The cost of Nuclear transparency!

The World is fast heading the way of the Nuclear power as the Oil just seems to keep on rising and rising. The way that things are shaping up is worrying many an economist as well as strategic analysts out there for a whole lot of reasons. One of their main concerns can be shaped by a single word and that is, ‘Chernobyl’. The one thing that has everyone so worked about is the amount of transparency in the area of Nuclear reactors. Everyone has a right to be concerned, since any energy company running such reactors would not be interested in coming forward with the necessary details if anything were to go wrong.

With the price of Oil going up into the stratosphere at more than 100$ a barrel, is it any wonder that most of the developing world is taking a deeper look at Nuclear energy as an alternative source of power. With more and more reactors due to come up all across the developing world, it is high time that all the countries got together and ensured that there was total transparency in the running of the nuclear station. That is easier said than done, but the one thing that seems to be paramount on the minds of most of the strategic analysts all over the world is not the very safety of the reactors in question or their viability, but rather the idea of the Nuclear materials being converted for usage as a ‘Dirty bomb’.

The way that things are going on, the whole world is turning to the idea of using nuclear power as a dependable and cheap source of energy. What is more, the developing world, with the likes of China and India not wanting the lack of energy to stranglehold their rapid growth rate, are investing in new reactors at a very rapid pace. The world should realize that nuclear energy is a reality and that every country has a right to it. As it is, the developed world should set an example for others top follow by declaring all information relevant to their nuclear reactors, the ones that they are currently using as an alternative source of power and make it public. Only by increasing the transparency can the road ahead to the Nuclear power be a safe one, one that does not replicate the Chernobyl disaster at any time whatsoever!

Oil surges ahead and stocks get battered!

Today saw the Wall street take a battering on account of the surge in Oil and the weak economic data. i had already posted on the Oil reaching 90$ and more. It was only to be expected especially with the Middle east conditions being what they are. What has made matters even worse is the fact that the OPEC is not increasing the supply at the moment and they are scheduled to have a series meetings on this account. If the OPEC cannot control the sudden surges in Oil prices, then may be some one else could do it for them. The statements from the president of the United states, George bush on Iran and the World war 3 certainly did nothing to ease the markets. All they did was to increase the 'bear' pressure on the markets. All in all, with the Oil surges and the weak economic data coupled with Georgie's statements on war, all of them together made the Wall street take a battering!

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