On October 20, IBM announced that it was spinning off its chip division by paying GlobalFoundries $1.5 billion. GlobalFoundaries appears to have won the deal with its geographic position of owning fabrication facilities in New York as well as in Germany and Malaysia. The move didn’t surprise many, as there have been rumors that IBM…
Owen Paterson, who served as the UK’s environment secretary until a cabinet realignment during the summer of 2014, is planning to begin advocating a dramatic course change for his country’s energy policy. Instead of the wind-heavy plan that was developed by the Department of Energy and Climate Change (Decc) in order to attempt to implement…
Jim Conca has published a couple of recent posts on Forbes.com about the premature closure of nuclear power plants in the United States. One titled Are California’s Carbon Goals Kaput? focuses on some of the environmental aspects of the San Onofre debacle; the other, titled Closing Vermont Nuclear Bad Business for Everyone focuses on the…
James Conca recently published a commentary on Forbes titled Closing Vermont Nuclear Bad Business For Everyone. A major thrust of Conca’s initial post was highlighting the rapidly rising prices of electricity in New England that are being driven by an increasing reliance on natural gas as reliable power generators like the Vermont Yankee nuclear plant…
Yesterday, the Institute for Energy Research launched a project to help people gain a better understanding of the electric power grid, a marvel of modern society that most people take for granted — unless its product delivery is interrupted for more than a few minutes. This information project is timely, especially considering all of the…
Andrew Benson from Atoms For California contacted me last week to find out if I was interested in having a conversation about the history of nuclear energy in California, with a special focus on the history of the antinuclear movement in that trend-setting state. It sounded like a great idea for an Atomic Show so…
I had the opportunity to be in the audience during the above talk. You might notice my impolite interjections; I have often been accused of being very poor at hiding my real reactions and feelings. There is a reason why I stopped playing poker during game nights on the USS Stonewall Jackson. I was losing…
Russia, Belarus and Kazakhstan signed an agreement to form a Eurasian Economic Union (EEU) on May 29. Uranium market watchers should pay close attention and understand the potential implications of the alliance on the stability of the world’s uranium supply, even though the alliance has been dismissed as unimportant by some media pundits. For example,…
Mark Cooper of the Vermont Law School has published another paper in a series critiquing the economics of nuclear energy; this one is titled The Economic Failure of Nuclear Power and the Development of a Low Carbon Electricity Future: Why Small Modular Reactors are Part of the Problem and Not the Solution. It is not…
Many currently operating nuclear plants are in danger of being permanently shut down due to temporary conditions including low, but volatile natural gas prices, improperly designed markets that fail to recognize the value of reliable generating capacity, quotas and mandates that result in certain types of electrical generators receiving direct monetary payments in addition to…
Though it has been a little quiet here on Atomic Insights in the past few days, I have been working on some stories documenting financial maneuvers in the US energy industry — especially as it related to nuclear energy. You might be interested in reading Save Vermont Yankee. If not you, who? If not now,…
On April 11, 2014, Roger Annis, a member of the Vancouver Ecosocialist Group, gave a talk at the University of California Santa Barbara. The talk was titled Oil, tar sands, coal, natural gas: What’s behind the expansion drive of Canada’s and North America’s fossil fuel industries? It is a fascinating talk with some excellent slides…