According to Straits Times Home H23: Forum
“Mr. NG Weng Hoong’s commentary, “S’pore needs to rethink energy policy” (ST Aug 26), suggested a switch to alternative energy, or reducing or at least maintaining our energy demand in order to reduce Singapore’s reliance on fossil fuels for our energy supply. There is consensus that fossil fuels – oil, natural gas and coal – will continue to be the dominant fuels that will meet the bulk of the world’s energy needs. They are more economical than many alternative energy sources, and there are adequate reserves to meet global energy needs for at least the next 40 years (Longer for coal). The US Energy Information Administration has projected that fossil fuels will still account for some 86 percent of total world energy demand in 2030…..”
“Electricity from photovoltaic technology still costs more than three times the average Singapore electricity pool price. Besides, even if we covered most of the available rooftop space in Singapore with solar panels, we would be able to meet only 3-4 per cent of Singapore’s annual electricity consumption, using today’s solar technology. To meet the energy needs of a growing population and economy, we thus have little choice but to import more natural gas. The building of an LNG terminal will allow us to diversify our sources of gas supply and improve energy security….”
“At the same time, the Energy Market Authority will ensure that our electricity market stays open to alternative technologies as they arise and become viable for Singapore.”
- That concludes that EMA had no choice at all to import LNG which is the SAME situation to ALL other LNG thirsty countries, the problem is NOT that the OIL supply will run out but the real problem is Cheap OIL is no longer available to the world when the global oil demand over shoots the global oil supply.
By 2010, Oil price might deter people from using Oil base energy and and all nations will be looking at LNG, Coal and Nuclear as the next safe haven for energy security. The problem of each of the 3 mentioned is that they are either environmental hazards or potentially VERY costly in the near future, however we must not dismiss the import of LNG totally as it will slow our decent to a post-oil world where human population will slowly migrate to alternative energies such as solar, wind, hydro, geothermal, waves, Oceanic Thermal, Bio-fuel, ethanol and other new alternative technologies as they arise and become viable for Singapore.
We can start individually or wait for the government to save us, conserve your electricity consumption as much as possible to save cost as the first logical decision. The next progress is to make a smaller eco-friendly renewable energy community with assured food supply (small food crops at HDB corridors), be a part of the solution and soon it will spread to the rest of the country and to the world.
Be the first to start saving yourself huge amount of money and save your love ones and future generation from possible hardships, prepare your steps towards post-oil world as soon as possible!
Remember, a single chopstick can be broken easily but given a bunch united together we shall be unbreakable!!
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