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Old 10-10-2012, 07:31 AM
The X Men The X Men is offline
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Quote:
Originally Posted by voip-ninja View Post
If the natural gas and oil reserves are hundreds of billions of dollars worth, Japan would have to lose a lot of business in China to make up for it.

Not to mention that giving up those islands to China is sending a signal to China that they can continue to push on other things, like Taiwan without protest from Japan or their proxy, the US.
I think Japan is really in a tough position. Before the Fukushima accident, Japan was the world's third biggest user of nuclear power, they had planned to increase nuclear's share of the energy mix to 50% by 2030. As a result of the Fukushima accident, Japan has recently announced plans to end its reliance on nuclear power within 30 years. This signals a major shift in how the country will get its power source from. Japan's need for oil and natural gas will increase due to its shift from nuclear power generation. Either way, this will be a lose lose situation for Japan.
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