Energy shortages and unsustainable prices
Last updated on December 28th, 2017 at 11:29 am
“The energy crunch cannot be ignored any longer. The world’s governments do not have a plan B for the economic crisis, and the same applies to the death of cheap oil.”
In case you hadn’t noticed, the black stuff is being consumed rather quickly these days, and the price is a steadily rising year on year. The cost of oil in ten years will make current petrol prices seem tame.
Failure to look ahead to the future will be much maligned when, in many of our lifetimes, we will begin to face widespread global energy shortages and unaffordable prices.
Significant investment needs to be made by everyone over the coming years. This issue is not going to go away and will likely be one of the most critical problems we will face this century.
The founder of Power My Home, Stuart Lovatt says, “It wasn’t that long ago we were all complaining about £1.00 per litre of petrol, yet in a few short months we have reached present price levels 30% above that.
Whether we like it or not, cheap, affordable oil is the glue which binds our civilisation together and waiting around for governments to fix the problem will undoubtedly lead to disappointment.”
“Progress and action have to come from individuals. This reason is why I believe passionately in microgeneration technology because it empowers people to take responsibility for their futures. In 10 years time, when the price of energy has become intolerable, the early adopters of this technology will be cushioned, and non-adopters will probably have wished they had”, adds Lovatt.
The reality, however, has a way of enforcing change and our days of being able to afford the luxuries of complacency are limited.
So where are we going now?
Half the world denies that oil supplies will be a problem but don’t do anything-just stick their heads in the sand.
Nobody wants the new wind turbines to be built in their town. Nobody is prepared to put up with expensive petrol, or more expensive electricity, or even to forgo strawberries at Christmas, so how can we progress or take action with such double standards in play?
Where are the politicians who are prepared to stand up and say: “We have to build these things to keep our lights on, so vote for me”?
This situation means we have to take action on an individual basis, to look after our own homes and families, to protect ourselves from ever increasing energy prices and wherever this rocky road leads us.
We also need to decrease our energy consumption-there is no question about that. More immediately, we have to lower CO2 emissions into the atmosphere, so going back to coal is out of the question. Whether nuclear, wind turbines or solar panels are employed for energy production, doing nothing is not an option.
Shale gas extraction (fracking) now hailed as our saviour by the media, but this can only ever replace the dwindling North Sea gas supplies at best. It can’t replace oil and the reliance we have on oil. I will write about shale gas technology in more detail in future articles.
The critical savings for renewable technologies, both wind turbines and solar panels, mean that local grids would be set up and locally managed so that new nationwide power lines won’t be needed, saving on significant infrastructure replacement costs.
More reasons to put solar panels on roof spaces, which already exist in large commercial buildings, as well as domestic dwellings, are ideal for accommodating solar panels, is that they can be managed by the owners, and benefit them, through the feed-in tariffs.
The cost of oil in ten years time will leave our fragile society fragmented, if not broken. Time is quickly running out. Our government has now put generous feed-in tariffs in place, so there is no excuse anymore for inaction.
The energy savvy chooses PV solar panels.