Word: reactors
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...unilateral sanctions with which the U.S. wants to supplement U.N. efforts - Russia has yet to offer any clear support for new sanctions. And even while Secretary Clinton was in Moscow last week, the Russian government affirmed that it intends to fulfill its contract to bring Iran's Bushehr nuclear reactor online in June despite U.S. objections. (See pictures of Iran's presidential elections and their turbulent aftermath...
...With Iran having refused to accept the terms of an international offer to exchange most of its enriched-uranium stockpile for reactor fuel, the Obama Administration had hoped to up the ante with new U.N. sanctions by February. But diplomats say June is more likely the earliest point at which the Security Council could be persuaded to act. And even in the best-case scenario, new U.N. sanctions are unlikely to carry the "bite" promised by Clinton - measures that would inflict sufficient pain on Iran to change the calculations of its regime. (See pictures of terror in Tehran...
...Administration may have decided that engagement was tried, and failed, when Iran refused the terms of the reactor-fuel deal, but others - like the Chinese - believe the negotiations route has a long way to go. The current deadlock suggests that Iran is unlikely to accept the terms currently on offer by the West for resolving the dispute, but that doesn't necessarily preclude any deal - Iran has floated a number of counter offers for exchanging smaller amounts of uranium or storing it on Iranian soil, but none of these has so far been acceptable to the U.S. and its allies...
...world's nuclear standoff with Iran is ratcheting ever upward. On Feb. 8, Iranian President Mahmoud Ahmadinejad (no diplomat he) matter-of-factly announced that Iran would soon begin enriching uranium for use in a "medical reactor." That means China will have to answer the central question that confronts it, which was embedded within Yang's diplo-speak: What actually is China's long-term interest in Iran? (See the top 10 Ahmadinejad-isms...
...Meanwhile, nuclear costs keep spiraling out of control. Last year, the estimates for several reactors doubled, and for one Pennsylvania reactor more than tripled. This is why credit-rating agencies keep downgrading utilities with nuclear ambitions, which increases their borrowing costs and makes their projects even more expensive. Even with the federal guarantees, the new reactors at Vogtle are expected to boost local electricity bills by 9% - and like most nuke-friendly states, Georgia has enacted a law ensuring that ratepayers won't get their money back if the utility fails to complete the plant...