25 Jul '11, 2pm

Cut energy demand to meet shortage: Filed under: Energy News

Between April last year and March this year, the world was struck by three Black Swan events that 'everyone' knew would happen, yet, strangely, seemed unprepared for when they did. The Gulf of Mexico oil leak, the political upheavals in the Middle East and North Africa (Mena) region and the earthquake-tsunami-nuclear tragedy in Japan are already inflicting history-altering impacts, not the least, because they have significantly and immediately reduced the world's supply of cheap energy. Yet, their occurrences should not have surprised anyone as experts including geophysicists, engineers, political scientists, economists, nuclear scientists, environmentalists and regulators have been warning for years that deepwater drilling carries high operational risks, that the Mena countries were ripe for revolution and that any of Japan's 54 nuclear plants could leak radiation if stru...

Full article: http://energybulletin.net/stories/2011-07-25/cut-energy-d...

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