Tsunami in Japan

So, as you probably know that an earthquake and a tsunami has hit Japan. So, what are the effects of this natrual disaster on the economy? Well, oil will go down because Japan, as the 3rd largest consumer of oil, will use less oil because there are less cars on the road. But, insurance prices will go up and stocks go down until this feasco is over. Also, the U.S. will be short on Japanese tech until they get they're manufacturing back up. So, that what the effects will be on the economy.

Thanks for reading! Sven Lewis