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Commodities Briefing - Categorized | Energy, Oil, Price Watch more

Fuel prices expected to jump

Posted on 14 March 2011

From WSJ: Japan will have to import more oil, fuel and natural gas for electricity generation to make up for the shortfall caused by the shutdown of nuclear power plants after the earthquake. This will put upward pressure on global prices in markets already concerned about the availability of energy supplies amid widespread unrest in the Middle East.
Roughly a quarter of Japan’s electricity comes from nuclear generation, according to the EIA. About two-thirds is powered by conventional sources such as gas, petroleum and coal……………………………………….Full Article: Source


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