Clearly neither here nor in the mainstream media has there been an in depth piece on the dramatic, devastating and ongoing catastrophe that is "Fukushushima." There is "the other side of this trade" of course which says "start buying nuclear power" and by no means am i discouraging this approach--i am merely stating the opposite point of view which i happen to agree with. This is a general article but obviously i have no problem of "the fact that natural gas is now the new normal" in energy policy speak for itself.
Zero Hedge was the only news outlet for this story. That is a fact. Having said that even ZH never pursued an in depth analysis of the implications of the greatest industrial accident in human history which this event so clearly is now admitted to being. (It certainly was from day one by me.) So what you say? I say "no problem" since you are continually being "surprised by the upside" in nuclear's emergency alternative: natural gas. The point of this is not to make a plug for natural gas "the company" anymore than i already have. I will let the market spek for itself. The point of this article is to predict what true devastation now awaits those so called "powers" that saw in nuclear power "the future."
I will be brief since all I am making is a prediction which yet again will be read my many. "Sovreign default risk is soaring because of Fukushima." Whatever one thinks of the nations with a nuclear power and/or weapons "industry"--the inability of governments to engage in sound fiscal management is devasting to "containing the financial reality" of nuclear power. The risk of simply having it in the first place can only be "enjoyed" by a few (I would argue " only the United States can afford it now)--and "the decommisioning process will take decades" which will more than likely cause bankruptcies as well as the financing for this ridiculously expensive fuel dries up. What precisely is the demand again in Russia? East Asia is "really going to double down on it" now? Senate Majority Leader Reed will back down? None of these either will exist or do exist. Point being? "There are only a few companies AND NO GOVERNMENTS on the Planet who can expertly clean up this mess." And it takes decades. Prior to "the money that must be spent" of course "comes the financial meltdown." We shall see what happens in the coming weeks and months...perhaps even days. In this context I find the treasury rally not suprising at all. More to the point "i find myself learning anew" as we all should "from a guy named Arnie Duncan" and his "mass media enterprise" known as Faerwinds. Their web-cast should be in the top right corner of every financial blog in the world right now.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Additional disclosure: looking at Fluor--not "flour"--Fluor. Having said that "flour is getting kind of pricey, too."
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