse for people's health. By that I mean the HIFAR medical research reactor which was used to manufacture isotopes was nearing end of life. Hell it neared end of life years ago and the Greens were dead set against it's replacement. It got a replacement reactor OPAL in 2006 after long draw out political battles, and HIFAR was shutdown and is in the process of being demolished.

      Funny enough when OPAL had issues in 2007 which required it's temporary shutdown the country went mental not due to a reactor having problems but do to a sudden shortage of medical isotopes and difficulty importing them from elsewhere in the world. Despite this crisis, and despite the fact the reactor is effectively brand new the Greens still have shutting down OPAL as one of the primary goals of the party.

      The world is mad.

    17. Re:Nuclear Bias by thegarbz · · Score: 2

      The reason why it blew, you may recall, is that a relief valve, made by Dresser, failed.

      Actually the reason why it blew was unexpected and unmonitored flow through a relief valve. The PORV defaulting was only a small part of the crisis model and it operating as expected is only one of a long list of things that could have been done to prevent this disaster.

      This is partially to do with history. The words "process safety" didn't appear in dictionaries of past, whereas these days they are amongst the biggest departments in any process plant. Any HAZard and OPerability study would have identified the risk though the "high-flow" case that needs to be considered though all RVs. Looking back through history the almost mandatory process of HAZOPing designs, even retrospectively would have avoided many of the disasters in the process industry such as Bunsfield. After all the HAZOP process was basically modelled on avoiding these disasters.

      What I'm saying is that just because there was a fault in a 30+ year old plant doesn't mean that the same plant, of the exact same design, with the exact same process risks, would be built in a way that allow the same risks to eventuate. Yes an intrinsically safe process such is the most desirable outcome, but even older processes have been made much safer through extensive safeguards.

      Think of a refinery. 30 years ago the technology was still the same as it is now. They still use deadly hydroflouric acid, they still have some sadistic processes that resemble a bomb waiting to go off, however these days they are heavily instrumented, there's emergency shutdown systems, there's alarms and indications for pretty much everything. Operations aren't blind to what is going on in their equipment anymore (something that was also a cause of Three Mile Island)

    18. Re:Nuclear Bias by Jeremi · · Score: 2

      Three Mile Island didn't "blow". I (and thousands of others) wouldn't be living within 20 miles of the place right now if it had.

      ... which is actually a pretty good indication of what's holding nuclear back. If things go sufficiently wrong, large swaths of valuable real estate and infrastructure become unlivable, and hundreds of thousands of people have to be permanently relocated.

      This translates directly into the huge liability, ultra-conservative design, high expenses, and public paranoia we see regarding nuclear today. I don't see any clear way around it except avoiding the use of radioactive materials.

      --


      I don't care if it's 90,000 hectares. That lake was not my doing.
    19. Re:Nuclear Bias by TheTurtlesMoves · · Score: 4, Insightful

      You mite want to read this. The section on geothermal is accurate enough for our use.

      Yes there is geothermal, but if you run the numbers (I have) its easy to see it really is only a very regional solution and not a very sustainable one at that. In NZ as posted below uses geothermal. But the outputs had to be reduced because it was reducing the entire area activity. Sooner or later the rock lower down cools down. Same thing for the few plants in the US. Closed loop systems have their own issues. In particular you get a few decades before that cubic kilometer has cooled down.

      Seriously it gets tiresome that so many *know* the solution but then won't do even the most basic analysis on that claimed solution.

      Can nuclear work for a while (100s even 1000s of years)? Yes. Can we do it safely?That is a much harder question to answer. Technically i am somewhat pro nuclear. However that is not the same as saying i trust the companies or governments or even the IAEA for that matter to do nuclear safe. And we still are not dealing with the waste we already have.

      --
      The Grey Goo disaster happened 3 billion years ago. This rock is covered in self replicating machines!
    20. Re:Nuclear Bias by Intrepid+imaginaut · · Score: 2

      You need to think it a little deeper.

      The reason they are desperately trying to stretch out the life of the old plants is because

      It's because a completed plant is a sunk cost investment. The more they stretch out the life of the plant, the more profit they make, simply put.

    21. Re:Nuclear Bias by AmiMoJo · · Score: 3, Informative

      It isn't regulation or fear that is preventing the building of new reactor designs, it is economics. Nuclear is heavily subsidised and governments are looking to reduce costs, plus companies want to make safe investments with will defined ROIs instead of building theoretically better but unproven (on a commercial scale) designs.

      The simple fact is that the current old designs meet the regulatory requirements and are known quantities. New designs could run into issues that end up costing a lot, or even fail entirely. History is littered with reactor designs that looked good on paper but didn't work very well in practice (we build a lot of them in the UK).

      You could argue that the government needs to step in and push new technology forwards, but since saving energy is cheaper and makes them more popular by delivering improvements directly to people's homes that isn't going to happen.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    22. Re:Nuclear Bias by AmiMoJo · · Score: 3, Insightful

      Actually they have more or less recovered from the earthquake/tsunami. There is still a big drain from the Fukushima clean-up and the other economic problems like the Yen being too strong for about the past four years, but it turns out they really are not that dependent on nuclear power after all.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    23. Re:Nuclear Bias by symbolset · · Score: 2

      Dispose of some spent fuel and shut down some unsafe old ones and you can have some new ones. Deal?

      --
      Help stamp out iliturcy.
    24. Re:Nuclear Bias by AmiMoJo · · Score: 2

      Which state? Be specific so we can evaluate your claim, otherwise we will have to assume you pulled it out of your arse.

      As it happens both Japan and my own country (UK) have enough renewable resources to cover all our needs if fully developed. Scotland in particular is on target to be 100% renewable by 2020 (200% capacity, half renewable and the excess exported for a profit).

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    25. Re:Nuclear Bias by AmiMoJo · · Score: 2

      Sounds like some power companies are looking for an excuse to give to their shareholders and a reason to block renewables since they missed the boat on the them and want to keep their existing business models alive.

      e study also examines why the Netherland has been less vocal, despite the Dutch grid being flooded with inexpensive renewable power, which has offset electricity production from natural gas turbines in the country.

      I don't think they understand the geography of Europe or how electricity works. You can't "flood" the grid, the flow of electricity is regulated by load. It isn't like a water pipe, you can't force more into it.

      Perhaps they mean that the energy market was flooded with cheap renewable energy, which while annoying profit seeking power companies is probably not so bad for consumers.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    26. Re:Nuclear Bias by AmiMoJo · · Score: 3, Insightful

      How did this shit get modded up? Oh wait, it's Slashdot.

      Chernobyl was not an accident, you understand? the reactor was a terrible design intentionally being pushed way outside design specs for no better reason that to see what happened

      They were doing an experiment to try to improve safety after identifying a potentially serious risk in the emergency cooling system. The experiment accidentally went wrong.

      You do realise that a coal power station would release more radioactive material in a few minutes of operation than TMI did, right?

      Not bad, only an order of magnitude out.

      there is NO free market in the nuclear industry, it is specifically and strictly controlled by one governing body.

      That would explain why when TEPCO was told its plant was unsafe and should be upgraded immediately they ignored it and did nothing.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    27. Re:Nuclear Bias by olau · · Score: 2

      New power plants are much cheaper to run, lower risk, lower cost of operating materials, lower waste, etc - but are simply unbuildable under the wests anti-everything regime due to the wonders of local/global pressure groups making regulators tie it up in so much red tape..

      I'm not particularly against nuclear power plants (as long as I don't get to live near one) but you're downplaying capital costs. Operating costs etc. are irrelevant if the initial capital costs are too high. It's the same with fusion power - so the energy source may be cheap but unless the actual reactor ends up being cheaper to build than a fission reactor, are we really going to see any commercial fusion plants? No.

      What you call stupidity is really economics 101. Old power plants have been paid of many years ago so are now virtually impossible to compete against. If you want to change that you need subsidies. That's true of many renewable power plants too.

      You can claim that the costs are caused by unnecessary regulation. But AFAIK regulations are determined by nuclear engineers, not green nuts.

    28. Re:Nuclear Bias by nbauman · · Score: 2

      Couple of communications satellites, telescopes in orbit.

  2. no more homer simpsons and cut cutting MR burns by Joe_Dragon · · Score: 4, Funny

    no more homer simpsons and cut cutting MR burns

  3. Bad Summary by ohnocitizen · · Score: 5, Insightful
    This is becoming a Slashdot hallmark. The summary contradicts the article.

    the nuclear renaissance is already dead due to the inherent short-sightedness of the "free market."

    From the article linked in that very sentence:

    Wall Street was already leery of the historically high costs of nuclear power. An abundance of natural gas, lower energy demand induced by the 2008 recession, increased energy-efficiency measures, nuclear’s rising cost estimates, and the accident at the Fukushima Daiichi Nuclear Power Station further diminished prospects for private investment in new US nuclear plants.

    Avoiding nuclear power because of (higher investment cost + greater risk of liability + less demand) does not sound like shortsightedness. It sounds like a wise move.

    1. Re:Bad Summary by CncRobot · · Score: 2

      You should know by now, every move by the "free market" is evil and destructive to the middle class. Don't go confusing the issue with facts, those aren't welcome in a discussion that may turn political.

    2. Re:Bad Summary by Shikaku · · Score: 4, Informative

      Coal and oil have their own hidden costs that are not apparent on any balance sheet and not easily calculatable.

      Pollution has many known health effects. While a nuclear plant does pollute as long as the radiation is contained its effect is much smaller. With air pollution you have increased healthcare costs due to the treatment of any lung issue that arrises just to start, as well as increased Earth temeperature due to greenhouse gasses which makes us use more electricity which makes more pollution... etc.

    3. Re:Bad Summary by mad+flyer · · Score: 2

      Check on all governemental subsidies before claiming nuclear power is disadvantaged...

      And don't even get me started on the "Price-Anderson" tricks...

      Once again, it's not the chance of an accident happening the big factor. It's the extend of the damage when such accident happens.

      (Check out "we almost lost Detroit" for a better historical perspective of these shenanigans)

  4. Foolspeak by Anonymous Coward · · Score: 2, Insightful

    The free market is not inherently short-sighted. Every day people plant trees, for profit, without government force, such that they can be harvested 100 years from now. The asset will increase in value constantly, it is not necessary for any one investor to wait 100 years to get their payout.

    Amazon's profits have NEVER been paid to investors (since going public, and probably before I just don't know that for sure). Not one penny. They have never paid a dividend. Nor has Google, nor many, many, many quickly growing companies. People invest in these companies, because they expect the company to grow, and will in turn sell there shares to people who will likely never see dividends themselves, and so on, until eventually, many years from now, a group of investors will (after buying out the previous generations), will begin receiving a trickle of actual profit.

    The free market, when and to the extent it is allowed to exist is EXTREMELY far-sighted.

    Even the bias towards 'quarterly profits' is truly indicative of where government regulation prevents the ideal outcome-- quarterly reporting would not be such a major factor in the decision process were regulations not so rigidly defined around such a reporting scheme.

    1. Re:Foolspeak by TopSpin · · Score: 4, Insightful

      The free market, when and to the extent it is allowed to exist is EXTREMELY far-sighted.

      The summary is a troll. Attributing the 'free market' to nuclear power indicates either ignorance or deceit and we're left to ponder which is worse.

      Nuclear reactors represent astonishing amounts of wealth and coordination. It is a hallmark of advanced nations that such things are created. For a reactor to exist in the US it must have the blessing of all levels of government. Financing is often backed by one or more government entities. Federal and state governments must actively regulate it. First responders at each level are prepared for emergencies. Rate payers are involved in voting on proposals prior to construction and regulating on-going rates. The timeline (in contemporary Western nations and certain Asian nations) is at least a decade for construction and licensing is a matter of fractions of a century. People are sourced from rarified cohorts such as military navel reactor operators.

      In the end the actual operator is a small and even negligible part of the equation. Invoking the 'free market' mantra when dealing with the troubles of nuclear power is a cop out.

      --
      Lurking at the bottom of the gravity well, getting old
  5. Re:Nuclear plants are strong by quenda · · Score: 2

    There is no chance of restarting the three damaged reactors. Are you comparing to hydro dam failure? That is indeed worse.
    But what about coal power in Japan? They must have numerous coal and gas-power stations along the coast, but I can find no information about any of them being seriously damaged by the tsunami.

  6. Cheap Electrical power wins! by bobbied · · Score: 2

    Although natural gas is now very cheap, you would still have to import scads of it to generate electrical power enough to supply what Japan lost when it shut down the atomic energy industry. In addition, you would need to build the generation capacity to replace the nuclear power plants. Therefore, I believe that the restarting of many nuclear power plants is necessary.

    Nuclear is not any more dangerous than much of the alternatives out there so this is NOT a bad thing. It's the market providing electrical power in the most cost efficient and timely manor possible, in a country that needs cheap and abundant power to recover. Hopefully they have fixed any systemic issues in their government oversight program and can avoid future issues, but these kinds of issues are not about nuclear power, but effective government.

    Good for Japan! Now lets start building some safer plants and really do this right..

    --
    "File to fit, pound to insert, paint to match" - Aircraft Maintenance 101
    1. Re:Cheap Electrical power wins! by Jeremi · · Score: 2

      And yet between them have killed less people than most other major process catastrophies throughout history.

      In the most literal sense, that's probably true. But immediate death isn't the only problem that comes from a radiation disaster. Uprooting entire communities on a few hours' notice is not pleasant for anyone, and results in all kinds of indirect social costs.

      And of course there is the monetary cost. Belarus estimates its costs from the Chernobyl disaster at $235 billion, and to this day Chernobyl is still eating up 5-7% of the budget of the Ukraine.

      Taking a look at the worlds largest solar power plant and scaling it from 300kWh to the 7.5GWh that Fukushima Daiichi generated, and it would use 72000 acres of land, permanently.

      Land that nobody was living on. That's a key difference -- when a solar plant goes up, it does so in a controlled and planned manner. People aren't turned out of their houses in the middle of the night and told they can never go home again. Neighborhoods aren't torn apart. Lives aren't ruined.

      --


      I don't care if it's 90,000 hectares. That lake was not my doing.
    2. Re:Cheap Electrical power wins! by AmiMoJo · · Score: 2

      While we're on the subject of land, Fukushima Daiichi has a 10km exclusion zone around it.

      20km actually. The land area isn't really the big issue, it is the fact that entire towns and cities are now uninhabitable. People were forced to leave their homes and their jobs disappeared instantly. Of course there was not nearly enough accommodation available tens of thousands of people all suddenly looking for somewhere to live either.

      Numbers are not the real issue, people suffering is. In Japan the media has covered that aspect in much more depth, where as everywhere else the focus has been on the cold hard facts. That is natural I suppose, few foreign viewers will sit through extended subtitled interviews with people in foreign lands they know little about.

      By the way, picking a totally unsuitable technology like solar PV and comparing it to nuclear does not make you smart. You could have at least compared it with solar thermal collectors.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
  7. "inherent short-sightedness of the free market." by John+Hasler · · Score: 4, Interesting

    Horseshit. There has never been anything remotely resembling a free market associated with nuclear power. As for shortsightedness it is hard to imagine anything more shortsighted then the way governments have reacted to nuclear accidents.

    --
    Warning: this article may contain humor, sarcasm, parody, and perhaps even irony. Read at your own risk.
  8. Re:"inherent short-sightedness of the free market. by AlphaWolf_HK · · Score: 2

    Exactly. There are leagues of politicians and activists who are going out of their way to prevent nuclear power from being affordable so that it doesn't happen, which is exactly what they want. This is much more of the government being short sighted.

    I think the editor just has an axe to grind with capitalism. Granted its not perfect, but neither is democracy. However both have historically worked better than the alternatives.

    In any case, that's no reason to throw out you're supposed objectivity. This is exactly the kind of shit that kdawson used to pull, and everybody hated him for it until he finally left Slashdot.

    --
    Careful with names containing L slashdot.org/~AiphaWolf_HK slashdot.org/~AlphaWoif_HK slashdot.org/~AiphaWoif_HK
  9. Re:Fukushima and regulatory failure? by hawguy · · Score: 3, Insightful

    Perhaps regulatory capture would have required that the last line of defense against a meltdown, the backup diesel generators, should not have been in the basement of a plant located in a tsunami zone?

    The earthquake exceeded the design limits for the plant - if they put the generators on towers or on the tops of buildings, they may have crashed to the ground when the quake hit. There's no guarantee that moving the generators higher would have made things better. In retrospect it's not hard to come up with a design that perfectly addresses all of the issues from the last disaster, the hard part is coming up with a design that addresses all of the issues of the next, unknown disaster.

  10. Liquid Fluoride Thorium Reactors by weilawei · · Score: 2, Informative

    I'm surprised no one seems to have mentioned this, but we ran a very safe (for the time) molten-salt reactor, AKA the LFTR (liquid fluoride thorium reactor). Later, total decommisioning was found to be an issue, but we've done what scientists and engineers do: find solutions. From Wiki: "Much of the high cost was caused by the unpleasant surprise of fluorine and uranium hexafluoride evolution from cold fuel salt in storage that ORNL did not defuel and store correctly, but this has now been taken into consideration in MSR design.[22]"

    Nuclear is here to stay, in one form or another, unless humans cease to exist. Note that I didn't say "cease to exist tomorrow or next week." Try to think long-term. If you still can't wrap your head around the idea that nothing in the universe comes for free, and that we are stuck on a very small rock, your Buxton Index might not be the same as mine.

    1. Re:Liquid Fluoride Thorium Reactors by KonoWatakushi · · Score: 2

      It is easy to spout such nonsense out of ignorance, but there is a wealth of research that shows that the concept is perfectly sound. Moreover, they ran a test reactor for about five years and discovered no issues that were not easily solved. The only thing that remains is a solid engineering and development effort, and a government that will allow it to happen. Technology doesn't develop itself, and nuclear is no exception.

      Private investors are already funding nuclear development--though mostly outside of the US. The primary barrier to development of this technology is the suffocating regulatory environment. The nuclear regulatory commission is profoundly anti-nuclear, and they make their money by dragging out reviews for a decade while billing by the hour. They also have no provision for licensing and development of newer and better technologies, so we are stuck with reactors that are a relic of times long past.

    2. Re:Liquid Fluoride Thorium Reactors by KonoWatakushi · · Score: 3, Informative

      Loan guarantees are not subsidies, and nuclear is guaranteed to generate cheap and clean power over the long term. Other energy sources (including fossil fossil fuels and renewables) do require huge subsidies, but nuclear is not among them.

      LFTRs are nothing like conventional nuclear plants. There have been five studies over the years that place the median cost around $2/W installed, allowing it to undercut even coal. This isn't magic or wishful thinking, it is the logical result of a radically different design. Molten salt reactors are passively safe, run and at atmospheric pressure, and are not cooled by water. Hence, they do not require the enormous concrete containment domes, 9-inch thick pressure vessels, or highly redundant engineered safety systems.

      Fluoride salts are among the most chemically stable substances on earth. There is nothing to explode, nothing to react violently with air or water. Indeed, nothing to propel radioactivity into the environment should things go south. Even if you physically rupture the reactor, the salt will just drain, cool, and solidify. Afterwards, the mess is totally solid--you can go pick up the pieces of salt, and stick them back in a reactor.

  11. Re:Fukushima and regulatory failure? by hawguy · · Score: 2

    utter nonsense, the gensets at a nuke plant are huge and anchored to structural concrete, they aren't going to shake loose and fall off. are you imagining some pull-start unit on a cart for your house?

    No, I'm picturing a 30 ton genset sitting on top of a structure designed to withstand a magnitude 7.9 quake getting hit with more ground movement than it was designed for when a 9.0 quake hits offshore, resulting in support structure failure.

  12. Nuclear energy could be a great boon if... by Anonymous Coward · · Score: 5, Insightful

    The damn hippies, closed minded politicians, oil companies, coal producers and so on would shut their mouths.

    Nuclear energy is a amazing thing that is really a great boon to us. But the problem is everyone tries to cock block it (mostly due to old concepts and misinformation) so we are stuck with old technology and old technology doesnt stand up so yes we have problems with it. But what people dont realize is they dont want new nuclear plants, so we have ones that are way to old and have problems, those problems make people not want more nuclear energy so instead of letting us use new designs and build new plants they make us us the old unsafe ones.

    Its essentially like saying "Seat belts? You shouldnt be using cars at all, we dont want you making cars or redesigning them at all because too many people die in them" so instead of making cars safer and better people are stuck using the unsafe models because the general consensus is the old models arent safe.

    Nuclear energy has a bad name because everyone is all "GO GREEN!" and automatically thinks that nuclear energy will poison our planet and rape our familes. Why? Because of bad information and bad misconceptions. Nuclear energy is more efficent, uses less resources, more potent and cleaner than what we use now. PLus its use could be lowered in a lot of places where water and wind energy could be also. A major city that taps in nuclear, wind and or water reduces the need for any one of them since they are using them together. Nuclear energy in some places could be the sole source of energy if need be, but in a lot of places it could be used with other forms of natural energy combined.

    1. Re:Nuclear energy could be a great boon if... by AmiMoJo · · Score: 3, Insightful

      You have no idea.

      For us as consumers it is better to save energy. It costs less and the money is spent improving our homes and our lives directly. The average Japanese or German home uses 1/3rd the energy that a US one does and they are not walking around in the dark or freezing cold or anything like that.

      For politicians nuclear is a huge burden on the state due to massive subsidy. It is also unpopular. In a democracy that isn't going to get you very far.

      For power companies they look at the high costs and uncertainties of nuclear and decide it is better to stick with dirty but known methods. Why get into constant fights with the government over subsidy and regulation over nuclear? Plus renewables are popular and improve your company image, while being fairly competitive on price (especially wind, hydro and geothermal).

      It's the damn nuke-u-like brigade who are blind to the realities of the world and think because nuclear looks good on paper it must be the best option in real life who are fucking things up.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    2. Re:Nuclear energy could be a great boon if... by swillden · · Score: 2

      The average Japanese or German home uses 1/3rd the energy that a US one does and they are not walking around in the dark or freezing cold or anything like that.

      It's worth pointing out that the median German home is 1/2 the size of the median US home, and Japanese homes are even smaller. So it's likely that most of that conservation is achieved not by more efficient heating/cooling/lighting but by having less space to heat, cool or light. Americans could invest in LED lights, more insulation, tankless water heaters, etc., and reduce their energy budgets by a non-trivial amount, but reaching European, much less Asian, levels would require living in smaller homes.

      Of course, you can argue that Americans don't need so much space and should downsize their homes, but that's a non-trivial lifestyle downgrade, rather than just a slight alteration of approach as you're suggesting.

      --
      Note to ACs: I usually delete AC replies without reading them. If you want to talk to me, log in.
    3. Re:Nuclear energy could be a great boon if... by swillden · · Score: 2

      Size doesn't have much to do with it actually, if your house is properly insulated.

      This is clearly false, since for a given insulation factor heat transfer is proportional to exterior surface area, and exterior surface area has an obvious (though not simple; layout matters a lot) relationship with square footage of living space.

      Also, insulation is not free. Increasing insulation for a given home increases the cost of the home. It may or may not decrease total cost of ownership, depending on the cost of energy. You're assuming that it will lower TCO, which is true to a point, but only to a point. Personally, I've done the math and energy costs would have to rise substantially before adding insulation to my 350 m^2 home would be cost-effective.

      --
      Note to ACs: I usually delete AC replies without reading them. If you want to talk to me, log in.
    4. Re:Nuclear energy could be a great boon if... by swillden · · Score: 2

      If your house is insulated it doesn't need much, if any heating or cooling.

      Only if you live in a mild climate. Where I live you absolutely need significant heating in the winter, and you'll be more comfortable with some cooling in the summer... no matter how well-insulated the house is, because, for example, in the winter it's not uncommon to go weeks with the temperature rarely rising above freezing.

      --
      Note to ACs: I usually delete AC replies without reading them. If you want to talk to me, log in.
    5. Re:Nuclear energy could be a great boon if... by AmiMoJo · · Score: 2

      I agree that we should not be wasteful in our energy usage, but why should I have to give up some comforts that I enjoy just because we are too afraid of the unknown (nuclear)?

      No no no, you get to have more comforts by saving energy! Better insulated buildings are more comfortable to live in with more consistent temperature inside and no drafts. The money you save on heating can be spent on other things you want.

      You can have a dishwasher that doesn't cost you so much to run. You can have your nice big house and more money to spend on your kids education and on family outings. Plus there won't be as much pollution around, so less cleaning and they are less likely to suffer from respiratory diseases.

      --
      const int one = 65536; (Silvermoon, Texture.cs)
      SJW, n: "Someone I don't like, and by the way I'm a fuckwit" - AC
    6. Re:Nuclear energy could be a great boon if... by swillden · · Score: 2

      There are houses in the colder parts of the UK and northern Europe like that, even in Norway where they don't see daylight for six months.

      Cite?

      --
      Note to ACs: I usually delete AC replies without reading them. If you want to talk to me, log in.
  13. Re:Fukushima and regulatory failure? by AK+Marc · · Score: 2

    generators where they were wasn't an issue. Sealing them to work underwater and having intake and exhaust 60 feet in the air is easy. I've seen more done for under $10,000. It's a silly disaster when a small amount of remedial work would have prevented it.

  14. MOD PARENT UP by Medievalist · · Score: 2

    The original article was a total troll anyway:

    However, it looks like unless action is taken the nuclear renaissance is already dead due to the inherent short-sightedness of the "free market."

    Reality check: the inherent robustness of the free market would prevent any "nuclear renaissance" in the absence of government interference, because nuke plants aren't economically viable in a free and fair market.

    The rest of the world could have working LENR reactors or sustainable biofuels and Internet nuke shills would still be calling for massive government intervention and sponsorship to build their beloved fission plants. Somehow the tax-funded market distortion required, and the militarization of power production that results, just doesn't bother a die-hard nuke shill, even though they almost always claim to be free market libertarians. A real libertarian, though, would understand that the market has ruled against fission and that argument's been over for decades, instead of crying for more Bush/Cheney style, taxpayer funded market distortions.