Japan's energy crisis
Darkness falls on Tokyo
Jul 17th 2003 | FUKUSHIMA, ROKKASHO AND TOKYO
>From The Economist print edition
Japan's electricity industry is in turmoil. This may have a big impact on the world's energy markets
"With few natural resources of its own and one of the lowest energy self-sufficiency ratios among industrialised countries, Japan is already the second-biggest importer of oil and the biggest importer of natural gas. To illustrate the scale of what is involved, Kazuhiro Sakuma, an analyst at Daiwa Securities SMBC, reckons that, if Japan closed its 53 nuclear reactors and switched entirely to oil (in practice, it would probably switch also to coal and gas), oil imports would rise by 30%." http://www.economist.com/business/displayStory.cfm?story_id=1928646
Ulhas