Skip to comments.Fukushima nuclear crisis pushing up prices of liquefied natural gas
Posted on 06/23/2011 10:11:54 AM PDT by TigerLikesRooster
Fukushima nuclear crisis pushing up prices of liquefied natural gas
The crisis at the Fukushima No. 1 nuclear power plant has created a domino effect that is fueling price rises for liquefied natural gas (LNG) and causing friction between importers and exporters.
The rapid economic growth of China and India had already been pushing up LNG prices on the international market. But moves in Europe away from nuclear power in light of the Fukushima disaster are lifting the prices even higher.
The short-term trading price of LNG imported by Japan has more than tripled over the past two years. The LNG price generally falls after the peak demand in winter. But since September, the price has continued to climb--and soared by about 20 percent since the March 11 earthquake and tsunami crippled the Fukushima nuclear plant.
(Excerpt) Read more at asahi.com ...
Screw the environuts.. Let ‘em pull rickshaws and stamp a Big G on their forehead.
As the world pulls plug on atomic energy, LNG, OIL, AND COAL will increase in price.
It’s not really about running out of energy, it’s about demand > supply globally.