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Peter Schiff Video Blog - March 15, 2011 (Japan's Broken Window)



March 16, 2011 – Comments (1) | RELATED TICKERS: JSC , JPP , EWJ

1 Comments – Post Your Own

#1) On March 17, 2011 at 5:28 PM, RRobertsmith (< 20) wrote:

That Schiff guy, gotta love him.  As a card carrying pro nuke I was wondering what he would say about the power plants..

6:41   less nukes therefore more oil   (wrong)

 (I wish... I am longg the oil sector now!)  not really most electric utiltiies use either COAL or Nat. Gas..  correct me if I'm wrong no net effect on oil prices ...maybe a spike in LNG imported to Japan.

Japan uses more oil than the United States in electricity generation, but “the country's aging oil-fired power plants are used primarily as extra capacity to meet peak demand, and less than 10% of electricity produced currently is oil-generated,” according to a EIA report (pdf) dated September 2010. If nuclear power is to be reduced in the future, the main beneficiary will be Natural Gas.

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