Comment by Tor3
13 hours ago
The situation may stabilize over time as Japan gradually manages to shift sources. However, the situation has been and is serious, the Calbee issue isn't really what matters of course. As someone who's currently in the process of building a new house, I'm in constant touch with my construction company, and they tell me that there are tons of procurement problems because of the naphta shortage. Some companies have stopped taking orders altogether. We're lucky in that our construction company managed to secure what we need just in time, those just a couple of weeks after us have problems. We are mostly fine, except for some stuff, which, while important, can be handled. Or delayed, at least.
Absolutely, it is serious and will take months to stabilize, but this isn't the first nor the last shock like this that will arise.
The 2022 Russia-Ukraine War led to a temporary shock like this as did the Iraqi Civil War and the subsequent surge in the late 2000s and early 2010s.
Life is filled with black swans and it truly sucks at the individual level, but at the macro-level this is transitionary.
Also, for the Japanese government, the housing pain is less worrisome than it's downstream impact on cracking.
> is less worrisome than it's downstream impact on cracking.
What does cracking mean in this context?
I'm not op, but he's probably referring to: https://en.wikipedia.org/wiki/Cracking_(chemistry)