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Brunsbüttel, Krümmel (German nuclear controversy) | 97 comments (97 topical, editorial, 0 hidden)
Re: Brunsbüttel, Krümmel (German... (none / 1)
Sure, but in the long run...

Still, the extreme lack of price elasticity of uranium makes oil look like a joke.

The only short term (less than 5-10 years) substitute for uranium ore is more SWU's (more intense enrichment). But I think enrichment capacity is pretty much running full bore, which is why they are building Geroges Besse II, USEC's American Centrifuge and Urenco's US centrifuge (and either AREVA is part of that or planning it's own US enrichment facility).

On top of that, the old gasseous diffusion facilities are horribly energy inefficient. Tricastin use something like 2700 MW while the replacement is going to be about 5 % of that.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Fri Jul 13th, 2007 at 06:37:14 AM EST
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Re: Brunsbüttel, Krümmel (German... (none / 1)
Something kcurie and I were wondering about: what is the price elasticity of oil, and (while we're at it) of uranium?

Defined as

(Price elasticity of demand) = (price / demand) * [(change in demand) / (change in price)]

Can the last politician to go out the revolving door please turn the lights off?

by Carrie (migeru at eurotrib dot com) on Fri Jul 13th, 2007 at 06:39:21 AM EST
[ Parent ]
Elasticity of oil and U (4.00 / 2)
You can't compare because the oil market is spot and liquid, whereas the U market is mostly legacy multi-decade contracts, the spot is new and marginal.

In both cases, the spot exhibits near zero elasticity. But in the case of oil, it tells much of the true story, where as in the case of U, it may not be significant on the long term.

Pierre

by Pierre on Fri Jul 13th, 2007 at 07:07:55 AM EST
[ Parent ]
More SWU (4.00 / 4)
I think GBII will give a lot of room for tail reprocessing in Europe. But the market remains cornered: who owns basically all the tails in Europe, close to half the tails in the world ? Areva...

They are on the same side as the hedge funds and the U exploration company, to fuck the newcomers. And it puts Areva in a strong selling position in Europe: buy my EPR, my price, cos' if you buy Toshiba, I won't procure you rods, and I'm the only guy in town with rods. Screw you.

Pierre

by Pierre on Fri Jul 13th, 2007 at 07:04:33 AM EST
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Re: More SWU (none / 1)
By the way, are there any French legal obstacles to accepting foreign spent fuel? That would make nuclear power far more attractive from a political point of view for small nations who don't feel the political cost of a small nuclear program can be justified.

Buy Areva EPR= get fuel and we'll take your waste, either permanently or put in int the reprocessing backlog, effectively storing it at La Hague for decades.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Fri Jul 13th, 2007 at 07:44:55 AM EST
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Re: More SWU (4.00 / 6)
This is precisely forbidden. Reprocessed fuel (either into MOX or long term storage containers) must be sent back to its producer. There is even a treaty against it (I think its Basel).

Pierre
by Pierre on Fri Jul 13th, 2007 at 08:00:11 AM EST
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Re: More SWU (none / 1)
It's illegal here too, but I didn't know there was a treaty.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Fri Jul 13th, 2007 at 08:40:59 AM EST
[ Parent ]

Brunsbüttel, Krümmel (German nuclear controversy) | 97 comments (97 topical, 0 editorial, 0 hidden)
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