Tuesday, September 20, 2005

The Looming Energy Crisis?

Energy it seems is becoming more and more of a hot topic in the news of late; Hurricane Katrina has caused devastation in some of the gulf states but has also kicked up oil prices the world over mostly on the fears of the damage that could have been cost to the US oil industry infrastructure. But why is this such a problem? It’s understandable that in the US the price of gas and oil would go up since the hurricane hit a region where the oil industry is very centralized. But why is the price of gas in Canada going up? We have our own oil fields in the tar sands but our oil and gas costs are still going up?

I think that more and more people are starting to realize that Oil is a very finite commodity and although we still have vast amounts of it there will be a time when there is virtually none on the planet. I’ve seen more news articles lately lamenting the cost of oil and energy costs than I have in the past. So what does this mean? I would like to think that this is a good sign and that we’ll start investing more money into renewable energy sources or at least into reducing the usage of the existing sources. Car companies seem to be catching onto this fairly quickly now and there are hybrid cars available on the market already; though they are more expensive. Car companies are taking advantage of the marketplace and are looking to create more efficient more environmentally friendly cars that won’t cost as much to run but they really need to reduce the prices and get them out to the customers.

As far as I’m concerned there is no energy crisis, we’ve always got that nice little star giving us light each and every day and we can turn that into energy albeit not as efficiently as we would like it’s still a source of energy. We just have to get off our asses and do something about it. If each person on the planet saved an average of 0.01L of gasoline per year (keeping your car tuned does more than that) that would be 65 million liters of gasoline saved, now imagine if that was per day. A little bit really can go a long way and big business really needs to get behind this if they intend on helping reduce the crisis that will eventually come. There maybe a day not to far into the future where 10$/Gallon of gas is a discounted rate. I’m glad there is at least some movement in the right direction:

Daimler seeks partners for "mild" hybrid cars
Shell Hydrogen
Shell Solar