Will Japan’s Nuclear Emergency Fuel Oil Dependence?

According to Jeff Rubin, the recent nuclear crisis in Japan may effect an increase in the use of fossil fuels around the world. As the crisis renews fears about the safety of nuclear energy, nuclear expansion projects will be delayed, at a minimum. Even countries with strong “nuclear ambitions”, such as China and India, will face reticence due to reduced confidence in this energy source. It may not create “a U.S.-style halt to new nuclear-energy projects”, as happened after the 3 Mile Island incident, but will surely slow new development as safety issues are re-examined.

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• Oil Dependence

  
  Threatens the planet
  Transportation accounts for 30% of all US greenhouse gas emissions, a staggering 2 billion metric tons of CO2 per year, and that use is growing faster than all other sources of greenhouse gases.
  
  Distorts our foreign policy
  Whether it’s a commitment to protecting oil markets or limiting our policy choices, our oil use limits our standing in the world.
  
  Weakens our economy, shipping almost $1 billion per day overseas to pay for our oil imports. Moreover, energy prices have ripple effects in everything we do, from our farms to our industry.
   

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