Home › Forums › Refining Community › Refinery News › Japan quake: Cosmo Refinery fire, JX Nippon Halt operations & JFE Steel plant fire › RE: Japan quake tears thru Energy-Commodity sectors
A Tsuanmi will hit Hawaii ~7am this morning & maybe even California or Mexico & most other 20 countries will have been hit by time you see this.
An 8.9 Quake is on par with 300 megaton bomb going off & since quakes usually occur in groupings their will be afterquakes & more Tsunami. Below is list of hits already to Japan Energy & financial sectors that are likely only beginning.
The oil fears from Libia already have oil at over-speculated prices & energy too high, Japan can only add bad upward pressure on all energy markets which also are behind some hits to stock market now. Japan have taken all nukes offline and ports are closed to imports, & airports are closed due Tsunami flooding.
Since the stock market was down 228 points Thursday – this might give you heads up on an additional big drop today due to all impact from Japan’s Great Quake. Maybe even open down another 200 points since the financial damage will already be in Asian market by US opening bell.