The devastating earthquake in Japan could force the country to shut down
some nuclear power plants for a while to make sure they can be operated safely
and that could create a need to import oil products to produce electricity, RBC
Capital analyst Jacques Rousseau says.
But how much they need is uncertain
because there is "going to be an element of demand destruction because a
lot of people are being displaced." Rousseau doesn't expect oil shipments
from Asian markets to be significantly delayed because of the tsunami and
choppy water conditions.