Page added on January 25, 2006
…The issue is acknowledged by all insiders. It has become visible to everybody via gasoline prices, higher heating bills, and rampant inflation at home, permanent tension with Russia, Venezuela and Iran on the international scene. Do you really think it won’t have massive economical and political consequences?
Nuclear energy
One sector where peak oil (or more precisely, peak gas) is already visible is nuclear energy. Following the natural gas price increases in North America, gas is pretty much dead as a source of electricity – it’s not competitive anymore against coal, wind – and nuclear. The recent gas dispute between Russia and Ukraine has reminded starkly those that willfully hid the obvious fact from their consciousness of how Europe is dependent on Russian gas for its electricity generation (Russia is just as dependent on European imports, but that’s another story).
Wind power, clean, homegrown and price-competitive, is booming, but the big winners are coal generation and nuclear. The keenness of a number of countries to build new nuclear plants is at its highest in 30 years, and that translates in deals like this one:
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