Explosion at Japanese Nuke Plant

Due to the earthquake - this can't be good.

In a nation synonymous with the apocalyptic scenes in Hiroshima and Nagasaki the radioactive crisis at Japan's Fukushima nuclear plant could become a defining moment for the nuclear industry.

The explosion and radioactive leak at Fukushima 1 Nuclear Power Plant, which followed Friday's earthquake and tsunami, threatens to become the world's worst atomic disaster since the Chernobyl disaster of 1986.

Everyone should take a deep breath (with appropriate MOPP gear as needed) and give this story time to develop. Don't believe either end of the nuclear debate.

Remember the warning of gloom after oil rig crisis a few months ago?

Watch, but watch with caution. Regardless of what happens though, I will tell you this - Japan will remain a heavy user of nuclear power. The reason? They don't have a choice.

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UPDATE: Like Sid said, there is some very good nuke discussion going on over at Joel's place. Check it out.