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| July 2008 »
My response to Sheih's posting:
at global consumption rate of 1,000 barrel per second (read: Peter
Tertzakian - A Thousand Barrels A Second, The coming oil break point
and the challenges facing an energy dependent world.) there has to be
change of lifestyle. instead of using carbon fuel for burning to power
up our car, these molecules can be used as feedstocks to produce new
innovative materials that add more value to the economy. i’m a believer
in hybrid and introduction of energy efficient cars.
yes, natural gas is cleaner than oil, but keep in mind whatever
price you are getting at pump station is highly subsidized! have you
ever wonder why shell, bp, caltex, or esso do not retail natural gas?
first building pipelines to gas station is expensive and secondly,
transporting natural gas via trucks is highly dangerous!
back to government. it’s scary this administration taking the easy
way out by cutting spending which only trickle down to contraction in
allocation for research in renewable energy for example. or perhaps the
recent cut in higher institution budget that can only means less money
for research grants!
another disappointment in the measure to cut down subsidy is the
failure of government to spell out in details what they will be doing
with the savings. what exactly are they going to do to improve the
public transport system? how are they going to improve human capital
investment to produce more innovators? what sort of long term plan they
have in place to solve food supply (esp. rice) shortage in the future?
are we opting for nuclear or wind farms or methanol for new source of
energy to power up our increasingly reliance on private ownership of
automobiles. if brazil has successly introduced biofuel based on
ethanol, we could do it here as well. it’s a matter of intention which
mechanism will follow through!
Posted at 11:51 PM in Current Affairs | Permalink