Oil and
gas prices are rising swiftly in a very volatile market
Jul 12, 2006 - Evening News; Edinburgh
Author(s): No Byline
ENERGY COMPROMISE THE Government's energy review yesterday was not
the nuclear explosion critics expected. There was plenty of wind and
water thrown in to dampen down the flames of dissent.
Trade and Industry Secretary Alistair Darling's announcement was the
balanced package promised, opening the way not only for more nuclear
power stations but signalling a drive to boost renewable energy and cut
energy consumption.
In the home, people will find that their stand-by switches on TVs and
stereos will quietly be phased out. Few realise they use half as much
power in this mode, adding seven per cent to national energy
consumption. In future years they won't exist or will switch themselves
off as you snooze on the sofa.
But the energy efficiency agenda is far more far reaching - imposing
carrots and sticks on the big power companies to increase their use of
renewables, cut down on gas fired stations and help customers, business
and domestic users, to reduce consumption.
This chimes in with the promise by the Scottish Executive's
Communities Minister, Malcolm Chisholm, to boost green power in all new
property developments. Construction companies will have to think green
when they build new housing developments or business parks. Items like
mini-wind turbines, small-scale hydropower or solar panels will have to
be incorporated into all designs. While costs may rise slightly this
will produce long-term savings for both home owners and companies and
cut greenhouse gases and global warming. Scotland's planning system will
also be streamlined to stop protesters objecting to a green schemes,
holding up the march of renewables.
Westminster insiders believe this could allow swifter developments at
nuclear power stations at Torness and Hunterston to fill the energy gap,
despite First Minister Jack McConnell's apparent coolness. Wary of the
Liberal Democrats in his coalition and the Greens and Nationalists
circling outside of it, his scepticism may be politically wise for the
time being. However, in the longer term a combination of new nuclear
power stations and a drive on renewables could be a massive boost to the
Scottish economy and put the country in the forefront of modern energy
technologies.
Scotland has been blessed with North Sea oil and gas for a generation
and it could be argued the multinationals and government have not made
the best use of it. But in an increasingly energy- conscious and
energy-expensive world, there are still reserves there to be effectively
managed.
If that is allied with nuclear redevelopment at Torness and
Hunterston and a major exploitation of wind and wave power, there is an
unparalleled opportunity for the Scottish people, Scottish industry and
the Scottish Executive to benefit economically while tackling climate
change. It must be grasped with both hands.
Leaving the door open for new generation of nuclear power stations
may not please those opposed to them, but it is a compromise position
that may have to be embraced.With renewables unlikely to be able to meet
our future power needs, it would appear to be an essential element of
the mix - bearing in mind that world oil and gas prices are rising
swiftly in what is a very volatile market.
As supplies continue to dwindle the market will drive prices even
higher and it is essential we become as self-sufficient as possible. To
rely on external suppliers would leave future generations at the
economic mercy of foreign powers.
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