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Malcolm Grimston

Malcolm Grimston

Researcher

Aug 14, 2026

2:10
Is, is that what they're doing?
2:12
We should remember, if we go back six years, the futures price of oil was negative, that during COVID, uh, nobody wanted oil.
2:19
There were ships full of oil floating around the world unable to find a port.
2:23
And in those times, the, uh, uh, the oil industries were making multi-billion pound losses.
2:27
You know, there are long-term, uh, uh, cycles here.
2:31
Broadly speaking, you get a period where there hasn't been much investment, uh, prices end up very high.
2:36
That sends a signal to invest.

16 MINS LATER

18:34
What happens then to the oil price?
18:28
Just because the power station's robust, there could be other ancillary infrastructure that isn't so.
18:33
Yes.
18:34
And it's also worth remembering, though, that during the, um, uh, earthquake and tsunami in 2010, it was only the oldest plant, Fukushima 1, that wasn't able to withstand the tsunami.
18:45
All of the other nuclear plants up and down the coast, which were subject to the tsunami, were able to, to come through without any significant damage, and certainly no release of radioactivity.
18:56
So I think using a, a 1970s plant which met the most unbelievable conditions, that it was able to withstand an earthquake actually rather larger than the design it was meant for.
19:09
Of course, one should never be complacent.
19:12
But it doesn't l- look to me that a...
19:42
Is that really what's behind this kind of thing?
6:18
And what was that radioactivity? What was the material that got both ejected as part of that plume and also distributed into the immediate area?
6:26
area?The immediate area was largely the solid components of the fuel.
6:31
So this would be the graphite, which is an essential part of the reactor.
6:35
A lot of that was blown out.
6:36
Now, in its time in the reactor, that gets very radioactive.
6:39
And the fuel itself, so a dust and indeed chunks of the fuel, that was a fairly normal uranium fuel.
6:47
But having been in the reactor for a couple of years, as it had at that point, the nuclear fission process that produces the energy in nuclear power splits the atom, the uranium atom up into two smaller atoms, and those two smaller atoms tend to be extremely radioactive.
9:16
What have we learned in the aftermath, in the intervening 40 years? What have we learned both in terms of how the environment reacts and also how we should react, and also making sure this doesn't happen again?

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