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Fukushima Update

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It should come as no surprise that more bad news has been published concerning the Fukushima nuclear power plant disaster.  Because our mainstream media are averse to discussing this subject, it is often necessary for one to search around on the Internet to keep up with the latest revelations concerning the extent of this tragedy.

Almost immediately after the Fukushima crisis began, the news reports sent my BS detector on overdrive.  On March 14, three days after the incident, I made this observation:

A good deal of the frustration experienced by those attempting to ascertain the status of the potential nuclear hazards at Fukushima, was obviously due to the control over information flow exercised by the Japanese government.  I began to suspect that President Obama might have dispatched a team of Truth Suppressors from the Gulf of Corexit to assist the Japanese government with spin control.

By May 12, my suspicions were confirmed.  Our government and the mainstream news media were “controlling” the Fukushima story in a very perfidious manner:

More recently, Vivian Norris reported on what she had learned about the extent of radioactive contamination resulting from the Fukushima events in the Huffington Post.  In the middle of the piece, she took a step back and shared a reaction that many of us were experiencing:

Why is this not on the front page of every single newspaper in the world?  Why are official agencies not measuring from many places around the world and reporting on what is going on in terms of contamination every single day since this disaster happened?  Radioactivity has been being released now for almost two full months!  Even small amounts when released continuously, and in fact especially continuous exposure to small amounts of radioactivity, can cause all kinds of increases in cancers.

In the United States, the EPA has apparently become so concerned that the plume of radioactivity may have contaminated fish, which are being caught off the Pacific coast and served-up at our fine restaurants – that the agency has decided to cut back on radiation monitoring.  That’s right.  Thorough radiation testing of water and fish causes too much transparency – and that’s bad for business.  Susanne Rust of California Watch discussed the reaction this news elicited from a group called Public Employees for Environmental Responsibility (Public Employees – uh-oh!).

The most recent bit of bad news about Fukushima comes from Geoff Brumfiel, whose report appears in both Nature and Scientific American.  Here are some highlights from Mr. Brumfiel’s article:

The disaster at the Fukushima Daiichi nuclear plant in March released far more radiation than the Japanese government has claimed.  So concludes a study1 that combines radioactivity data from across the globe to estimate the scale and fate of emissions from the shattered plant.

The study also suggests that, contrary to government claims, pools used to store spent nuclear fuel played a significant part in the release of the long-lived environmental contaminant caesium-137, which could have been prevented by prompt action.  The analysis has been posted online for open peer review by the journal Atmospheric Chemistry and Physics.

*   *   *

The new model shows that Fukushima released 3.5×1016 bequerels of caesium-137, roughly twice the official government figure, and half the release from Chernobyl.

*   *   *

Japanese estimates rely primarily on data from monitoring posts inside Japan3, which never recorded the large quantities of radioactivity that blew out over the Pacific Ocean, and eventually reached North America and Europe.  “Taking account of the radiation that has drifted out to the Pacific is essential for getting a real picture of the size and character of the accident,” says Tomoya Yamauchi, a radiation physicist at Kobe University who has been measuring radioisotope contamination in soil around Fukushima.

*   *   *

The new analysis also claims that the spent fuel being stored in the unit 4 pool emitted copious quantities of caesium-137. Japanese officials have maintained that virtually no radioactivity leaked from the pool.  Yet (Andreas) Stohl’s model clearly shows that dousing the pool with water caused the plant’s caesium-137 emissions to drop markedly (see ‘Radiation crisis‘).  The finding implies that much of the fallout could have been prevented by flooding the pool earlier.

The Japanese authorities continue to maintain that the spent fuel was not a significant source of contamination, because the pool itself did not seem to suffer major damage.  “I think the release from unit 4 is not important,” says Masamichi Chino, a scientist with the Japanese Atomic Energy Authority in Ibaraki, who helped to develop the Japanese official estimate.  But (Lars-Erik) De Geer says the new analysis implicating the fuel pool “looks convincing”.

The latest analysis also presents evidence that xenon-133 began to vent from Fukushima Daiichi immediately after the quake, and before the tsunami swamped the area.  This implies that even without the devastating flood, the earthquake alone was sufficient to cause damage at the plant.

The Japanese government’s report has already acknowledged that the shaking at Fukushima Daiichi exceeded the plant’s design specifications.

The Union of Concerned Scientists provided this disturbing information about cesium-137:

Cesium-137 is another radioactive isotope that has been released.  It has a half-life of about 30 years, so will take more than a century to decay by a significant amount.  Living organisms treat cesium-137 as if it was potassium, and it becomes part of the fluid electrolytes and is eventually excreted.  Cesium-137 is passed up the food chain.  It can cause many different types of cancer.

Because an unfortunate number of Americans would rather read about the Kardashians than cesium-137 or the Fukushima disaster, one must know where to look when attempting to familiarize oneself with the latest revelations on this subject.  Arnie Gundersen, Chief Engineer of Fairewinds Associates, provides regular updates on Fukushima.

The truth is out there!


 

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Unwinding The Spin

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We are caught in a steady “spin cycle” of contradictory reports about our most fundamental concerns:  the environment and the economy.  Will China financially intervene to resolve the sovereign debt crisis in Europe and save us all from the economic consequences that loom ahead?  Will the “China syndrome” finally become a reality at Fukushima?  When confronted with a propaganda assault from the “rose-colored glasses” crowd, I become very skeptical.

Widespread concern that Greece would default on its debt inflamed lingering fear about debt contagion throughout the Eurozone.  Economist John Hussman, one of the few pundits who has been keeping a sober eye on the situation, made this remark:

Simply put, the Greek debt market is screaming “Certain default. Amésos.”

Meanwhile, the Financial Times reported that China Investment Corporation has been involved in discussions with the government of Italy concerning Italian bond purchases as well as business investments.  Bloomberg BusinessWeek quoted Zhang Xiaoqiang, vice chairman of China’s top economic planning agency, who affirmed that nation’s willingness to buy euro bonds from countries involved in the sovereign debt crisis “within its capacity”.

Stefan Schultz of Der Speigel explained that China expects something in return for its rescue efforts:

The supposed “yellow peril” has positioned itself as a “white knight” which promises not to leave its trading partners in Europe and America in the lurch.

In return, however, Beijing is demanding a high price — the Chinese government wants more political prestige and more political power  .  .  .

Specifically, China wants:  more access to American markets, abolition of restrictions on the export of high-technology products to China as well as world-wide recognition of China’s economy as a market economy.

Even if such a deal could be made with China, would that nation’s bailout efforts really save the world economy from another recession?

As usual, those notorious cheerleaders for stock market bullishness at CNBC are emphasizing that now is the time to buy.  At MSN Money, Anthony Mirhaydari wrote a piece entitled, “The bulls are taking charge”.

Last week, Robert Powell of MarketWatch directed our attention to an analysis just published by Sam Stovall, the chief investment strategist of Standard & Poor’s Equity Research.  Powell provided us with this summary:

Consider, at a place and time such as this, with the economy teetering on the verge of another recession, none of the 1,485 stocks that make up the S&P 1,500 has a consensus “Sell” rating. And just five, or 0.3%, are ranked as being a “Weak Hold.”

*   *   *

From his vantage point, Stovall says it “appears as if most analysts are not expecting the U.S. to fall back into recession, and that now is the time to scoop up undervalued cyclical issues at bargain-basement prices.”

However, in S&P’s opinion, it might be high time to “buck the trend and embrace the traditionally defensive sectors (including utilities), as the risk of recession — and downward earnings per share revisions – appear to us to be on the rise.”

On September 14, investing guru Mark Hulbert picked up from where Robert Powell left off by reminding us that – ten years ago – stock analysts continued to rate Enron stock as a “hold” during the weeks leading up to its bankruptcy, despite the fact that the company was obviously in deep trouble.  Hulbert’s theme was best summed-up with this statement:

If you want objectivity from an analyst, you might want to start by demanding that he issue as many “sell” recommendations as “buys.”

It sounds to me as though Wall Street is looking for suckers to be holding all of those high-beta, Russell 2000 stocks when the next crash comes along.  I’m more inclined to follow Jeremy Grantham’s assessment that “fair value” for the S&P 500 is 950, rather than its current near-1,200 level.

While the “rose colored glasses” crowd is dreaming about China’s rescue of the world economy, the “China syndrome” is becoming a reality at Japan’s Fukushima nuclear power facility.  Immediately after the tragic earthquake and tsunami, I expressed my suspicion that the true extent of the nuclear disaster was the subject of a massive cover-up.  Since that time, Washington’s Blog has been providing regular updates on the status of the ongoing, uncontrolled nuclear disaster at Fukushima.  The September 14 posting at Washington’s Blog included an interview with a candid scientist:

And nuclear expert Paul Gunter says that we face a “China Syndrome”, where the fuel from the reactor cores at Fukushima have melted through the container vessels, into the ground, and are hitting groundwater and creating highly-radioactive steam . . .

On the other hand, this article from New Scientist reeks of nuclear industry spin:

ALARMIST predictions that the long-term health effects of the Fukushima nuclear accident will be worse than those following Chernobyl in 1986 are likely to aggravate harmful psychological effects of the incident.

As long as experts such as Paul Gunter and Arnie Gundersen continue to provide reliable data contradicting the “move along – nothing to see here” meme being sold to us by the usual suspects, I will continue to follow the updates on Washington’s Blog.


 

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Disaster And Dishonesty

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The recent earthquake in Japan caused one of the worst nuclear accidents in history.  At the aptly-named Fukushima nuclear facility, two reactors (#1 and #3) reportedly experienced “partial meltdowns” and hydrogen blasts while a third (#2) experienced “cooling problems”.  Since the Fukushima nuclear crisis began, we were given spotty, uninformative reports about the extent of the damage to the critical equipment, despite assurances that the “reactor vessels remain intact”.  The video depicting the explosion of the containment building for reactor #1 immediately raised questions about the risk of radiation leakage.

Within minutes after the earthquake struck, we were informed about “an incident” at Fukushima reactor #1, involving “overheating”.  We later learned that people within a 6-mile radius of the plant had been evacuated.  Shortly thereafter, the evacuation zone was expanded to 12 miles, resulting in the evacuation of 180,000 people.  Because the cooling systems for reactors #1 and #3 were not operating properly, it became necessary to pump in sea water to cool the fuel rods.  Despite government assurances that there had been no radiation leakage hazard, we later learned that there had been deliberate releases of reactor steam containing radioactive cesium.  The Union of Concerned Scientists provided this bit of information about cesium:

Cesium-137 is another radioactive isotope that has been released.  It has a half-life of about 30 years, so will take more than a century to decay by a significant amount.  Living organisms treat cesium-137 as if it was potassium, and it becomes part of the fluid electrolytes and is eventually excreted.  Cesium-137 is passed up the food chain.  It can cause many different types of cancer.

The news reports concerning the nuclear facility often seemed idiotic.  One article began with an explanation that the explosion at reactor #1 damaged the containment building only, causing the roof to blow off.  Later in the story, we were assured that although a “partial meltdown” may have been taking place within the reactor core, the reactor vessel remained intact.  Then came the remark that even if the reactor vessel began to leak radioactivity, the containment building would prevent the dissipation of those contaminants into the atmosphere.  The reporter apparently forgot about the statement a few paragraphs earlier that the containment building no longer had a roof.  Whoever wrote that story did an obvious, “cut and paste job” without realizing that the reassuring remarks about the containment building were no longer valid.  This was typical of the sloppy reportage of the Fukushima predicament.   .  .  . But hey – it was a weekend! Another tactic frequently employed in the lame coverage of the radiological situation would involve beginning a report with a stale factoid about reactor cooling problems and shifting the focus of the story over to the earthquake itself or to the tsunami.

A good deal of the frustration experienced by those attempting to ascertain the status of the potential nuclear hazards at Fukushima, was obviously due to the control over information flow exercised by the Japanese government.  I began to suspect that President Obama might have dispatched a team of Truth Suppressors from the Gulf of Corexit to assist the Japanese government with spin control.  An article by Norimitsu Onishi, Henry Fountain and Tom Zeller Jr. of The New York Times provided this history of how nuclear power hazards have been handled in Japan:

Over the years, Japanese plant operators, along with friendly government officials, have sometimes hidden episodes at plants from a public increasingly uneasy with nuclear power.

In 2007, an earthquake in northwestern Japan caused a fire and minor radiation leaks at the world’s largest nuclear plant, in Kashiwazaki City. An ensuing investigation found that the operator — Tokyo Electric — had unknowingly built the facility directly on top of an active seismic fault.  A series of fires inside the plant after the earthquake deepened the public’s fear.  But Tokyo Electric said it upgraded the facility to withstand stronger tremors and reopened in 2009.

Last year, another reactor with a troubled history was allowed to reopen, 14 years after a fire shut it down.  The operator of that plant, the Monju Prototype Fast Breeder Reactor, located along the coast about 220 miles west of Tokyo, tried to cover up the extent of the fire by releasing altered video after the accident in 1995.

Such a track record suggests that the lack of information concerning the Fukushima episode is the result of a lack of probity.

Nevertheless, after an entire weekend of attempting to find out what was transpiring in Fukushima, I finally came across an informative article by Thomas Maugh of the Los Angeles Times.  Here is the answer to the question no other media outlets were willing or able to address:

The worst that could happen if all cooling stopped is that the fuel would melt and fall to the floor of the containment vessel.  The containment vessel is designed to hold the hot fuel in, but the type of nuclear reactor in danger at the Fukushima plant —General Electric Mark One boiling water reactors — has been widely reported to have a vulnerability in its design that would let the fuel burn through the floor of the vessel.  If that happened, radiation could spread through the environment, but on a much more limited basis than happened at Chernobyl, where there was no containment vessel and the core contained graphite that burned, dispersing radioactivity widely. A massive plume of radioactive smoke and ash could spread from the site, exposing people for miles away, depending on the wind and weather.

Most news outlets provided us with “answers” from know-nothing politicians such as Chuck Schumer who — when asked about the future of nuclear power in America — seized the opportunity to trumpet the bogus narrative about “foreign oil”, despite the fact that oil is not used to produce electricity.

We are witnessing the hazardous consequences of entrusting unreliable individuals with authority over the use of nuclear reactors.  It’s not looking good.


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