Friday, March 16, 2012

Staggering Data Coming Out of Japan -- With Regard to Oil

All but two of Japan’s 54 atomic reactors remain idle
Japan returns to the fuel of the past



Back to the Future

Updates

March 26, 2012: Next-to-last reactor taken off-line for maintenance. Now only one of 54 reactors still on-line in Japan. 

Original Post

Link here to FT.com.
The influence of demand is particularly important in some niches of the oil market, such as medium-heavy sweet crude. Japanese utilities are buying that variety of crude and burning it directly, without first refining it, at oil-fired power plants to fill the gap left by the loss of nuclear power. All but two of Japan’s 54 atomic reactors remain idle, reducing nuclear electricity generation by roughly 90 per cent. 
I don't know about you, but when a country like Japan shuts down 52 of 54 nuclear reactors -- that gets my attention.

Ninety (90) percent of their nuclear electricity is gone. Gone. 

One can stay with the president and algae, or one can go with the flat-earthers and Harold Hamm.

Algae will have its day, but not in my investing lifetime.

I am proud to be a presidential flat-earther, a PFE. What a great country. Good luck to all.

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Oh, I forgot. Japan moving back to coal and oil, the fuel of the past. A great time to take another look at the Kyoto Protocol.
The Protocol was initially adopted on 11 December 1997 in Kyoto, Japan, and entered into force on 16 February 2005. As of September 2011, 191 states have signed and ratified the protocol.The only remaining signatory not to have ratified the protocol is the United States. Other United Nations member states which did not ratify the protocol are Afghanistan, Andorra and South Sudan. In December 2011, Canada denounced the Protocol.
Irony. My hunch is that Japan will not denounce the Kyoto Protocol. It will simply be ignored.

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