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Page added on April 26, 2011

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IEA: The age of cheap energy is over

Geology

The Executive Director of the International Energy Agency (IEA) has warned that curbing rising fossil fuel prices will require significant investments and further development and deployment of renewable energy technologies, energy efficiency, and advanced vehicles. Nobuo Tanaka noted that the renewed debate on nuclear energy could have an impact, not only on climate change but also energy security.

“The age of cheap energy is over,” Mr Tanaka said, speaking at the Bridge Forum Dialogue in Luxembourg on 13 April 2011. “The only question now is, will the extra rent from dearer energy go to an ever smaller circle of producers, or will it be directed back into the domestic economies of the consumers, with the added benefits of increased environmental sustainability?”

Read more: International Energy Agency

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2 Comments on "IEA: The age of cheap energy is over"

  1. Richard Ralph Roehl on Tue, 26th Apr 2011 2:32 am 

    My neighbor owns one of them giant macho $UV gas-hogs. I think it’s a Ford product.

    While my neighbor watches bread an’ circus footballing and hockey on tell-lie-vision, I prepare to cook him (or parts of him) when there’s no food in the grocery store. His $UV would make a fine chicken coop… or maybe a good place to hang dried meat.

    Star Trek is NOT the future of Amerika or the world. The future is Mad Max!

  2. cusano on Tue, 26th Apr 2011 3:21 am 

    The current U.S. budget slashes spending on Hi-speed rail, and green technologies. Experiments in college labs and back yard workshops are not going to produce the ‘magic bullet’ that we desperately need..or not in time. Our leaders are leading us to the edge of the cliff, and most of the sheeple are happily following.

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