[SEL] OT: Update on Japan Situation from NEI and Tepco

[Arnie Fero]

Very well said sir!

On Sun, March 13, 2011 3:49 pm, Rob Skinner wrote:
> Certainly, Arnie, you can't expect us to read on that on a sunny Sunday afternoon.
>
> But let me ask you this. It wasn't quite a year ago, back in April 2010, when there
> was something going on with a thing they called "Deepwater Horizon." Remember it?
>
> As I recall, there were arm-wavers running around wailing at the tops of their
> lungs. It was going to turn the entire Gulf of Mexico into a barren sludge pit.
> Projections indicated there was enough oil to keep spewing for 125 years. The oil
> could coat the surface of the oceans across the globe, bringing on the extinction of
> mankind.
>
> Here we are, almost a year later, and the mention of Deepwater Horizon elicits a
> bored yawn, at best. The biggest repercussion of the disaster has been the Obama
> administration effectively canceling offshore drilling, forcing us to buy even more
> crude from our adversaries.
>
> I'm going to go out on a limb and assume that there are experts working on the
> problem. If that's the case, the problem will eventually be solved. If it isn't,
> they'll just get some new experts who are better. That's the way things are done
> worldwide.
>
> On Deepwater Horizon, how many people were killed? Wasn't it eleven? How many people
> have been killed as a result of the failure of the Japanese nuclear power plants?
> Zero? Using that data and a quick session with the slide rule, we find that the
> Japanese nuclear plant failures are infinitely less significant than Deepwater
> Horizon.
>
> Here's a little bonus tip for you. Right after the Deepwater Horizon incident, BP
> stock took a nose dive. There were some sweet buying opportunities during that time
> period, and the price of BP has recovered to where it was one year before the
> incident. The Tokyo Stock Exchange plans to open as normal tomorrow, and surely
> you'll see TEPCO tank. Watch it over the next few weeks. There will be some buying
> opportunities, but the window will be small. Soon the hysteria will wane when it
> becomes evident that commercial nuke plants don't go up in a brilliant flash, a la
> Nagasaki.
>
>
>
>
> --
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>