Monday, April 11, 2011

Update from Japan

Well, reactor 4 was on fire but Tepco tells that it's all good now and if we've learned anything it's that Tepco always tells the truth :)

On a related matter the Nuclear and Industrial Safety Agency has increased the Fukishima disaster to a LEVEL 7 disaster. This is on a scale from 1 to 7 with Chernobyl being a 7. All is well, nothing to see here.

Soil samples

The study found cesium-137 at levels between about 590,000 and 2.19 million becquerels per cubic meter." Comparing this to Chernobyl: "After the Chernobyl nuclear accident in the former Soviet Union in 1986, residents who lived in areas where cesium-137 levels exceeded 555,000 becquerels were forced to move elsewhere. The amounts of cesium-137 found in Iitate were at most four times the figure from Chernobyl."

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Alcoa kicked off earnings season with a slight miss on sales, earnings were a little better than expected and lighter than expected capital expenditures. The stock was down about 4% at last check.

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