Topic: PFC Energy
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Four ways Japan disaster affects investors
When the world’s third-largest economy is hit with its worst earthquake ever, a tsunami, and a subsequent nuclear crisis, the human and physical toll has been enormous. The disaster is also sending ripples through the world economy. Here is a look at four ways the Japanese crisis changes the investment landscape:
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Europe rethinks dependence on Libyan oil
Italy and Spain depend on Libya for as much as 22 percent and 13 percent of total crude consumption, respectively, a supply not easily replaced on short notice.
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Falling oil prices dent Hugo Chávez's clout
With oil prices down by half since July, the Venezuelan leader's largess may dry up.
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Chávez, China cooperate on oil, but for different reasons
The Venezuelan president touts Beijing's $4 billion investment as another punch in his bid to undermine US clout. China is more pragmatic.
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