• 7 minutes Get First Access To The Oilprice App!
  • 11 minutes Japanese Refiners Load First Iran Oil Cargo Since U.S. Sanctions
  • 13 minutes Oil prices forecast
  • 17 minutes Renewables in US Set for Fast Growth
  • 8 hours Chinese FDI in U.S. Drops 90%: America's Clueless Tech Entrepreneurs
  • 5 hours Socialists want to exorcise the O&G demon by 2030
  • 49 mins Russian Message: Oil Price War With U.S. Would Be Too Costly
  • 11 hours Good Marriage And Bad Divorce: Germany's Merkel Wants Britain and EU To Divorce On Good Terms
  • 23 hours Cheermongering about O&G in 2019
  • 33 mins Oil CEOs See Market Rebalancing as Outlook Blurred by China Risk
  • 2 days Is Natural Gas Renewable? I say yes it is.
  • 1 day Duterte's New Madness: Philippine Senators Oppose President's Push To Lower Criminal Age To 9
  • 2 days North Sea Rocks Could Store Months Of Renewable Energy
  • 15 hours *Happy Dance* ... U.S. Shale Oil Slowdown
  • 2 days Making Fun of EV Owners: ICE-ing Trend?
  • 2 days Emissions from wear of brakes and tyres likely to be higher in supposedly clean vehicles, experts warn
  • 5 hours WSJ: Gun Ownership on Rise in Europe After Terror Attacks, Sexual Assaults
Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Trending Discussions

China Steps Up Its Nuclear Program

The Middle Kingdom currently has 12 operational plants generating 12 gigawatts accounting for 2.3% of the country’s power. Another 23 are currently under construction. It plans to add ten a year for the next decade, taking them up to 70 Gigawatts by 2020, and a staggering 400 gigawatts by 2050.

That’s nearly the total power generated in China today. This will make China the world’s largest consumer of yellow cake (U3H8) for fuel. Canadian, American, and Australian uranium miners please take note.

The goal is to meet the country’s insatiable demand for more electricity, as well as making a major dent in new greenhouse gases contributing to global warming. The China Guangdong Nuclear Power Group in the Southern part of the country is using imported French designs with proven track records. But the China National Nuclear Corporation in the North is using riskier Russian designs, and its president was recently arrested on corruption charges (see below). China plans to start using solely its own designs in the near future.

One wonders if these plants will perform as badly as the country’s poorly constructed school buildings when an earthquake hits. As nuclear plants are sited next to major cities, an accident could make Chernobyl look like a cake walk.

By. Mad Hedge Fund Trader




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News