Who is the Boss of TEPCO, and where is he during this nuclear crisis?

Masataka Shimizu, chief executive of Tokyo Electric Power Company (TEPCO), hasn’t been seen in a week.

He’s in charge of the company dealing with one of the world’s worst nuclear disasters, Fukushima Daiichi.  Many Japanese want to know where he is.

Even the BP (British Petroluem) CEO held press conferences during the Gulf of Mexico oil […] Continue Reading…

Vandenburg AFB sending Boric Acid to Japan

USAF C-17 transport from Vandenburg Air Force Base, in California, has left for Japan loaded with 17 tons of boric acid.

The boric acid is from the stock pile at the Diablo Canyon nuclear power plant in California.  It’s to be used on the reactors at the Fukushima Daiichi nuclear plant.

 

 

Japanese government gives confusing warning over tap water

People living in parts of Fukushima Prefecture have been told not to drink tap water.  Japanese officials say the radiation levels in the water are now higher that government safety limits.

The confusion comes from Japanese officials also saying that there is no immediate health risk from drinking the water.

Get ready for Oil prices to Jump, Economist say it could destroy Economy

Already, oil trading in Europe has seen oil prices jump $2.00 per barrel since Friday.

It is due to the attacks on Libya.

In a CNNMoney survey  16 out 23 leading economists say rising oil prices are the number one threat to any economic recovery.

Interestingly The Federal Reserve showed little concern over rising oil/fuel prices during […] Continue Reading…

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