Gov't submits bill to insure tankers with Iran oil

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  • -1

    WilliB

    The longer Japan keeps its nuclear plants shut the more it needs Iranian oil. Irans nuclear ambitions, in turn, don´t bother the Japanese antinuclear zealots.

  • 1

    zichi

    WilliB

    Japan imports almost no Iranian oil, about 10%, oil is a major part of the primary energy imports it's only used to boost peak power demand.

    http://www.fepc.or.jp/english/library/graphical_flip-chart/__icsFiles/afieldfile/2012/04/02/all_english.pdf

  • -3

    tian4670

    Er, I thought Japan would not deal with any countries declared by Uncle Sam as evil. In fact, at least when black gold is concerned, flexibility must be maintained....Moral high ground? Forget about it....Sleep with enemy? Who cares....

  • -1

    Laguna

    If the Iranian situation does not spiral out of control - if it can be contained and solved - few will notice. If not, Japan will bear heavy criticism. This is a big risk they are taking, and a foolish one, I think. It is another case of Japan shirking what could be a bold statement of international cooperation to save a bit of money. As they say, 安物買いは銭失い。

  • 1

    zichi

    Because of last years disasters, America excused Japan from the oil embargo. It's not a case of Japan taking its own actions, which in case, it has been reducing the amount of Iranian imported oil to less than 10%.

  • -1

    Bartholomew Harte

    Sounds like a "Sucker Bet" to me but it's still a free country!

  • -3

    basroil

    I have to say I wrote that this would happen a week ago. Nothing unexpected, since Japan cannot meet it's fuel demands without importing much more oil than it ever did, since the replacement energy for nuclear is currently the oil fired plants that made up half the peak time production.

  • 0

    lostrune2

    Good luck insuring those ships, now that Europe, which insures most of those ships, are no longer doing it.

  • 0

    sf2k

    Iran oil declined 12% earlier this year, other countries are facing their own declines. What is Japan's exit strategy to get off oil?

  • 1

    zichi

    Oil is 46% of Japan's primary energy.

  • 0

    sf2k

    Oil is 46% of Japan's primary energy.

    Yikes. Where does the often quoted 90% figure come from then? Is that one overall imports of energy, of which 46% is oil?

    Regardless of the nuclear stance, I don't get why Japan isn't jumping head over heals on renewables while the lights are still on. It's not going to be a single source that will help build resilience, safety, and opportunity.

    No wonder the oyaji's are stopping change, they'll can only think of being replaced, instead of being useful? Or is that an unfair view?

  • 0

    sf2k

    Replacing kerosene heetaa's would be a big step, but Japan isn't even there yet. The conversation isn't even started and Iran is dropping exports. What's it going to do?

    Replacing all that heating would suddenly require a lot of electric load in neighbourhoods, new transformer stations and such. I don't see it working out so well cost wise. A local renewable plan on the last 4km of usage from the power station to the home may be far more beneficial to the inevitable cost changes.

    That conversation has to get started soon!

  • 1

    zichi

    sf2k,

    Primary energy is the raw fuel like crude, coal, gas which in the case of Japan is almost entirely imported. The biggest slice of the primary energy cake is oil, about 46%. Some of the oil, low sulphur type is used for some power generator, but most will end up in cars and trucks.

    This is a useful chart site for checking figures and seeing how stuff works.

    http://www.fepc.or.jp/english/library/graphical_flip-chart/__icsFiles/afieldfile/2012/04/02/all_english.pdf

  • 0

    sf2k

    Thanks!

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