Wednesday, March 23, 2011

Some of the bad news

Natural gas to gain from nuclear crisis

"All this leaves one fuel as the prime alternative -- natural gas, its proponents say, is cheap, readily available and significantly cleaner than oil or coal.

Some of the downsides of gas in the past -- price volatility and tight supplies -- have been overcome for now.

Reserves have increased by nearly 70 percent over the past two decades because of new finds, the shale gas revolution in the United States, the advent of LNG and Europe's own potential shale gas reserves, which are being explored at the moment.

A host of new pipelines is being planned or built from Russia and Central Asia to customers in Western Europe, opening new import routes the companies involves want to be filled.

Because of the oversupply, prices have been lower than they were for years, meaning that natural gas is also a commercially attractive option."
If it wasn't for that pesky climate change thing...


Italy halts nuclear plan after Japan crisis

Italy will declare a one-year moratorium on the country's nuclear programme at a cabinet meeting Wednesday, Economic Development Minister Paolo Romani told a parliamentary committee.

"At the cabinet meeting tomorrow we will call a one-year moratorium on decisions or the search for nuclear sites," Romani said Tuesday.

Rome had planned to start building nuclear power stations from 2014 and hoped to produce a quarter of its electricity with atomic energy by 2030.


So what would they plan to use instead of nuclear to get to that 25% goal number?

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