japan, page-4

There is a really good read at:
http://aheadoftheherd.com/Newsletter/2011/Ahead-of-the-Herd-With-UranerzEnergy.html

A snippet below:

Rick: I don't mean to sound insensitive, but when you think about it, for an astute investor in the uranium sector, Fukushima could be a blessing in disguise. Like I said, I don't want to be disrespectful to the Japanese people, but that was an old style reactor nearing the end of its life. It was built on a fault line, and way too close to the ocean, and it was a matter of not if it's going to happen, but when.



Dennis: If you consider that it was a plant that was built some 40 years ago, probably designed 45 or 50 years ago, and then as you say it was nearing the end of its life and to have it hit by the most powerful earthquake ever to hit Japan, and a subsequent tsunami. The fact that it survived as well as it did is, I don’t call that a nuclear disaster, I call it a nuclear miracle. And as one of the analysts recently wrote, if anything, the event at Fukushima highlights the safety of nuclear power rather than the other way around.



Rick: A hell of a lot safer than coal mining.



Dennis: Exactly. I think part of the problem is that generally people are afraid of the unknown, and radiation is something that’s unknown to most people. I was recently shown a chart that described how much radiation the average person in North America is exposed to. I think the average person would be quite shocked to realize that they are being irradiated every day; by the sun, when they jump in an airplane and travel, by getting, of course, an x-ray for either a dental or medical x-ray. I mean, we’re all being irradiated. I understand even eating a banana irradiates you. But it’s the fear of the unknown, I think, that’s caused part of the reaction.