Gasoline Gangsters 26: Goodbye & Sayonara Japan

Japan consumes roughly 4.5 million barrels a day in gasoline and diesel fuel but none of it is produced by the country. In 1996 Japanese oil consumption peaked near 6 million barrels a day and has never recovered. The country is also facing deflation and kamikazi attacks by zombie banks. The only thing that has kept Japan growing over the last 20 years is imported natural gas from Australia, the carry trade and foreign consumption in the rest of the world. As global capital dries up and the world hits peak oil it’s time to say sayonara Japan.

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