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Posted 2 years ago.
See this poll on: http://www.economistconferences.co.uk/event/energy-security-u…
withallduerespecttothecountrytherereallyisnoriskcurrentlyaslongasthedesnignatedpersonsrarerecognisedintheirrespectivepositions.
Fact is: Oil production will peak some time in the next 10 years, probably 2018. The peak will push the price of fuel through the roof for the 30 million cars and 500,000 lorries on Britain's roads. People will want to switch to electric cars and the government really needs to get a move on with drastically increasing electricity generating capacity. NUCLEAR POWER IS THE ONLY WAY FORWARD. Renewables at this time are a red heron. The just can't supply the massive increases in electricity we are going to need. If I was head of energy policy I would be trying to be best buddies with those who can supply us with the nuclear fuel we will need soon. That would be energy security.
The government has inherited a hotch-potch of initiatives placing increasing complexity of disparate commitments on industry - particularly the energy sector. Whilst improving the energy efficiency of homes, encouraging consumers to change consumption patterns and preparing for a smart grid are all important, and will play a key part in energy usage in the future, it is not the only answer. In fact, we are gambling on the ability to use new technology to fundamentally change the way we distribute and consume energy. We cannot take such a risk with critical national infrastructure. Given the timescales to develop new generation capacity some tough decisions need to be taken now on our appetite for nuclear, carbon emissions and how much renewables can really play a part. I have yet to see the appetite to make these decisions, and we are in danger of assuming that the market itself will solve the problems. If it does, that may be too late and very expensive.
The UK government has a very poor record in both understanding and securing UK energy needs. The whole North Sea production proceeds have been squandered without any thought for the future. The current green lobby have hijacked a major portion of all the political parties leading to unrealistic expectations. There needs to be a realistic plan to nurture the remaining resources and securing future supplies from a diverse number of foreign sources for better security of supply.
i think that the uk needs to start investing in new forms of energy now before we have to start investing