'Energy: Invest now, or we all pay,' says think tank
BREAKING...GLOBAL ENERGY NEWS!
By THE COUNCIL on FOREIGN RELATIONS & The NYT
JAD MOUAWAD: Ladies and gentlemen, may I have your attention, please? Good afternoon, ladies and gentlemen. Welcome to the Council on Foreign Relations. My name is Jad Mouawad. I’m with The New York Times. Before we begin, I was asked to remind everyone to please turn off your cell phones, and also this meeting will be an on-the-record meeting.
With us today is Dr. Fatih Birol, who’s the chief economist at the International Energy Agency and the author of IEA’s yearly World Energy Outlook.
This year the publication makes a few sobering points. Basically, it shows that without a radical change in policy, energy consumption is set to soar in the next three decades. Paradoxically, the IEA warns that there’s no assurance that the massive investments needed to meet this soaring demand will be made in time.
(Click & Read on courtsey of the CFR)
Photo Captions & Credits: "Magic Hour"-- Jackson Lake, WY, by Gil Brady for The Cowboy Times
posted by Cowboy Times at 4:30 PM
3 Comments:
Gil -
Kudos for sharing the link to this report. This is about the best thing I've seen on the current energy supply situation. A little scary, too. Thanks.
Yeah, way scary. I was hoping, somehow, you were going to tell me how wrong
and off-base it was.
--The Cowboy Times
You were...HOPING?
Who, me? Nah.
What makes the story important is the wild card in the whole deck: demand. Regardless of what one thinks the actual fossil fuel reserves are, not having a handle on how many straws will be put in the energy soup bowl, say, by China, puts us in the danger zone, globally.
Later...
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