• 4 minutes Ten Years of Plunging Solar Prices
  • 7 minutes Hydrogen Capable Natural Gas Turbines
  • 10 minutes World looks on in horror as Trump flails over pandemic despite claims US leads way
  • 13 minutes Large gas belt discovered in China
  • 12 hours Norway horrified as new rates make EV charging prices higher than petrol
  • 4 hours 60 mph electric mopeds
  • 2 hours US-China tech competition accelerates: on Friday 05/15 new sanctions on Huawei, on Monday 05/18 Samsung chief visits China
  • 1 hour COVID 19 May Be Less Deadly Than Flu Study Finds
  • 4 hours China to Impose Dictatorship on Hong Kong
  • 3 hours Iran's first oil tanker has arrived near Venezuela
  • 9 hours Why 2030-Isn.t-The-Magic-Year-For-Electric-Vehicles
  • 44 mins Payback Time: Republican Senators turn the tables on Democrats. The difference is the Republican investigations are legit.
  • 11 hours Monetary and Fiscal Policies in Times of Large Debt:
  • 12 hours DEFIANCE – There are More of Us Than Them
  • 11 hours Ventura County to Replace Natural Gas Generation with Battery Storage
  • 13 hours Trumpe will win next election, hands down.
  • 17 hours Let’s Try This....
Another OPEC Producer Looks To Back The Aramco IPO

Another OPEC Producer Looks To Back The Aramco IPO

As the world’s largest initial…

The Worst Oil Trades Ever Made

The Worst Oil Trades Ever Made

Wall Street is full of…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

Another Nuclear Setback

Japan's beleaguered nuclear sector has yet to re-start any reactors damaged by the Tohoku earthquake.

And the country just lost its one remaining operating nuclear plant.

The Oi power plant in western Japan shut down for maintenance last month. Meaning that Japan will be completely without nuclear power during October. The first time this has happened since the 1970s.

Oi is likely to remain offline until at least the end of year. Likely meaning some shifts ahead for global energy demand.

The nuclear outage could give a boost to LNG imports into Japan. Although energy experts Bentek recently said they believe Japanese gas-fired power generation is running at more or less maximum capacity already.

Bentek predicted that Japan's nuclear gap will probably be filled by another fuel: coal.

Indeed, data show that Japan's coal consumption hit a two-year high in August. At nearly 5.7 million tonnes.

If Japanese demand stays brisk, this could be the push the thermal coal market needs to break out of its funk. Interestingly, an increasing number of stories have emerged lately on the phenomenal growth in Indian coal imports. Buyers and investors alike seem to awakening to the fact that supply may be a lot tighter than current prices suggest.

Any firming in prices would likely trigger a rise in beat-up mining stocks. Watch for the beginnings of a rally over the next few months.

Here's to going cold turkey,

By. Dave Forest


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News