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Friday, 24 February 22:36 (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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USA's Ultimatum to NATO: Spend More on Defense

The USA doesn’t seem to want to quit the NATO. However, they are fed up with financing the lion’s share of the alliance.
 
The Pentagon’s ultimatum to the rest of the NATO says:  Either you start spending more money on defense or we start reconsidering our participation in the alliance.
Publication date: 21 February 07:21 AM

Russia Captured the Crimea Because of Obama's Indecisiveness, Trump Says

Donald Trump keeps on making Russia unpleasantly surprised. If a couple of months ago they used to welcome Trump’s victory and hope to make friends with the USA, now they start thinking that maybe Hillary Clinton could have become a better option for Russia as the U.S. President.

 

 
Publication date: 21 February 06:35 AM

Fed Chair Janet Yellen Says Delaying Interest Rate Hikes Is Unwise

According to the Chair of the Federal Reserve, it would be unwise to keep on delaying interest rate hikes. The other day, Janet Yellen told the Board of Directors of the Federal Reserve that they might consider another interest rate hike during the forthcoming FOMC meeting.
 
Publication date: 20 February 11:25 AM

The Guardian Questions Relations Between Trump and Putin

According to a number of political observers, including those working for The Guardian, the relation between the USA and Russia has been begging many questions ever since Donald Trump moved to the White House.

 

 
Publication date: 20 February 05:21 AM

New Secretary of the Treasury Says No to Canceling Sanctions against Russia

Even despite the fact that Donald trump unexpectedly become the 45th President of the United States, and he seems to be more loyal to Russia than any U.S. leader over the last couple of decades, Russia has still been failing to find a common language with the USA.
 

 

Donald Trump started his presidency with unpopular decisions. Some of his policies are not welcomed by politicians from both parties, not to mention mass media, secret services and millions of U.S. citizens. Maybe Putin was hoping that Trump would start helping Russia implementing its imperial ambitions despite the public discontent in the USA. But those hopes now seem to be broken. The sanctions will stay effective until Russia gives the Crimea back to Ukraine. That’s the standpoint put forward by Trump’s administration.
Publication date: 20 February 12:03 AM

Trump Leaves Putin Without Key “Trump”

The dialog between Vladimir Putin and Donald Trump is following an unexpected scenario. It’s unexpected for Moscow. The Kremlin seems to have lost their key “trump” card in the talks with Washington.

 

 
According to some military experts, even the most unbiased Russian media ignored a sensational statement published by Reuters. To be more specific, Reuters claimed that during the recent phone call to Washington, Putin told Trump that he was ready to discuss the possibility of extending the agreement to cut nuclear arms. The agreement was signed in 2010 in Prague and will expire in 2020.
Publication date: 19 February 03:22 PM

Trump Wants Big Deal with Russia. What May Come out of It?

It’s seems like Donald Trump doesn’t mind creating some kind of an alliance with Vladimir Putin. Is so, can he succeed or will he become another U.S. president fooled by Putin. This is the question a number of international experts are trying to answer.
 

 

For now, the details of the plan are vague. The current ambiguity existing among the representatives of Trump’s administration hints at this fact. Even when the USA's Permanent Representative to the United Nations demanded for the condemnation of Russia’s aggression in Ukraine, Donald Trump seemed to still have some hope for making friends with Putin. At the same time, he wouldn’t dare say something like ‘the USA is as blood-thirsty as Russia’.
Publication date: 19 February 01:48 PM

Scotland Is Against Brexit

The House of Commons of the British Parliament decided that Prime Minister Theresa May should fulfil the people’s will expressed during the Brexit referendum in summer 2016 and launch the Brexit procedure to quit the European Union. This means that the British government is allowed to start the negotiation with Brussels over the terms and conditions quitting the European Union for good.
 
Publication date: 19 February 05:22 AM

Senate Prepares a Draft Law Forbidding to Cancel Anti-Russian Sanctions

Several members of the U.S. Senate led by ben Cardin and Lindsey Gram prepared a draft law designed so as to make the White House provide the Congress with a detailed explanation if at some point in the future the U.S. Presidents decided to cancel the sanctions imposed on Russia. On top of that, 120 days after the explanation is provided, the Congress will decide whether to support this initiative.
 
Publication date: 16 February 12:16 PM

Putin's Chances to Improve Relations with Trump Are Close to Zero, Experts Say

Some experts say that Putin has almost zero chances to reach mutual understanding with Trump. First of all, they remind us that over the first 10 days of his presidency, Donald Trump managed to create as much uncertainty around US-Russia relations that as no other president has ever created even within the first 100 days of their presidency.

 

 
Publication date: 16 February 11:07 AM