PEN peninsula energy limited

for info only-for what it's worth, page-9

  1. 2,875 Posts.
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    lecram

    I think you should post a link to your source of info as that article also states the following:

    But Peter Bradford, a former member of the Nuclear Regulatory Commission, predicted Americans would respond to the Japanese disaster with "greatly heightened skepticism and heightened unwillingness to have nuclear power plants located in one's own neighborhood."

    He predicted as well greater regulatory scrutiny of existing nuclear plants that are seeking to extend their operating licenses, especially when those plants are located in seismically active zones, such as Southern California's San Onofre Nuclear Generation Station and Diablo Canyon Power Plant.

    "The image of a nuclear power plant blowing up before your eyes on the television screen is a first," Mr. Bradford said. "That cannot be good for an industry that's looking for votes in Congress and in the state legislatures."

    Mr. Obama's proposal to expand loan guarantees to aid construction of new reactors might also take a hit, especially given the push in Congress to cut spending, said Robert Alvarez, a former senior policy advisor for the U.S. Department of Energy who now works on nuclear disarmament issues. "There might be a political tsunami," Mr. Alvarez said.

    Within hours of the blast at the Japanese nuclear plant, Rep. Edward J. Markey, the top Democrat on the House Natural Resources Committee, called on the Obama administration to impose a moratorium on building new reactors in seismically active areas and to require those already in earthquake-prone zones to be retrofitted with stronger containment systems. He also called for a thorough investigation of whether design flaws contributed to the Japanese accident. Twenty three reactors in the U.S. use the same design parameters as Japan's crippled Fukushima Daiichi plant.

    http://online.wsj.com/article/SB10001424052748704296604576197340900789296.html?mod=googlenews_wsj

    There are positives and negatives discussed in the article. I think everyone should post all the facts and not just the positives as we need all the info we can get our hands on in order to make an informed decision before the markets open on Monday.

    Once again, the reason why so many people are posting on the PEN thread is because it has one of the largest number of posts on HC. This means that it has the most (up to date) info regarding what's happening in Japan in relation to the nuclear issue. As a result, it generates the most discussion and is the best thread to share info and keep informed on the matter. Some posts have more than 700 views while the general thread and uranium threads have less than 100 views and significantly fewer posts.

    Stop with the 'ulterior motives' paranoia already. Not many people are going to be lining to buy PEN shares or any uranium shares on Monday IMO so they have no reason to bash it or downramp the share.

 
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