Saturday July 08, 2006

Greenspan raises red flag on energy

peakoil.com -> denverpost.com :

Amid soaring fuel costs and diminishing world oil supplies, former Federal Reserve Chairman Alan Greenspan warned that the nation needs to develop alternative energy sources or risk dire economic consequences. "If the world oil industry were to get into very serious difficulty, its impact on the world economic system would be very difficult to absorb," said Greenspan, addressing a crowd at the Aspen Institute's Aspen Ideas Festival.

Greenspan called for a mixture of solutions, from plug-in hybrid cars to ethanol to nuclear power. Greenspan's comments came a day after oil prices reached a record high, pushing above $75 a barrel on the New York Mercantile Exchange. Greenspan also sounded alarms about dwindling natural-gas supplies and the dangers posed by global warming. Greenspan said the nation may also need to develop more nuclear facilities and import more natural gas.

See also :

1. Greenspan: Energy Costs May Stunt Economy
2. Greenspan on Peak Oil

(2006-07-08 09:30:35 SGT) [Energy] Permalink

Most popular blog postings on lowem.log :

1. Singapore MRT rail network length to double by 2020
2. 2010 Nissan Leaf electric car specifications : 107hp, 24KWh lithium-ion batteries, 100-mile range
3. Live spot gold price quotes chart on COMEX
4. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
5. AVG Anti-Virus Free Edition 2011 direct download link
6. Real-time live gold and silver price quotes chart on COMEX
7. Singapore electric vehicles : Government agencies EMA and LTA to study EV introduction
8. Book review : Shut Down by William Flynn

Featured articles on lowem.log :

1. Book review : Shut Down by William Flynn
2. Singapore electric cars testing starts with 9 electric vehicles
3. Honda, GS Yuasa JV to make lithium-ion batteries for 2010/2011 Honda Civic Hybrid
4. 2010 Honda Civic Hybrid preliminary specifications released
5. 2010 Honda CR-Z hybrid, 2010 Honda Fit/Jazz hybrid models confirmed
6. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore : Nuclear power not ruled out