Wednesday, November 3, 2010

Singapore's Energy Strategy

While it has been reported recently that foreign experts have opined that Singapore's national energy strategy is on the right track, I feel that much remains to be done to move to a more sustainable energy infrastructure. Thus, although LNG is a good way to diversify our natural gas needs, we still can't escape the reality of well depletion, especially the rapid rates of offshore wells (since our LNG supply will come from the fields off the west coast of Australia).

And as much as it is good news to have a solar plant operate here, I still feel that we are not aggressive enough in putting in solar infrastructure. Yes, at current oil prices, it makes no economic sense, but if we look at the investment as one of providing a partial backup solution, it will make a lot of sense when (not if) there are disruptions to our natural gas or crude oil supplies.

And as for nuclear power, unless new technology making use of thorium becomes viable, if we have to wait 10-20 years as some experts have suggested, uranium-powered nuclear reactors may not be relevant as we might have reached 'peak uranium' by that time and all the known supplies would have been locked up by big countries like China and India.

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