US energy policy: Two very different disasters will have profound effects
By Ed Crooks
Published: March 21 2011 00:18 | Last updated: March 21 2011 00:18
US energy policy for the coming decade will be shaped by two disasters less than a year apart: the Deepwater Horizon explosion and blow-out in the Gulf of Mexico in April 2010, and the Sendai earthquake and tsunami less than a year later.
The first has led to significant curbs on future supply of fossil fuels in the US; the second is likely to cause a significant increase in demand.
Copyright The Financial Times Limited 2011.
“…the plant closures will mean a shrinking margin of excess generation capacity, implying a greater risk of problems on the network, up to and including blackouts.”
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