This report from Bloomberg notes that two key features of President Barack Obama’s proposed new energy policy have been rather badly jinxed: First, increased offshore oil drilling, and now, the ongoing struggle to regain control of Japanese nuclear reactors in the wake of last week’s quake and tsunami.
As of a few minutes ago, that struggle was not going well.
Close to 30 years ago, back when the late Tom Glenn was port director, the Port of Bellingham was in preliminary talks to build a coal export terminal at Cherry Point, in cooperation with Burlington Northern and Mitsui Corp. In those days, the potential market was Japan. (Those talks ultimately went nowhere.)
Even if the threat of serious radiation bursts from the Japanese reactors can be contained, it appears that at least some of these reactors will never generate power again. One wonders if Japan would, or could, make up its power deficit with coal imports. Coal is a local issue once again, as you probably recall.