LOS ANGELES (MarketWatch) — Japanese utilities are planning to increase fees for peak-hour electricity usage in an effort to head off possible power shortages this summer following the closure of the nation’s nuclear power plants, the Nikkei business daily reported Tuesday. Under plans beginning for Tokyo Electric Power Co. (JP:9501)(US:TKECF) on June 1 and for Kansai Electric Power Co. (JP:9503) on July 1, rates during the peak hours of 1 p.m. to 4 p.m. [...]
Critics attacked by White House for making connection proven accurate
Paul Joseph Watson
Friday, December 2, 2011
The cost of complying with draconian new EPA rules on carbon emissions will force coal plants in Texas to close and increase the likelihood of rolling blackouts, as the Obama administration’s vow to “bankrupt” the coal industry takes full effect.
When rolling blackouts hit Texas at the start of the year, we wrote a series of [...]
Leading Japanese manufacturers have seen their production hit hard by the quake and tsunami
Japan’s recovery from the earthquake and tsunami continues to be hampered by the disruption to power supplies.
Core machinery orders in Japan fell by 3.3% in April, compared with the previous month, the latest data from the cabinet office shows.
Analysts said the data showed that the recovery in Japan remains volatile in the wake of power [...]
China Drought Impact Widens, Reaching Shanghai
“China’s worst drought in a half-century is deepening, with the parched weather that has left millions in the Yangtze River region without enough drinking water pushing inflation higher and adding to widespread power shortages.”
Sony said on Thursday it was considering having all its employees in Japan take two-week summer vacations to save energy, amid power shortages in the aftermath of the March 11 disasters.
By shutting down offices, air conditioners, elevators, and other facilities, the electronics giant believes it could save up to 25 percent of the power it normally consumes during the peak summer months, said a [...]
“The special survey of 400 large firms was taken between March 25 and April 11 in tandem with the monthly Reuters Tankan, a poll of corporate sentiment… While Japanese companies are likely to be squeezed by production disruptions in northern Japan, as well as power shortages and supply woes, they may not feel the same pain as after the collapse of Lehman Brothers, when [...]
TOKYO, April 4, Kyodo
The devastating March 11 earthquake and tsunami have weighed on the sentiment of Japanese firms, the Bank of Japan said Monday, releasing in a rare move separate data of its closely watched Tankan survey result, made public last week.
The index for large manufacturers reporting in the aftermath of the disaster came to plus 6, compared with plus 7 for those who responded before the quake, the BOJ [...]
In the first economic metric since the Japanese earthquake struck, Japanese manufacturing activity slumped to a two-year low in March and posted its steepest monthly decline on record, confirming all the worst fears about supply chain disruptions and production operations, according to the Japanese PMI released on Thursday. From Need to Know News: “The 6.5-point drop in March was the largest on record, surpassing [...]
I just got off the phone with several frightened, somewhat dazed survivors of the Japanese earthquake who work in the financial markets, and I thought it important to immediately pass on what they said. Some were clearly terrified.
Japan’s economic outlook now appears far more dire than I anticipated only a day ago. It looks like GDP growth rate is going to instantly flip from [...]