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Friday, 27 May 12:06 (GMT -05:00)



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Nuclear Energy: Present And Future

Nuclear Energy: Present And Future

 

 

For decades people have been pondering on the same questions: Is nuclear energy worth betting on? Will it be the energy of the future? Is it too dangerous for the humanity to keep developing nuclear facilities around the world?
No wonder that there are many supporters and adversaries. Each party has weighty arguments.
 
As we know, last year nuclear energy became a special concern for the entire world. The Fukushima meltdown in 2011 (as the result of several earthquakes and tsunamis) reminded everyone that nuclear energy is as dangerous as powerful.
Shortly after the disaster, most nuclear countries started emergency testing of their nuclear power plants to find out whether they are safe enough. Some of them decided to abandon their nuclear plans.
 
Now let’s have a closer look at the results of such policies and the prospects of nuclear power engineering.

 

 

 

 

 

 
Nuclear Power Engineering: Significance And prospects
 
Modern energy production and supplies depend on natural resources. In this sector, crude oil accounts for 7%, 29% - coal and peat, 7 – natural gas.
 
Conventional energy sources
 

 

 

 

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Nuclear energy is widely used to meet the global energy needs. These days nuclear energy is relatively cheap and efficient. In some countries, nuclear power plants are major sources of energy.
 
Having analyzed numerous stats, the experts of Masterforex-V Academy report that there are some 450 nuclear power plants around the world. Over 60 new plants will be put into operation in the near future. The USA is the world’s leader in terms of nuclear capacities. France is the leader in terms of the share of nuclear energy - over 78%.
 
Let’s look at how much various countries are dependent on nuclear power:

 

 

 

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The image below reflects how many nuclear facilities each European country has and how many new plants are going to be built (given in brackets):

 

 

 

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Russia’s  Nuclear Sector
 
Russia has 10 nuclear power plants. They supply over 30% of the country’s energy needs. The Russian authorities bet on nuclear energy, thus improving and expanding the infrastructure.
Moreover, in 2011 Rosatom signed 21 contracts to build nuclear facilities abroad, including India, Turkey, Vietnam, China, Bulgaria, Armenia, Belarus and other countries. The Fukushima disaster only strengthened the confidence in the Russian technologies in the international arena because the number of contracts nearly doubled shortly after the disaster.
Rosatom is expected to increase its proceeds up to $75B by 2030.
 
As for innovations, not so long ago Russian developers offered to create a floating nuclear power reactor in order to supply the country’s coastal areas with electricity. This type of reactor is said to be safer than conventional nuclear facilities, which is a major factor.  
 
 
Current Global Tendencies And Forecasts
 
The Fukushima nuclear disaster gave birth to multiple rumors. According to them, most countries are about to abandon nuclear energy, to close their nuclear facilities and to freeze their nuclear projects.
However, some experts say that the humanity has already reached the point of no return, when people just cannot do without nuclear energy, especially as the global deposits of oil, natural gas and coal keep running low.  Nuclear-generated electricity accounts for 16% of all the electricity produced around the world.
 
Europe. The Fukushima disaster shocked the entire EU. Belgium and Switzerland were the first European countries to abandon their nuclear projects. Germany decided to suspend the work of some of its nuclear power plants. The UK and Italy came up with the same idea.
France, which is the EU’s leader in terms of nuclear capacity, speaks in favor of this type of energy. The thing is that the Japanese disaster made numerous countries revise and test the current condition of their nuclear facilities. The results appeared to be negative. Some countries are still at the crossroads, deciding whether to invest billions in modernizing their nuclear infrastructure or to simply abandon nuclear energy (thus closing all their nuclear facilities).
This year Germany has already stopped 8 of its 30-year-old nuclear power plants. The result is the lack of electricity. Therefore, Germany has to import it from the neighboring countries. However, it is rather costly (1.7 trillion euro). This year Germany is planning to built 120 wind power generators to make up for the lack of energy.
 
Asia. On the contrary, China is planning to develop its own nuclear infrastructure, especially as its territory is rich in uranium deposits. China’s energy capacities are based on nonrenewable resources (over 70%). Thermal power-stations are harmful to the environment. The Fukushima disaster made the Chinese authorities freeze their nuclear projects but earlier this year the moratorium was canceled.
 
The bottom line: It is relatively easy to close a nuclear power plant. However, before that, it is necessary to make sure that the country has enough alternative sources of energy to make up for the lack of nuclear power. Germany is a striking example of how hasty decisions can result in much heavier spending.
 
Alternative Energy Sources
 
These days many countries around the world bet on solar power. For example, next year China is planning to become the world’s leader in terms of producing solar panels. The USA is planning to increase the share of solar power up to 14% of the country’s total energy consumption. The EU has started a €400B project, which implies setting up solar panels in the Sahara desert and further transporting the energy to Europe through high-voltage underwater cables.
 
Renewable sources of energy are getting more and more popular with investors. In 2011 the inflow of investment capital in the sector increased by 40% up to $53.5B.
 
Some experts say that the share of alternative (renewable) energy sources will increase up to 20% in a decade.  However, the debt abyss, in which the world is about to fall, may postpone these ambitious plans.
 
Market Leader and Masterforex-V Academy would appreciate if you could participate in a survey. Please, visit the Academy’s forum for traders and investors and answer the following question:
 
Is nuclear energy really worth investing in?
 

 

 

 

You are free to discuss this article here:   forum for traders and investors

 

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U.K. Counts Possible Financial Losses In Case Of Brexit

More and more experts and observers start speculating on the possible fate of the United Kingdom in case of the so-called Brexit, which stands for the British exit from the European Union. They keep on trying to predict the financial losses awaiting the U.K. people down the road if they dare quit.

 

 
Publication date: 26 May 09:56 AM

U.S. Energy Sector Sees More Defaults

According to several online sources specializing in the U.S. energy sector, the amount of businesses in the U.S. energy sector that went bankrupt in 2015 increased all the way up to 13%. The sources rely on the results of the resent research conducted by Fitch. Back in 2014, the similar figures used to be under 2%. On top of that, the experts are sure that by the end of 2016, the amount of bankruptcies among U.S. energy companies is going to reach 20%.

Publication date: 26 May 07:32 AM

Another Interest Rate Hike by the Fed Expected In June

Some representatives of the international expert community remind us that the Fed is going to go back to discussing the possibility of another interest rate hike in the near future. This discussion is going to take place during the forthcoming FOMC meeting in June. They say that the markets are wrong when expecting the same interest rate for the 4th month in a row.

Publication date: 17 May 05:42 PM

Saudi Arabia Wants Less Dependence On Crude Oil

Not so long ago, a representative of the Saudi King’s was reported to have introduced a new development plan for Saudi Arabia until the year of 2030. It is named Vision 2030. The plan reveals the local authorities’ intention to introduced some fundamental changes to the country’s economy and financial system. They are aware of the serious dependence on crude oil exports, which is why they want to reduce this exposure to the international market of crude oil by making the local economy more diverse and less dependent on the local oil industry, especially amid still low oil prices and great uncertainty dominating today’s financial markets in general and the global oil market in particular.

Publication date: 04 May 11:12 AM

Fed Leaves Interest Rate Unchanged

The members of the Fed’s FOMC left the key interest rate unchanged at 0,25%-0,5% during the latest meeting last week. This is confirmed by the FOMC meeting minutes. To be more specific, the minutes read that the information received since the March meeting clearly indicates that the contemporary labor market is definitely improving and recovering despite the likelihood of another economic slowdown in the USA.

Publication date: 03 May 05:07 PM

Saudi Arabia Ready to Reduce Oil Dependence

Not so long ago, a representative of the Saudi King’s was reported to have introduced a new development plan for Saudi Arabia until the year of 2030. It is named Vision 2030. The plan reveals the local authorities’ intention to introduced some fundamental changes to the country’s economy and financial system. They are aware of the serious dependence on crude oil exports, which is why they want to reduce this exposure to the international market of crude oil by making the local economy more diverse and less dependent on the local oil industry, especially amid still low oil prices and great uncertainty dominating today’s financial markets in general and the global oil market in particular.

 

Publication date: 03 May 10:03 AM

Saudi Arabia’s Oil Games May Be Dangerous to Both Russia and USA

According to Andrey Gudkov, an observer for Deutsche Welle, the oil games played by Saudi Arabia may present danger to Russia and the USA. The be more specific, the observer says that the Saudis are playing dangerous oil games. They have been playing similar games in security and politics. Now they are playing those in macroeconomics. For instance, it was Saudi Arabia who intentionally disrupted the recent oil summit in Doha. On top of that, the Saudis announced their intention to sell tons of U.S. bonds to a stunning amount of $750 billion. Such unexpected steps may undermine financial markets worldwide and eventually affect a number of major and emerging economies, including Russia and the USA.

Publication date: 22 April 09:26 AM

Brexit May Cost EU 5% GDP

As you probably know, it is still unclear whether the UK is going to stay an EU member. The local officials seem to be against the so-called Brexit. However, the plain folks are going to make the final decision. The thing is that the authorities are going to conduct a Brexit referendum to let the people decide whether to stay in the European Union or quit it.
 
Publication date: 07 April 12:11 PM

Low Oil Prices Affect the Suez Canal

Low oil prices undermined the status of the Suez Canal. They say most ships find it cheaper to sail around Africa rather than sailing through the Suez Canal.  Some market observers believe that the oil market crash resulted in multiple consequences. On top of billions of dollars of lost profits by the world's biggest oil exporters, sailing around Africa is no said to be cheaper than saving time by passing through the Suez Canal.

Publication date: 07 April 08:19 AM

Chinese Economy Recovers Faster Than Expected, HSBC Says

According to HSBC experts, the Chinese economy has stabilized and is on its way to recovery. On top of that, the experts say that the recovery is accelerating and getting faster than expected. To be more specific, the latest economic figures coming from China shows that there is a considerable improvement going on in there.
 
Publication date: 07 April 06:34 AM