Monday, June 25, 2007

Not coping with green energy

Energy crisis cannot be solved by renewables, oil chiefs say - Times Online

Some pessimism from the oil and energy industry:
Shell’s chief gives warning that supplies of conventional oil and gas will struggle to keep pace with rising energy demand and he calls for greater investment in energy efficiency.

Instead of a great conversion to wind power and solar power, Mr van der Veer predicts, the world will be forced into greater use of coal and much higher CO2 emissions, “possibly to levels we deem unacceptable”.

Alternative energy sources, such as renewables, will not fill the gap, says Mr van der Veer, who forecasts that even with major technological breakthroughs, renewables could account for only 30 per cent of energy supply by the middle of the century.

“Contrary to public perceptions, renewable energy is not the silver bullet that will soon solve all our problems,” he writes.
And the chief executive of Exxon agrees:
Mr Tillerson said that world energy demand would rise by 45 per cent by 2030, and fossil fuels – oil, natural gas and coal – were the only energy sources of sufficient size, adaptability and affordability to meet the world’s needs.
Might be time to start taking geo-engineering more seriously, I think.

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