Dust off your crystal ball for the next adventure in rising fuel prices. Japan is the 3ad largest importer of oil in the world. With the earthquake this picture has changed to maybe an overstock situation driving the price downward.
Any WAG ?
Dust off your crystal ball for the next adventure in rising fuel prices. Japan is the 3ad largest importer of oil in the world. With the earthquake this picture has changed to maybe an overstock situation driving the price downward.
Any WAG ?
Short term, probably true. Longer term, thirty percent of their national power source, nuclear, is damaged and off line.....could swing hard the other way.
Japan will recover, and more important, they will begin to rebuild almost immediately. This will show huge inflow in commodities and capitol. I think this will help Japan in the long run out over their economic malaise.
Gary & Lise Deinhard, 2003 Elegant Lady Liberty, Dbl slide