stage Light Ttl

David says:

yes, it will take immense political will and perhaps doomsday reckoning before renewable energy takes center stage. light bulb did not replace kerosene overnight and it took several decades for oil to match coal conumpstion. unlike the internet and information which transforms commerce instanteously, energy industry feeds into too many facets of life and require extensive infrastructure to support, hence it is no surprising that any fundamental shift will take decades to materialise. true enough, we will experience supply shocks more frequently as a result of QE2 and more expensive offshore drilling. but these shocks will also drive a more intensive search and effort worldwide to adopt alternative energy sources. solar is but one of the many alternatives being explored currently (algae, wind, waves, bio-mass/bio-diesel, more efficient engines, nuclear, fusion, smart grid etc). i tink human has learnt from the past that we shouldn’t rely on a single source and be held ransom by the those few countries possessing the resources we need. so now i am betting on a multi-prong approach to solving our energy crisis. when the day comes, i am more concerned abt the middle east economies which r overly reliant on big oil and seem slow to adjust to what’s happening in the world. as for the short term fluctuations, i guess we have survived oil at $140 per barrel without any subsidy. Singapore consumes around 1mil barrel a day and our GDP is around $150 billion. assuming oil jumps up to $200 pb from $90 pb and our govt is willing to subsidise for anything above $150 pb just to keep the economy going strong. that will cost the govt $50 pb X 1mil = USD 50mil daily subsidy or USD 18 billion annually. i believe our govt can afford that if you consider our GDP. but nah, we will be crazy to believe US and Europe will allow the fat cats to charge $200 pb on a sustained basis! one more thing, consider the fuel efficiency of cars now (tink volkswagen). transport accounts for 20-30% of oil consumption and the adoption of these new cars can easily drop that to 10-15%. i tink we r pretty safe from a meltdown….

MehanderanAgon says:

SCHNABEL MICAH ~ WHEN THE STAGE LIGHT GO DIM (CD) ~ EUR 14,95