Saturday, 20 August 2016

Illegal price support

Cartels are illegal – but we have one in energy. Nuclear power is buying oil, to keep the price up. And it sails across the ocean and sells it at a loss.
Its end game is to get new nuclear power plants. It won't. After fukishima every private nuclear plants needs insurance of 100 billion. No commercial insurance is available above 1 billion.
After privatisation every nuclear pacility had insurance cover of 50 million. I ppointed this out, and we now have a new Office of Nuclear Power licensing. As the power station regulator was looking at ten years in jail for every plant, per year of illegla operation.
Every nuclear facility is operating iullegally – just call ti the Blair bequest. Totally illegal massively toxic nuclear power. We are due another nuclear disaster: Windscale has been left in the shadow of 3 Mile Island, Chernobyl and Fukishima. When Sizewell B goe soff, the whole of Surrey will be unihabitable for 100,000 years. Maybe the whole of the UK.

This is the most toxic power syand oil price support is classic cartel behaviour – and totally illegal.

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