NEW ENERGY LOOKS BETTER ALL THE TIME

Japan's nuclear disaster boosts renewables
March 21, 2011 (UPI)

"With perceptions of nuclear power souring amid the unfolding Japanese disaster, analysts expect subsequent gains for natural gas and renewables.

"…[Japan’s is] the worst nuclear disaster since the 1986 meltdown at the Chernobyl nuclear power plant…[A]n alternative energy analyst…[said] the Fukushima disaster could change nuclear energy policies across the globe."

(from the Financial Times - click to enlarge)

Robert Clover, analyst, HSBC:] "…[W]e expect that nuclear's loss could be natural gas, energy efficiency and renewable's gain…"

"Japan's nuclear reactors were taken offline after the quake, leaving the country with a 20 percent energy deficit. Japan is buying additional oil and natural gas to make up for the shortfall."

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"Global energy markets were able to make up for the shortfall after an earthquake struck Japan in 2007. The crisis in Libya, however, left oil producers scrambling to make up for the millions of barrels [needed this time]…

"Energy prices in part because of the dual crises are at highs not seen since the global financial meltdown in 2008."