• 5 minutes Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 11 minutes Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 15 minutes WTI @ 67.50, charts show $62.50 next
  • 14 hours The EU Loses The Principles On Which It Was Built
  • 6 hours Starvation, horror in Venezuela
  • 9 hours Why hydrogen economics does not work
  • 7 hours Again Google: Brazil May Probe Google Over Its Cell Phone System
  • 6 hours Tesla Faces 3 Lawsuits Over “Funding Secured” Tweet
  • 2 hours Mike Shellman's musings on "Cartoon of the Week"
  • 19 hours WSJ *still* refuses to acknowledge U.S. Shale Oil industry's horrible economics and debts
  • 1 day Chinese EV Startup Nio Files for $1.8 billion IPO
  • 7 hours Saudi Fund Wants to Take Tesla Private?
  • 23 hours Crude Price going to $62.50
  • 2 hours California Solar Mandate Based on False Facts
  • 2 hours Oil prices---Tug of War: Sanctions vs. Trade War
  • 18 hours Saudi Arabia Cuts Diplomatic Ties with Canada
Dave Forest

Dave Forest

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

More Info

Trending Discussions

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




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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