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To what extent is the world energy secure at present?

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Introduction

To what extent is the world ?energy secure? at present? The term ?energy security? means the ability a country has to access a cheap, reliable source of energy. Oil is what currently drives the world?s energy, but with oil reserves starting to deplete, other more reliable and renewable energy sources are needed to continue in order to keep the global economy going. In the current energy climate the global economy heavily rely on oil as the main source of energy production, but at the price of oil fluctuates so does the energy provided by oil production. Now that newer more viable technology is becoming readily available more and more countries are switching to alternate sources of energy most being renewable as the world is currently facing a rise in temperature also known as global warming, furthermore because the world is consuming vast quantities of oil for energy production the vast majority of oil reservoirs are emptying, which suggests the energy security is at risk on a global scale. ...read more.

Middle

than coal and nuclear power. Gas produced less SO2 and NOX and due to the combined cycle gas turbine, using gas was half the price of coal and 30% less than nuclear (capital costs). In order to tackle the crisis of energy insecurity the USA, UK and many other countries have invested vast amounts of resources into researching new technology that can be used and alternate methods of energy production with the majority being renewable. But there are methods like nuclear power which can provide huge amounts of energy and produce lower emissions than oil production, but have other downsides, for example producing radioactive waste which has to be specially contained and then buried, which can consume other resources and in some cases rely on other countries to do so. This would mean that the countries that use this type of energy production like the USA can invest into bioethanol/ biodiesel which will reduce their dependency on imported oil and therefore better their energy security. ...read more.

Conclusion

The only problem with diversifying energy production is that the viable alternatives can cause other problems that can have an impact socially and environmentally while still improving the economical situation. For example off/on-shore wind farms can potentially provide vast amounts of wind energy, but their construction can cause damage to surrounding ecosystems/habitats, as well as being an ?eye-saw?. There is also a lot of pressure to develop ?domestic? resources. (ANWR) Artic national wildlife refuge has been an ongoing political controversy in the United States since 1977. ANWR comprises of 77,000km2 of the northern Alaskan coast. It is the largest protected wilderness in the United States and was created by congress under the Alaska national interest of lands conservation act. Section 1002 of the act deferred a decision on the management of oil and gas exploration and development of 1,500,000 acres in the coastal plain. The main debate on whether to drill in the 1002 area of ANWR rests on the amount of economically recoverable oil, as it relates to world oil markets. ...read more.

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