NUCLEAR PLANT ISSUES IN JAPAN ARE THE LEAST OF THEIR WORRIES . This is an actract from an Atomic blob. it starts of by saying the plants will be safe , but it may take years of testing to bring them online. then it goes on to say this.As the Japanese economy recovers from the quake and power customers get their supplying wires restored, the demand for power will be met by importing more fuel oil, importing more Liquified Natural Gas and importing more coal.
Those additional demands on an already stressed fossil fuel market will cause world wide prices to be even higher than they would have been. There are already investors who are working hard to figure out how to play that very predictable consequence of the accident for their own gain. If you do not believe that statement, I recommend reading Bloomberg's March 11, 2011 article titled Japan?s Post-Quake Energy Import Surge Will Boost Reliance.
ICN Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held