• 3 minutes Oil Price Could Fall To $30 If Global Deal Not Extended
  • 8 minutes Why Is America (Texas) Burning Millions of Dollars Per Day Of Natural Gas?
  • 11 minutes Is $60/Bbl WTI still considered a break even for Shale Oil
  • 15 minutes CNN:America's oil boom will break more records this year. OPEC is stuck in retreat
  • 8 hours The Pope: "Climate change ... doomsday predictions can no longer be met with irony or disdain."
  • 5 hours Greenpeace claims one oil rig is "pushing the world closer to a climate catastrophe"
  • 2 days Hormuz and surrounding waters: Energy Threats to the World: Oil, LNG, shipping markets digest new risks after Strait of Hormuz attack
  • 18 mins Hydrogen FTW... Some Day
  • 12 hours The Latest: Iranian FM Says US Cannot Expect To ‘Stay Safe’
  • 4 hours Middle East on brink: Oil tankers attacked off Oman
  • 1 day Russia removes special military forces from Venezuela . . . . Maduro gone by September ? . . . Oil starts to flow ? Think so . .
  • 11 hours Emmissions up, renewables nowhere
  • 1 day Plants are Dying
  • 2 days The Magic and Wonders of US Shale Supply: Keeping energy price shock minimised: US oil supply keeping lid on prices despite global risks: IEA chief
  • 2 days Never Knew Gasoline Prices were this important!
  • 2 days We Are Better Than This
  • 2 days (Un)expectedly: UK Court Sets Assange U.S. Extradition Hearing For February 2020
Is Now A Good Time To Buy Energy Stocks?

Is Now A Good Time To Buy Energy Stocks?

Two bearish factors are weighing…

Russia Pushes Back Against “Freedom Gas”

Russia Pushes Back Against “Freedom Gas”

The global gas market has…

U.S. to Bury its 70,000 Tonnes of Nuclear Waste

Oak Ridge National Laboratory has released a recent study which has determined that if and when the US ever decides to actually pursue the technology to recycle nuclear waste, it will take 20 years to develop. Based on this knowledge they have suggested that the current stockpile of spent nuclear fuel should be buried without any thought as to its retrieval in the future.

Officials from Oak Ridge involved in the report said that, “based on the technical assessment, about 68,450 metric tons or about 98 percent of the total current inventory by mass, can proceed to permanent disposal without the need to ensure retrievability for reuse or research purposes.” The remaining two percent will be used for research into recycling and storage technologies.

The Blue Ribbon Commission on America’s Nuclear Future, co-chaired by Steven Chu, also believes that the means to recycle nuclear waste is too far off for any consideration at the moment. “No currently available or reasonably foreseeable reactor and fuel cycle technology developments—including advances in reprocessing and recycling technologies—have the potential to fundamentally alter the waste management challenges the nation confronts over at least the next several decades, if not longer.”

Related article: Canada Considering Nuclear Reactors in Alberta Tar Sands Fields

Although they did add that it was “premature for the United States to commit, as a matter of policy, to ‘closing’ the nuclear fuel cycle given the large uncertainties that exist about the merits and commercial viability of different fuel cycle and technology options.”

Recycling is often thought of as a perfect means of dealing with nuclear waste, producing more energy and making a more efficient use of the fuel, yet anti-nuclear activists are readily against reprocessing technology.

Mali Martha Lightfoot, the executive director of the Helen Caldicott Foundation, says that, “recycling is a euphemism for reprocessing which is one of the worst polluters of the atmosphere and the ocean, and is a direct conduit to proliferation. It is not really a solution to anything except how can the industry get more of our money. It also ups the ante for reactor accident danger, as in the case of Fukushima, because MOX fuel has plutonium in it.”

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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