Sony's made from Sunshine?
So there is the earthquake in Japan. Japan is huge importer of oil. Huge importer of everything in fact. And the nuclear thing seemed not so so bad, but since yesterday it's been looking pretty bad. This much you know already.
So... Obviously Japan is going to have to switch from nuke power to alternatives for some time to come. In the short term there are diesel generators to power an apartment building or a factory. Eventually they are going to have to get those old fashioned power stations up and running. Maybe coal or home heating oil. Eventually they can redo their Candu, or go Solar like mad. But unless they want to shut down their entire economy (Sony, Honda, Panasonic, SushiQ) right now they are going to need oil.
So riddle me this. Why did oil fall today? Makes absolutely no sense.
So... Obviously Japan is going to have to switch from nuke power to alternatives for some time to come. In the short term there are diesel generators to power an apartment building or a factory. Eventually they are going to have to get those old fashioned power stations up and running. Maybe coal or home heating oil. Eventually they can redo their Candu, or go Solar like mad. But unless they want to shut down their entire economy (Sony, Honda, Panasonic, SushiQ) right now they are going to need oil.
So riddle me this. Why did oil fall today? Makes absolutely no sense.