Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The World’s Third-Largest Economy (Japan) Is Facing A Looming Energy Crisis
OilPrice.com ^ | Jul 05, 2022 | Charles Kennedy

Posted on 07/05/2022 8:51:19 AM PDT by BeauBo

Japan is facing an energy crisis that can severely hurt the world's third-largest economy as it is forced to tackle a combination of a weak local currency, the fallout from the Ukraine war, and a heatwave.

Japan already had a significant energy import bill as it depends on foreign oil and gas for 90 percent of its needs. But as the yen fell to the lowest in 20 years, Japan's bill became even bigger, with the price rise in crude oil, which has been some 40 percent in dollar terms since the start of 2022, reaching a whopping 70 percent in yen terms...

Because of its extreme dependence on imported energy, Japan has had to continue importing Russian oil and gas despite its verbal commitment to sanctions against Moscow...

It could be because of its heavy energy import bill that Japan proposed to the G7 to cap Russian oil export prices at half the current rate.

(Excerpt) Read more at oilprice.com ...


TOPICS: Business/Economy; Foreign Affairs; Japan; News/Current Events
KEYWORDS: 200bucksabarrel; anwr; bidenflation; charleskennedy; childishpricecap; energyschadenfreude; globalwarming; haha; itistolaugh; japan; keinolfursie; keystonexl; manbearpig; moredumbfromyellen; nopricecap; nuclear; oil; opec
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-74 last
To: rlmorel

>>We should be full bore exploring Thorium Reactors, Pebble Bed reactors, modular and scalable reactors using 21st century technology.<<

Aw,shit. Wind and sun provide the answers. /s


61 posted on 07/05/2022 12:44:50 PM PDT by 353FMG
[ Post Reply | Private Reply | To 24 | View Replies]

To: rlmorel

We have Fusion, but it remains safely ~93,000,000 mi. away [8.3 light minutes << 10 years].


62 posted on 07/05/2022 1:13:15 PM PDT by Paladin2
[ Post Reply | Private Reply | To 56 | View Replies]

To: chajin

“I am sure the earthquake-protection technology can be found, if it isn’t already available.”

The earthquake in 2011 was the fourth most severe ever recorded in the world (magnitude 9.0–9.1), and the largest ever recorded in Japan. The whole planet jumped eight inches off of its axis.

The earthquake protection functioned correctly at nuclear power plants all over Japan. Flooding by the tsunami is what led to failure at Fukushima. The backup diesel generators were flooded, and they lost power to the cooling pumps.


63 posted on 07/05/2022 1:23:43 PM PDT by BeauBo
[ Post Reply | Private Reply | To 54 | View Replies]

To: BeauBo

Japan really needs to operate nuclear power plants. There are newer and better designs than the one at Fukushima.


64 posted on 07/05/2022 1:25:47 PM PDT by FLT-bird
[ Post Reply | Private Reply | To 1 | View Replies]

To: 353FMG

“Don’t the Land of the Rising Sun believe in solar panels for their energy supply?”

They actually do a good bit of that, and manufacture their own. Even after a big push for thirty years though, their installed capacity is about 7% of electric demand (one of the highest percentages in the world).


65 posted on 07/05/2022 1:28:38 PM PDT by BeauBo
[ Post Reply | Private Reply | To 59 | View Replies]

To: Paladin2

LOL, well, I guess no earthquakes or tsunamis can reach it, so it is pretty safe then!


66 posted on 07/05/2022 2:06:22 PM PDT by rlmorel (Nolnah's Razor: Never attribute to incompetence that which is adequately explained by malice.)
[ Post Reply | Private Reply | To 62 | View Replies]

To: BeauBo

Out of the 33 nuclear reactors in Japan 10 are operating ( 2 here where I live in Kyushu ) , 7 have been approved to be restarted , and 8 have applied for restart .


67 posted on 07/05/2022 3:16:46 PM PDT by sushiman
[ Post Reply | Private Reply | To 51 | View Replies]

To: BeauBo

150 coal power stations in Japan . Yes we have solar , as well as hydroelectric , oil , gas , geothermal , and wind .


68 posted on 07/05/2022 3:24:27 PM PDT by sushiman
[ Post Reply | Private Reply | To 65 | View Replies]

To: BeauBo

Japan also has one of the worst inverted demographic pyramids among Western nations. The fact they are shrinking will help trim that oil demand in the long term.


69 posted on 07/05/2022 3:40:17 PM PDT by Sam Gamgee
[ Post Reply | Private Reply | To 1 | View Replies]

To: sushiman

“Out of the 33 nuclear reactors in Japan 10 are operating... 7 have been approved to be restarted , and 8 have applied for restart.”

That is a a very significant Program, restoring most of the former capacity.

Only hydropower can compete with a good nuclear plant, for either cost per megawatt or reliability.


70 posted on 07/05/2022 7:31:11 PM PDT by BeauBo
[ Post Reply | Private Reply | To 67 | View Replies]

To: sushiman

“150 coal power stations in Japan”

Japan does have some exploitable coal deposits, but is not particularly blessed in that regard either.

It could really benefit from some new technology to extract deep sea hydrocarbon deposits, or even to harness tidal/ocean current energy.

In the absence of that, nuclear seems their most elegant option, solving the most of their challenges best.


71 posted on 07/05/2022 7:35:29 PM PDT by BeauBo
[ Post Reply | Private Reply | To 68 | View Replies]

To: sushiman

“150 coal power stations in Japan”

Japan does have some exploitable coal deposits, but is not particularly blessed in that regard either.

It could really benefit from some new technology to extract deep sea hydrocarbon deposits, or even to harness tidal/ocean current energy.

In the absence of that, nuclear seems their most elegant option, solving the most of their challenges best.


72 posted on 07/05/2022 7:35:37 PM PDT by BeauBo
[ Post Reply | Private Reply | To 68 | View Replies]

To: BeauBo

Perhaps they should become less industrious and just glide into a recession like we do. Will they bomb Pearl Harbor again to get their industry going or will they show up in El Paso border region?


73 posted on 07/06/2022 10:19:25 AM PDT by 353FMG
[ Post Reply | Private Reply | To 65 | View Replies]

To: BeauBo

They are pretty nuclear now for power as it is already


74 posted on 07/09/2022 3:54:08 PM PDT by Morpheus2009 (If you want me to be afraid, then be consistent in your logic, standards, and your lies!s)
[ Post Reply | Private Reply | To 72 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-74 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson