By Dian L. Chu, EconMatters A 9.0-magnitude earthquake rocked Japan on Friday March 11, prompting a 30-foot tsunami slamming the country’s northeast coast. Media reported that one major oil refinery was caught fire while nearly a dozen nuclear plants were shut down leaving Millions of buildings around Tokyo without power. Crude oil saw a pullback breaking the recent uptrend from the Libya and Middle East unrest. Reuters reported that there were six refineries that account for 31% of Japan’s output shut down after the quake and it was unclear when they would…
***This is a preview. Please go to http://dianchu.blogspot.com , mobile reader http://bit.ly/dianchu-mobile or mobile webstie http://bit.ly/dianchu-wink-m for full content. ****
