• 4 minutes Will We Ever See 100$+ OIL?
  • 8 minutes Iran downs US drone. No military response . . Just Destroy their economy. Can Senator Kerry be tried for aiding enemy ?
  • 11 minutes Energy Outlook for Renewables. Pie in the sky or real?
  • 13 mins Iran Loses $130,000,000 Oil Revenue Every Day They Continue Their Games . . . .Opportunity Lost . . . Will Never Get It Back. . . . . LOL .
  • 1 day Iran Captures British Tanker sailing through Straits of Hormuz
  • 19 hours Renewables provided only about 4% of total global energy needs in 2018
  • 10 hours EIA Reports Are Fraudulent : EIA Is Conspiring With Trump To Keep Oil Prices Low
  • 2 days Drone For Drone = War: What is next in the U.S. - Iran the Gulf Episode
  • 2 days Today in Energy
  • 2 days Berkeley becomes first U.S. city to ban natural gas in new homes
  • 2 hours Shale Oil will it self destruct?
  • 24 hours Oil Rises After Iran Says It Seized Foreign Tanker In Gulf
  • 6 hours First limpet mines . . . . now fly a drone at low altitude directly at U.S. Navy ship. Think Iran wanted it taken out ? Maybe ? YES
  • 5 hours N.Y. Governor Signs Climate Bill
  • 3 hours U.S. Administration Moves To End Asylum Protections For Central Americans
  • 3 days LA Solar Power/Storage Contract
  • 3 days Why Natural Gas is Natural
Alt Text

This Supermajor Is Leading The Energy Sector

This supermajor has been standing…

Alt Text

What The Market Is Overlooking In The Occidental Deal

Occidental Petroleum has caught a…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

Here's An Official Vote For Nuclear

Nuclear power hasn't been popular of late.

Most news globally has been about governments strategically moving away from atomic energy. Shutting down reactors in favour of alternate power sources.

But last week one of the world's biggest energy players cast an official vote for nuclear.

Japan.

The Japanese Ministry of Economy, Trade and Industry officially recommended that nuclear should be embraced as a go-to power source for the country.

The announcement came as part of Ministry efforts to draft a first-ever energy policy for Japan. One that outlines the country's strategy for the next 20 years in procuring power supplies.

That strategy will apparently include nuclear energy in a big way. The draft energy plan released last week called nuclear the "important base power source" for Japanese growth going forward.

Importantly, the plan calls for the restarting of currently-idled nuclear reactors. Flying in the face of speculation that the Japanese government might make an official move away from nuclear following the events at Fukushima.

The draft policy did recommend that nuclear should be augmented with renewable energy wherever possible. However, given Japan's very limited renewable infrastructure, this is probably a token statement. Unlikely to have much impact in reducing overall nuclear output.

It thus appears more and more likely we will see a large-scale restart of Japanese nuclear facilities. Significant news for both nuclear technology companies and for the uranium market.

Here's to planning ahead,

By. Dave Forest




Download The Free Oilprice App Today

Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play