Saturday, July 16, 2011

U.S. & Russia Reaffirm Agreement to Dispose of No Less Than 68 Metric Tons of Weapons-Grade Plutonium!

17,000 nuclear weapons worth of plutonium! That is a whole lot of plutonium for the USA and Russia to eliminate. How does one dispose of plutonium when it has a half-life of 24,000 years? As Fukushima shows the world, it is probably not a good idea to have plutonium sitting around to radiate everyone.

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Release Date:
July 13, 2011

WASHINGTON, D.C. – The National Nuclear Security Administration (NNSA) today announced the formal entry into force of the amended Plutonium Management and Disposition Agreement (PMDA) after an exchange of diplomatic notes this afternoon by Secretary of State Hillary Clinton and Russian Foreign Minister Sergey Lavrov at the State Department. The United States and Russia reaffirmed their commitment to each dispose of no less than 34 metric tons each of their surplus weapon-grade plutonium by irradiating the plutonium as mixed oxide (MOX) fuel in nuclear power reactors. The material to be disposed under the Agreement is enough for 17,000 nuclear weapons.

Over the last year, the amended PMDA has been provisionally applied by the U.S. and Russian governments and has now been ratified by action of the Russian Duma and by Russian President Dmitri Medvedev’s approval on June 3, 2011. The two countries have today exchanged diplomatic notes bringing the agreement into full effect.

“This milestone marks important progress on U.S. and Russian commitments to eliminate nuclear weapons material,” said Laura Holgate, Senior Director, WMD Terrorism & Threat Reduction at National Security Council. “Such eliminations are the ultimate in improving nuclear security, as they permanently remove the threat of theft or misuse of nuclear material, at the same time reducing the burden of securing materials.”

“I am pleased that the United States and Russia are formally moving forward with their plutonium disposition partnership,” said Anne Harrington, NNSA’s Deputy Administrator for Defense Nuclear Nonproliferation. “As we work to implement the unprecedented nuclear security agenda outlined by Presidents Obama and Medvedev, NNSA looks forward to working with the Russian State Atomic Energy Corporation ‘Rosatom’ to implement the next phase of cooperation under this amended Agreement.”

First signed in September 2000, the PMDA was amended in April 2010, by a Protocol signed by Secretary of State Hillary Clinton and Russian Foreign Minister Sergey Lavrov on the margins of President Obama’s Nuclear Security Summit in Washington D.C. This Protocol codified a revised Russian plutonium disposition program based on using fast reactors for irradiating the plutonium and operating under strict nonproliferation conditions. According to the amended PMDA, the United States will provide up to $400 million to support plutonium disposition in Russia, subject to future appropriations, and Russia will fund the balance of its disposition program, estimated to be more than $3 billion. NNSA and its Russian counterpart, Rosatom, will also jointly seek international contributions for Russia’s program.

To implement U.S. plutonium disposition, NNSA is overseeing the construction of three major facilities at the Savannah River Site: the MOX Fuel Fabrication Facility; the Waste Solidification Building; and a pit disassembly and conversion capability. At the same time, Russia is making significant investments in its MOX fuel fabrication capabilities and construction of the BN-800 fast reactor (both currently scheduled to become operational in 2014). Under the amended PMDA, both countries will begin disposition in 2018.

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Established by Congress in 2000, NNSA is a semi-autonomous agency within the U.S. Department of Energy responsible for enhancing national security through the military application of nuclear science in the nation’s national security enterprise. NNSA maintains and enhances the safety, security, reliability, and performance of the U.S. nuclear weapons stockpile without nuclear testing; reduces the global danger from weapons of mass destruction; provides the U.S. Navy with safe and effective nuclear propulsion; and responds to nuclear and radiological emergencies in the U.S. and abroad.

Wednesday, July 13, 2011

Energy Department to Sell 30.6 Million Barrels Oil from US Emergency Stockpiles to 15 Private Companies

List of Fifteen (15) Companies Buying 30.6 Million Barrels of Crude Oil from USA Emergency Stockpiles

This is an interesting development that the government is selling its emergency stockpiles to private entities.

Traders and oil refiners are among the 15 companies that are buying roughly 30.6 million barrels of crude from the United States’ emergency stockpiles, the Energy Department announced today.


The following companies made offers to the Department of Energy's emergency supply of oil!
  • Barclays Bank is buying 200,000 barrels of oil for $21 million.
  • Conocophillips is buying 1.1 million barrels for $118.7 million.
  • Conocophillips is buying an additional 1 million barrels for $106.3 million.
  • ExxonMobil Oil Corporation is buying 1.51 million barrels for $163.6 million.
  • Hess Energy Trading Co. is buying 2 million barrels for $212.6 million.
  • JP Morgan Ventures Energy Corporation is buying 1.5 million barrels for $158 million.
  • Marathon Petroleum is buying 1 million barrels for $107.3 million.
  • Marathon Petroleum is buying an additional 1 million barrels for $105.8 million.
  • Murphy Oil USA is buying 500,000 barrels for $53.4 million.
  • Plains Marketing LP is buying 1.04 million barrels for $112.1 million.
  • Plains Marketing LP is also buying an additional 1.04 million barrels for $111.1 million.
  • Shell (USA) Trading Company is buying 500,000 barrels for $53.8 million.
  • Shell (USA) Trading Company is also buying 1 million barrels for $107.2 million.
  • Shell (USA) Trading Company is also buying 1 million barrels for $108.9 million.
  • Shell (USA) Trading Company is also buying 650,000 barrels for $69.6 million.
  • Sunoco Inc. (R & M) is buying 700,000 barrels for $74.7 million.
  • Sunoco Inc. (R & M) is also buying 700,000 barrels for $74.7 million.
  • Tesoro Refining and Marketing Company is buying 1.2 million barrels for $128.5 million.
  • Trafigura AG is buying 550,000 barrels for $59 million.
  • Trafigura AG is buying 550,000 barrels for $57.9 million.
  • Valero Marketing and Supply Company is buying 2.15 million barrels for $233.2 million.
  • Valero Marketing and Supply Company is also buying 1.95 million barrels for $210.9 million.
  • Valero Marketing and Supply Company is also buying 2 million barrels for $214.1 million.
  • Valero Marketing and Supply Company is also buying 400,000 barrels for $42.4 million.
  • Valero Marketing and Supply Company is also buying 400,000 barrels for $42.4 million.
  • Vitoil Inc., is buying 3 million barrels for $324.2 million.
  • Vitoil Inc., is buying 1 million barrels for $108.1 million.
  • bp oil suppl is buying 500,000 barrels for $52.5 million.