Tuesday, 26 September 2017

OUR MARKETS

The Energy industry is probably the biggest and most dynamic in global commerce. It touches everyone’s life and impacts on just about every single commercial endeavour in the world today.

Next to food production it is also one of the most heavily traded, politically sensitive, competitive and complex on the planet. More than any other it has morphed, transformed and re-invented and re-aligned itself since the emergence of the first commercially available fuels in the 1800s. Today, the market has become globally organised, strategically aligned and dominated by government and big corporations. Dominated by the big three generation methods – oil / fossil fuels, coal and nuclear power, global energy supply and consumption is relatively stable, if somewhat skewed toward the developed world nations.

But the writing is on the proverbial wall as coal as a fuel has begun to wane. Oil will surely follow suit over time as pollution and climate change concerns ramp up especially in those developed countries. As far as nuclear energy is concerned, the disasters at Three Mile Island, Chernobyl and Fukushima has cooled acceptance by policymakers of this risky and potentially dangerous energy source.

The market is complemented by a slim, but growing 23% share of energy generation powered by the ‘renewables’. Hydro-electric, wind, tide, geothermal, solar and Bio-Fuels are all taking advantage of the leaps in development technology to provide us with an increasing share of the energy pie.
With the current trend of ‘feeding in’ renewable energy sources into the energy grid, it does not take too much imagination to discover that this is part of a deliberate strategy to phase out old, obsolete sources and technologies in favour of newer ones.

Without doubt, energy is on a new course – to provide efficient, clean and pollution-free energy to every corner of the globe!