Nobuo Tanaka's hair is on fire. The immediate past executive director of the International Energy Agency is on a mission attempting to alert officials in the United States, Japan, Europe, China and elsewhere that post-Fukushima Japan may be approaching an energy death spiral.
Tanaka's argument is mathematical at its core. He argues that if Japan does not find a way to 'turn on' its now shuttered nuclear energy reactors, not only will Japan's already sluggish economic condition be crushed with much larger oil and gas imports from Russia, Southeast Asia and the Middle East -- but because of the costs and risk uncertainty -- Japan's powerful manufacturing base may begin pulling out of the world's third largest economy. (huffingtonpost.com)
↧