Welcome To Judith Highlands Energy Website
There is no doubt that we are going to have to change the way that we get our energy supplies. One of the main reasons is that we are now at the point where we are going to have to face the fact that we are running out of oil. There are of course other good reasons to find alternative sources but it is pretty clear that only supply issues will give us the needed incentive.
One of the biggest issues that we are facing when it comes to meeting our energy needs is that we are running out of oil. This is what is known as peak oil and it is basically the belief that at some point in the near future oil production will peak and then begin to decline. There is little doubt that it will happen as we know that oil supplies are limited. The big debate however is about what will happen when oil does peak.
There are some who believe that we will face a huge crisis when oil production peaks, there are others who believe that nothing will happen. The most likely thing is that slowly we will see oil prices rise which will have a huge impact on the world economy as a whole. Currently we are not set up to deal with a situation where we don't have access to cheap oil. Whether this will change before it is too late is something that remains to be seen.
The good news is that we do have alternative sources of energy that we can use besides oil. The problem is that we are not currently putting nearly enough effort into developing them. The only alternative that is currently in widespread use is hydroelectricity and it has its own issues, mainly with the fact that it is only practical in certain areas. The other options are in limited use but currently cannot compete with oil.
The reason that we have not prepared for peak oil as well as we should have is that for now oil is the cheapest and most convenient option. Until the alternatives can compete with it on price they will never be widely used. Of course following peak oil this will be less of an issue as we will have rising oil prices that will bring its price up to around the same level as that of the alternatives.
The problem with waiting for the price of oil to rise until it reaches the same level as the alternative fuels is that it is almost certain to damage the economy as a whole before we are able to stabilize things. It would be far better to bring the cost of alternative fuels down to the level of oil prices. In order to do this it is going to require a serious commitment and investment on the part of the government.