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Strategies & Market Trends : Value Investing

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To: Jurgis Bekepuris who wrote (41765)3/15/2011 6:33:11 PM
From: Mark Marcellus1 Recommendation  Read Replies (1) of 78572
 
IMHO, it is very sad that most of the world will have knee-jerk reaction to nuclear problems in Japan and stop investing in nuclear energy or decommission existing nuclear plants.

As always there will be unwarranted knee jerk stuff, and yes everything has risks, but...

- The long term effects of a nuclear disaster are much worse than the alternatives. When that gas pipe exploded in California, devastating a neighborhood, everyone but the people whose houses were destroyed was able to move back in a matter of days, not years.

- There are reasonable concerns about the ability of the industry to model for disaster risk. If a Japanese company was unable to fully anticipate what was, in retrospect, a fairly obvious earthquake scenario where a major earthquake is followed by a tsunami, what scenarios are they missing in other places?

- One clear risk that needs to be reexamined is keeping the spent fuel next to the reactor. It sounds like that was the major problem causing radiation leaks.
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