If the Japanese decide to build conventional power plants to replace their nuclear ones how much more oil?
will Japan be using? and will the oil speculators and wall street rip Americans a new azz hole for more $$$$$ on it?
you know supply and demand $$$$$$
Japan has mostly if not all nuclear power bet your news media did not explain that too you..
Max here in Florida we burn OIL in all the plants I can see the tanks and no coal rolls in HERE
a third explosion at the Japanese nuclear plant,,,so much for battery power
a third explosion at the Japanese nuclear plant,,,so much for battery power
Conventional plants would use coal, not oil.
Oil is just much more expensive than coal.
35% of Japan’s electricity is nuclear power, that isn’t quite “most if not all”.
http://en.wikipedia.org/wiki/Nuclear_power_in_Japan
I don’t know about Florida, but less than 1% of the US electricity generation comes from petroleum.
http://en.wikipedia.org/wiki/Electricity_generation
Gheit Says Oil Stocks to Remain Discounted to S&P 500
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