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Japan Quake Shakes the World

• World
• East Asia-Pacific

The Plaid Avenger gives a quick assessment of the catastrophic earthquake and tsunami that hit Japan on March 11, but also talks about the wider implications to the rest of the planet concerning this already historic event. Due to the unfolding nuclear crisis being caused by 3 damaged nuclear reactors which may turn into an even bigger disaster than the quake, the world is likely to slow or perhaps even abandon the emerging nuclear power industries, which in turn will make for skyrocketing prices of fossil fuels (Note: the price of oil is currently dropping, as Japan’s demand for oil has evaporated in the short term but don’t look for that to last much longer.) In addition, this epic event in Japanese history is likely to be looked back upon as the time that Japan slipped from its economic/political leadership role as an Asian titan, to a more subsidiary player behind China and other rising Asian powers.

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Keywords: Japan, earthquake, tsunami, nuclear reactor, nuclear energy, oil

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