• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 1 day "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 8 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 day "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 16 hours Uniper is over - Germany (Government) buys the Company
  • 1 day "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 14 hours "How BlackRock Conquered the World" by James Corbett (all 3 parts)
  • 2 days "Oil prices likely not responsible for inflation and other energy insights by hedge fund manager Josh Young" - Kitco News interview by David Lin
  • 2 days The Federal Reserve and Money...Aspects which are not widely known
  • 8 days "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 12 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 14 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
Editorial Dept

Editorial Dept

More Info

East Asia Energy Advisory

Japan’s nuclear dilemma and Asia’s LNG hunger.

Japan

The pro-nuclear camp has won the critical 9 February Tokyo gubernatorial elections, and while this is not a straight-out victory for the pro-nuclear forces, it was a decisive election that, had it gone the other way, would have certainly been a defeat for Japanese nuclear energy. Former health and welfare minister Yoichi Masuzoe won the elections, backed by pro-nuclear Prime Minister Shinzo Abe as well as the Japan Trade Union Confederation, of which Tokyo Electric Power Company (TEPCO) is a member.

The issue of whether to scrap nuclear energy entirely in the wake of the Fukushima disaster had threatened to take precedence over other critical socio-economic issues, such as health care, and the 2020 Olympic Games. Masuzoe was the only “pro-nuclear” candidate running in the election—against a powerful “zero-nuclear” force that included gubernatorial candidate Morihiro Hosowaka, a former prime minister himself, backed by former prime minister Junichiro Koizumi.

While Hosokawa and another candidate, Kenji Utsunomiya, called for a permanent moratorium on nuclear power generation, Masuzoe lent his support to a gradual decrease of reliance on nuclear power to eventually be replaced by renewable energy. Together, Hosokawa and Utsunomiya won about 40% of the vote.

This gubernatorial election was critical because Tokyo consumes about 10% of Japan’s electricity,…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News