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By Tyler Durden

Submitted by Leonard Hyman & William Tilles via OilPrice.com,

Donald Trump in the White House and Theresa May in 10 Downing Street. They will open the door to more nuclear spending, no doubt. Prime minister May has already given a green light to Britain’s most expensive energy project, a heavily subsidized nuclear power station at Hinkley Point. Based on the most recent federal budgeting approvals, we expect that no U.S. nuclear weapons programs will want for funds. But, despite all the post-election industry euphoria, should we anticipate a full renaissance for U.S. commercial nuclear power? Is that just a bridge too far, so to speak? Let's look at the what will go into some of these decisions.

1.Need for the product. With no growth in the market for electricity, the industry needs new power plants only to replace old ones and to decarbonize output in order to mitigate global warming. The Trump administration has declared an end to the so-called war on coal, which makes it less likely that the electric industry will have to close old coal fired generating stations soon and it has categorized global warming as a hoax, which removes an excuse to build non-carbon producing nuclear units. The nuclear industry will need another rationalization for expansion.

2.Economics. Nuclear power looks like an expensive means of producing base load electricity with significant known risks and ongoing waste storage/disposal issues. A new 1,000 MW nuclear plant ordered today for 2025 in service would cost about $10 billion. New renewables can produce power at no higher a cost per kwh, without the same long construction schedule and need to build so large a unit. A new base load gas fired unit of the same size capacity could be completed in a few years and cost one fifth as much per MW and produce at a lower cost per kwh. Producing a commodity like electricity at a relatively high price in a competitive market is not a winning business strategy. Nuclear has to offer something else.

3. Base load generation. Nuclear plants run as base load units, something renewables cannot do — at least not until economical energy storage comes into the picture– because of the intermittency of their output. Still, renewables, particularly wind in the U.S. midwest and Texas, will temporarily displace more large central station power generation, forcing more units to “cycle”. Nuclear plants are less well suited for this duty. Flexibility and load following may become more highly valued than base load. This also reflects a change in the electric industry itself. The former command and control or paternalistic relationship between utility and consumer is changing. At a minimum consumers are dictating how their energy is produced, agreeing for example to pay premiums for “greener” forms of electricity. In other words, nuclear has something to sell in the base load market, but that market may be in decline. Related: Are Abandonded Mines A Solution For This Energy Dilemma?

4. Power markets. Neither U.S. nor UK power markets will support …read more

Source: 10 Reasons Trump Won’t Lead A Nuclear Renaissance

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By Tyler Durden

With the Obama administration set to unveil a fresh round of sanctions against Russia as soon as today, allegedly in retaliation for the Kremlin’s “hacking” of the US elections, President-elect Trump had a few words of his own what he thinks the best steps for the US are: move on.

“I think we ought to get on with our lives,” Trump told reporters Wednesday night outside of Mar-A-Lago, his Florida resort, also casting doubt on the government’s assessment that Russia hacked U.S. political organizations.

As has been extensively reported over the past 6 weeks, U.S. intelligence agencies have “concluded”, without providing one piece of evidence, that the Russian government orchestrated cyber attacks against the Democratic National Committee and other American political groups and then leaked information to interfere in the Nov. 8 elections. Russia has denied the accusations. Trump has said he wants to improve relations with Russia and has praised its president, Vladimir Putin.

“I think we ought to get on with our lives,” Trump told reporters in Florida, with boxing promoter Don King standing by his side. “I think that computers have complicated lives very greatly. The whole age of computer has made it where nobody knows exactly what is going on.” Hillary Clinton would certainly agree with that.

Before leaving for his last Hawaiian vacation, Obama said on Dec. 16 that the U.S. will retaliate against Russia at an unspecified time, in a “thoughtful, methodical way.” The response may be covert, public or both, he said. Ironically, overnight it was leaked to every press outlet, that the retaliation would take place at a very specific time: today.

Earlier Wednesday, Bloomberg reported that Senator Lindsey Graham, a Republican from South Carolina, said during a trip to the Latvian capital that Russia and Putin should expect new sanctions for meddling in the election.

In Florida, Trump was asked by reporters about efforts to disclose intelligence about Russian interference in the election. “They should do the best they can, figure it all out,” he said.

Trump said he hasn’t spoken to Lindsey Graham. “I don’t know what he’s doing. I haven’t spoken to Sen. Graham,” Trump said. “As you know, he ran against me.”

…read more

Source: Trump On Russian Sanctions: "We Ought To Get On With Our Lives"

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Donald Trump owns 17 golf courses in the U.S. and around the world. Here’s what you need to know about the properties. …read more

Source: Trump’s 17 golf courses: What you need to know

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Toshiba’s dreams of becoming a nuclear energy leader have turned into a nightmare. …read more

Source: Investors wipe $6.6B off Toshiba’s market value

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By Tyler Durden

Submitted by George Igler via The Gatestone Institute,

• The question remains, however, why any nation would want to throw out its sovereignty to institutions that are fundamentally unaccountable, that provide no mechanism for reversing direction, and whose only “solution” to problems involves arrogating to itself ever more authoritarian, rather than democratically legitimate, power.
• Previous worries over unemployment and the economy have been side-lined: the issues now vexing European voters the most, according to the EU's own figures, are mass immigration (45%) and terrorism (32%).
• The Netherlands' Partij Voor de Vrijheid, France's Front National and Germany's Alternativ für Deutschland are each pushing for a referendum on EU membership in their respective nations.
• Given that the EU's institutions have been so instrumental as a causal factor in the mass migration and terrorism that are now dominating the minds of national electorates, some might argue that the sooner Europeans get rid of the EU, which is now doing more harm than good, the better.

Attention is beginning to focus on elections due to take place in three separate European countries in 2017. The outcomes in the Netherlands, France and Germany will determine the likely future of the European Union (EU).

In the Netherlands, on March 15, all 150 members of the country's House of Representatives will face the ballot box. The nation is currently led by Prime Minister Mark Rutte, whose VVD party holds 40 seats in the legislative chamber, ruling in a coalition with the Dutch Labour party, which holds 35 seats.

In contrast, the Party for Freedom – Partij Voor de Vrijheid (PVV) – led by Geert Wilders, currently holds 12 seats.

According to an opinion poll, issued on December 21, Wilders's party has leapt to 24% in the polls, while Rutte's party has slid to 15%. Were an election to happen now, this would translate to 23 MPs for Rutte's VVD, and 36 MPs for Wilders's PVV.

Given the strict formula of proportional representation in the Netherlands, however, coalition governments are the norm. Should Wilders's PVV come first in March, he will likely need to negotiate with one of his staunchest critics to form a government.

In France, two rounds of voting in the presidential elections are set to take place on April 23 and May 7 – with the two leading candidates from the first round facing each other in a runoff in the second round.

The most likely candidates to make it through to the second round, François Fillon, of the centre-right Les Républicains, and Marine Le Pen, of the populist Front National, remain tied in first-round polling.

A survey, published on December 7, gave each candidate 24%. Le Pen's party, however, has previously fallen afoul of France's dual-round voting system, in which voters for other parties have used the second round to swing behind the more moderate candidate.

A separate BVA poll, which solely simulated a run off between Fillon and Le Pen, showed the …read more

Source: The EU Vs. The Nation State?

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By Tyler Durden

A new study just released from Public Health England concludes that 4 out of 5 Brits between the ages of 40 – 60 are fat, lazy and/or alcoholics, characteristics which the study shockingly found to be having an adverse effect on the group’s long-term health.

The study, which compared data collected from 40 – 60 year olds between 2011 – 2013 to similar data collected 20 years prior found that Brits, both men and women, were almost universally less healthy on nearly every metric tested…a fact that researchers attributed to the sedentary nature of our modern lifestyles.

The demands of modern day living are taking their toll on the health of the nation, and it’s those in middle age that are suffering the consequences most, as their health reaches worrying new levels.

Over 15 million Britons are living with a long term health condition, and busy lives and desk jobs make it difficult to live healthily. But just making a few small changes will have significant benefits to people’s health now and in later life.

We know that people often bury their heads in the sand when it comes to their general health but the consequences of doing nothing can be catastrophic. There are an estimated 11.9 million people at increased risk of developing Type 2 diabetes in the UK because of their lifestyle and more than one million who already have the condition but have not yet been diagnosed.

Type 2 diabetes can lead to serious complications such as amputation, blindness, heart attack, stroke and kidney disease. We know how hard it is to change the habits of a lifetime but we want people to seek the help they need to lose weight, stop smoking and take more exercise.

As Dr. Joan Costa-Font of the London School of Economics points out, while our lifestyles have certainly grown more sedentary over the decades our caloric intake has not changed to match the decline in activity. Per RT:

“Typically, life in the 21st century might mean a commute into a desk-based occupation, and three or four meals a day, leading to many people consuming more calories than their lifestyles require,” said London School of Economics researcher Dr. Joan Costa-Font.

“We still eat like our parents did, or worse, but we don’t move around nearly as much as they did. People no longer have to visit each other to hold a face-to-face conversation, they can simply Skype. We jump in the car or the bus or the Tube rather than walking.

“As lifestyles have slowed down and become more sedate, people haven’t amended their calorie intake accordingly. We should all eat less.”

Looking at the actual figures, over 75% of men sampled in 2011-2013 were considered overweight with over 30% of those considered obese/severely obese compared to only 16%, 20 years prior.

While not quite as bad as the men, 28% of women were also found to be obese/severely obese compared to 20%, 20 years ago.

Meanwhile, even though …read more

Source: 4 Out Of 5 Middle-Aged Brits Are Fat, Lazy Drunks; New Study Finds

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By Tyler Durden

Submitted by Lance Schuttler via TheMindUnleashed.com,

The Times of Israel is reporting that police are calling on Israeli Attorney General Avichai Mandelblit to allow them to open a full criminal investigation against Prime Minister Benjamin Netanyahu.

On Monday, December 26th, Israeli police announced that they are absolutely convinced that a criminal investigation will be opened in the next few days due to new documents that were recently received in a special inquiry that began about 9 months ago.

The offenses that Netanyahu allegedly will face will be bribery and aggravated-fraud. In June it was reported that police had recently started their secret investigation, with demand that no details be leaked to the media.

Attorney General Mandelblit also allegedly instructed employees in the state prosecutor’s office to investigate allegations that Netanyahu accepted 1 million euros (about $1.1 million) from accused French fraudster Arnaud Mimran in 2009.

Earlier in December, in an apparently unrelated case, there were calls for the Netanyahu to be investigated for his role in a Defense Ministry deal to purchase submarines from a German company that is partly owned by the Iranian government.

The affair overtook public debate in Israel last month, as accusations came about that the Israeli prime minister may have been financially swayed in the decision by his personal counsel David Shimron, who himself had ties with the submarines’ builder, ThyssenKrupp. The purchase was opposed by sectors of the defense establishment, including former defense minister Moshe Ya’alon.

A spokesman for Netanyahu defended the Prime Minister by telling The Times of Israel, “This is absolutely false. There was nothing and there will be nothing.”

What is most interesting about this news is the possible correlation with the U.S. decision to abstain from the vote in the United Nations that aims to stop Israeli construction on occupied Palestinian territory. While it only makes logical and legal sense for such construction to be halted, the U.S. decision not to support Israel is a public slap in the face and one that comes at a time where it also makes sense to ask a logical question: Does the U.S. know something about Netanyahu’s investigation and possible crimes and are they now seeking to publicly separate themselves from the controversial Israeli Prime Minister?

However, speculation that Netanyahu has been deeply involved in corruption, bribery and even war crimes have been circulating for years and if indeed true, won’t surprise many.

Will “Bibi” slide away from this scandal unscathed or will this result in criminal charges? What changes might this possible criminal investigation have on the dynamic between Netanyahu and incoming U.S. President Donald Trump? If investigated, will Trump come to the defense of Bibi, or will Trump begin to distance himself …read more

Source: Israeli Prime Minister Benjamin Netanyahu Faces Criminal Investigation For Fraud & Bribery

    

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