Global energy crunch 'the new Cold War'  

Posted by Big Gav in , ,

The ABC reports that the new Federal Minister for Energy has announced a national energy security assessment is to be done - sounds like someone is concerned about peak oil, even if the phrase isn't used.

From Global energy crunch 'the new Cold War':

Federal Minister for Resources and Energy Martin Ferguson has described the challenge of securing global energy supplies as "the new Cold War". Mr Ferguson has told the second annual Energy State of the Nation forum that the worldwide supply and demand balance for energy has tightened. He says concerns about energy security have risen in line with energy prices.

Mr Ferguson says his Department will develop a national energy security assessment through consultation with industry over the next three months. "This is about providing timely and focussed information in the energy sector," he said. "This security assessment will provide an integral picture of the outlook for electricity, gas and liquid fuel supplies and demand over the next five, 10 and 15 years."

1 comments

This new cold war may become more and more intense in proportion as we get closer and closer to the energy-production peak. For more details, look at the March 2008 Newletter of the multilingual blog (English, French, Spanish)
http://thesmartcreature.blogspot.com/

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