40 years ago MITI (Ministry of International Trade and Industry) in Japan made the decision that Japan would generate the bulk of it's power with Nuclear reactors. Natural gas was relegated to a minimal position in the country's power generation structure.
Subsequent to the tsunami, and the Fukushima Daiichi incident, Japan's nuclear output is down 95% and the focus has shifted dramatically in favor of natural gas. The opportunity for distributed energy sources, e.g. Capstone, is stupendous. I keep awaiting the announcement that Japan has ordered several shiploads of C1000's, as in my mind that is the most logical and quickest way to get the grid back up.
Japan has been the largest importer of natural gas for decades and now it's thirst for more is insatiable. Currently destination prices for natural gas to the Far East is nearly $15.00 per mmBtu. Japan is already seeking approval from the US to import more LNG as a May nuclear free Japan is looming rapidly.
Don't remind me about WPRT as I was in and out of that one at $13 and bailed as the NatGas act faltered. Closed today at $44.50. I'll give you one guess as to where I moved that portion of my portfolio...like a stone around my neck and can't get it off.
I too wonder how Jamison can command a million dollar salary without turning a profit.
