Oil and gas industries set to struggle
The renewable energy expert Harald Rostvik has warned of an imminent collapse in the oil and gas industries as supplies run dry.
The renewable energy expert Harald Rostvik has warned of an imminent collapse in the oil and gas industries as supplies run dry.
The shingles that help to protect you from the elements could soon help to keep your lights on. Solar companies have developed light-absorbing roof tiles as a more aesthetically pleasing alternative to solar panels.
With oil reaching a record-high $54 a barrel and natural gas doubling in price in the last two years, renewable energy is looking a lot better – not just on environmental merits but on price.
China, plagued by a persistent energy shortage, is drafting a law requiring power companies to buy electricity generated by green energy sources, the China Daily said on Thursday.
Energy tycoon Boone Pickens says “we’ve seen $40 oil for the last time” and expects “$10 natural gas” probably within “four months”
Short of radically altering America’s driving habits, the United States cannot achieve energy independence without spending billions of dollars on new initiatives. And no political consensus exists to spend those sums despite decades of promises to cut oil imports. But new plans are emerging that might sway lawmakers.
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Thanks
Michael Lucking
“With the price of oil above $50 a barrel, with political
instability in the Middle East on the rise, and with little
slack in the world oil economy, we need a new energy strategy,”
says Lester R. Brown, president of the Earth Policy Institute, a
Washington, DC-based research institute. “Fortunately, the
outline of a new strategy is emerging with two new technologies.”
Peter Davies, the vice chairman and chief economist of BP said: “Wind and solar energies are only in the minds of scientists at the moment. They are not in the market now, but they may be in 50 years.”
The government is warned today that Britain’s manufacturing recovery could be derailed by rising energy prices and consumers could face winter blackouts because of a short-fall in generating capacity.
Britain faces winters of blackouts and energy price hikes because of a looming crisis in generating capacity, a power and engineering industry union warns.
THE Government will fail to hit its target of generating 10% of the country’s energy from renewable sources by 2010, senior industry figures have told Financial Mail on Sunday.