Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

France Wakes Up To The Fragile Case For Nuclear Power

Politics / Nuclear Power Mar 20, 2014 - 09:29 AM GMT

By: Andrew_McKillop

Politics

First the Politics
March 18, newswires starting strangely with Kuwait's KUNA, reported that protesters from French environmental action groups, headed by Greenpeace and supported by activists of the EELV political party which is part of French president Hollande's parliamentary coalition, broke into France's oldest nuclear power plant (NPP) at Fessenheim located on the Franco-German border in Alsace, and occupied several parts of the operating section and its roof. Their claims were given considerable coverage by French media, if only to keep minds off Putin's victory in Crimea, fustigated as an “illegal act” by Hollande and his Foreign minister. One immediate result of this is the halt to construction, in French shipyards of two high tech missile-launch destroyers for the Russian navy, one of the ships named 'Sebastopol', in a contract worth about 1.5 billion euros.



The political claims of the Fessenheim NPP occupiers, who were arrested in a mass helicopter-aided operation by French anti-riot troops, as well as State militia gendarmes, and armed civil police, featured their claim that Fessenheim, at 37 years of age is well past its original design lifespan of 30 years. It has experienced a string of nuclear and mechanical accidents, is located on a known geological fault line, and above all is a “sitting duck target” for terrorists or hostile military strike action by missile, by any enemy country – Russia for example.

This theme, quite surprisingly, was allowed to be aired and developed on French 24/24 CNN-clone “news and views shows”, BFM TV and iTele, which are basically geared to selling advertising space for producers of anything that can be sold to couched potatoes. Why the couched potato masses should be interested in nuclear power – when they can slaver over Armani perfumes, Nespresso Gold capsules or really neat iPhone apps, while they munch a McDo and choose their next “low carbon” German saloon car – was not explained by the newzak TV channels. Instead, they were shown long interviews with EELV spokespersons including former presidential candidate Eva Joly (in fact a Franco-Norwegian), advancing the thesis of a possible missile or RPG or drone attack against any French nuclear power plant, including Fessenheim. Pointing out that occupying nuclear power plants is rather easy, they went on to suggest that pushing a button on a missile launcher a few kilometres away, or hundreds of kilometres away will also be “no problem”. The talkshow hosts were mock-aghast!

Your turn, Mister Hollande!  The media shifted back to normal government-friendly mode, and aired long black and white newsreel clips from the heroic days of French nuclear power, with the obligatory views of French atom bomb testing in Algeria and the south Pacific.  How that protects French NPPs was not explained, but newzak TV obviously thought “the bomb stuff” was great material for reassuring the couched potatoes.

Next the Problems
The official tally of functional and operating major civil power reactors in France is given as 58, at present, but the real total is closer to 62 or 63. These tallies also ignore the minimum of 4 “undisclosed military reactors” operating in France, which are only operating for the simple reason it is too expensive to turn them off. As long as they are called “operating” it is not necessary to dismantle them.

During “les annees Sarko” (2007-2012) of former president Nicolas Sarkozy, a politician now heavily and provenly implicated in a vast network of kickbacks, fake invoices and donations to his UMP party and his failed re-election campaign, from sources including “his friend” Muammar Gaddafi (while still living), “Sarko's” France made open and public attempt to sell 2 ex-military French nuclear reactors to Libya. The kickbacks from the aborted deal are now included in French justice investigations into his UMP's financing during that period.

To be sure the problem is not solved by selling outdated and dangerous military reactors to MENA dictators, in return for oil, but at least this kicks the problem down the road like a can. These very old and dangerous reactors are basically “plutonium brewers”, but why France would need to produce an additional 7 or 8 tons of plutonium every year for its present semi-official stock of 750 nuclear warheads, is never explained. Unofficial tallies of French plutonium stocks that the anti-nuclear associations like Reseau Sortir du Nucleaire make a point of publishing, run well above 200 tons, and are enough to build at least 25 000 smaller sized “tactical and compact” nuclear devices. France could take on the world with that – or irradiate its national territory and cause tens of thousands of cancer deaths, per year, with it. For the moment, French deciders prefer the second choice.

This creates at least one major problem - nuclear weapons cost money whether used or not, and the Fessenheim occupation shows that NPPs are a fabulous alternative – as long as they are located in Enemy Territory! In theory at least, offensive or 'classic' nuclear weapons are no longer needed, and this is a game changer, when or if our couched potato political “leaders” care to wake up to it.

Another key French nuclear problem is shown by Figure 1 in the following breezy OIES comment on the nation's nuclear power programme (www.oxfordenergy.org/2014/01/the-french-disconnection-reducing-the-nuclear-share-in-frances-energy-mix/). Over and above the tinges of English jealousy due to the UK being too de-industrialized to build anything as complex, mechanical, or Industrial Revolution style, as a NPP in England these days, and has to call for help from France's EDF-Areva, this OIES report shows how France's peak load power demand, and baseload demand have grown ever further apart. This report takes a pro-French reading of what it says national deciders should do about this in France – basically nothing – because any rapid retirement of the existing 58 or 60 NPPs would create a fantastic spending need for replacing them, far above 300 billion euros.

As the report also says, prolonging their lifespans – which ironically only in the Fessenheim case is accepted by Hollande's government as not an option and this NPP will be retired – is also too expensive, as well as risky. Reactor fleet retirement cost estimates published by the French General Accounting Office (Cour des Comptes) give an outline cost tally – only for decommissioning the present fleet in the period of about 2025 to 2045 – around 265 billion euros.

Too Expensive to Stop – Too Expensive to Replace
Nuclear France, due to a large number of convergent factors has higher and higher peak power demands at times of winter-time cold and high industrial and commercial power demand, but only slow-growing baseline or baseload power demand easily covered by France's “legacy nuclear” power plants. The economic rationale, in France for keeping the NPPs is bolstered by this growing peak-base gap, but the solution to covering the growing peaks will not be nuclear. The OIES report is too polite or too pro-France to explain this peak-trough problem can easily get worse as national baseload demand ceases to grow at all. Current energy and power-saving programs and laws, including obligatory shutting down of shop and office lighting at night, can even result in a decrease of baseload demand.
The reasons why baseload demand is likely to decline – not stagnate – include the impact of decades of underpriced nuclear electricity subsidized by “non-electric subisidies” to the nuclear-industrial complex stretching from nuclear weapons to reactor building and uranium mining, and including fuel fabrication and reprocessing, as well as nuclear waste disposal. For as long as these subsidies, estimated by the Cour des Comptes as an accumulated total near 250 billion euros since France's nuclear system, in 1956 was declared “majority civil”, continued to be paid out by central government, the nuclear party could continue. Underpriced electricity and therefore fast-growing power demand was an essential prop for the French national “all nuclear” rationale.

From 2013 under the Hollande administration, however, electricity prices in France are set by government to grow at 10% a year for at least the next 3 years. The same government caps public sector pay growth to 1% a year.

The impact of this on power demand can only be downward, the only question is how much. Having had a record-mild winter in 2013-1014 “obviously due to global warming”, power demand peaks in winter were low, preventing the logical result of large-area blackouts and brownouts. The problem is therefore kicked down the road – but the green NGOs and political parties have kicked a major dent in the couched potato article of faith, especially well brainwashed into French minds, that nuclear power is clean, cheap and safe and therefore “the only solution”.

We can leave the last word to Ihor Prokopchuk, Ukraine's ambassador to the UN IAEA who was quoted, 6 March, saying this to the NTI (Nuclear Threat Initiative):  "Potential consequences of a military invasion would be a threat of radiation contamination on the territory of Ukraine and the territory of neighboring states".  He added: "In addition, a significant amount of spent nuclear fuel, which is stored on the territory of the nuclear power plants, would pose potential very high risks." Problems, problems!

By Andrew McKillop

Contact: xtran9@gmail.com

Former chief policy analyst, Division A Policy, DG XVII Energy, European Commission. Andrew McKillop Biographic Highlights

Co-author 'The Doomsday Machine', Palgrave Macmillan USA, 2012

Andrew McKillop has more than 30 years experience in the energy, economic and finance domains. Trained at London UK’s University College, he has had specially long experience of energy policy, project administration and the development and financing of alternate energy. This included his role of in-house Expert on Policy and Programming at the DG XVII-Energy of the European Commission, Director of Information of the OAPEC technology transfer subsidiary, AREC and researcher for UN agencies including the ILO.

© 2014 Copyright Andrew McKillop - All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisor.

Andrew McKillop Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in