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Strategies & Market Trends : John Pitera's Market Laboratory

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John Pitera
To: John Pitera who wrote (18690)2/2/2017 11:57:35 AM
From: robert b furman1 Recommendation  Read Replies (2) of 33421
 
Hi John,

I have a very good friend who is a master at welding thick pieces of iron - nches thick.

He was an apprentice at Manitowoc Crane - it is about 20 miles from my place in Wisconsin.

About 6 years ago Manitowoc Crane had built the two largest cranes ever made.

They were so tall and powerful that it could lift and support the entire rebar supports of a nuclear cooling tower and the containment dome.

It was intended to reduce the need for many cranes as was the past tradition.

Then along came Fukushima.

Both of those Cranes stood up in the air for years. The concrete platform is was eracted on was over 10 feet deep.

They have since been sold at great losses it tied up several hundred of millions of working capital.

The interesting part to know is that there are some innovative techniques and tools out there that can build nuclear on time and under budget - if the regulatory obstacles were removed.

Bob
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