Long Term Security
Long term measures to increase energy security center on reducing dependence on any one source of imported energy, increasing the number of suppliers, exploiting native fossil fuel or renewable energy resources, and reducing overall demand through energy conservation measures. It can also involve entering into international agreements to underpin international energy trading relationships, such as the Energy Charter Treaty in Europe. All the concern coming from security threats on oil sources long term security measures will help reduce the future cost of importing and exporting fuel into and out of countries without having to worry about harm coming to the goods being transported.
The impact of the 1973 oil crisis and the emergence of the OPEC cartel was a particular milestone that prompted some countries to increase their energy security. Japan, almost totally dependent on imported oil, steadily introduced the use of natural gas, nuclear power, high-speed mass transit systems, and implemented energy conservation measures, It has become one of the world leaders in the use of renewable energy. The United Kingdom began exploiting North Sea oil and gas reserves, and became a net exporter of energy into the 2000s.
In other countries energy security has historically been a lower priority. The United States, for example, has continued to increase its dependency on imported oil although, following the oil price increases since 2003, the development of biofuels has been suggested as a means of addressing this.
Increasing energy security is also one of the reasons behind a block on the development of natural gas imports in Sweden. Greater investment in native renewable energy technologies and energy conservation is envisaged instead. India is carrying out a major hunt for domestic oil to decrease its dependency on OPEC, while Iceland is well advanced in its plans to become energy-independent by 2050 through deploying 100% renewable energy.
Read more about this topic: Energy Security
Famous quotes containing the words long, term and/or security:
“A glimpse through an interstice caught,
Of a crowd of workmen and drivers in a barroom around the stove late of a winter night, and I unremarked seated in a corner,
Of a youth who loves me and whom I love, silently approaching and seating himself near, that he may hold me by the hand,
A long while amid the noises of coming and going, of drinking and
oath and smutty jest,
There we two, content, happy in being together, speaking little,
perhaps not a word.”
—Walt Whitman (1819–1892)
“Punks in their silly leather jackets are a cliché. I have never liked the term and have never discussed it. I just got on with it and got out of it when it became a competition.”
—John Lydon (formerly Johnny Rotten)
“The three great ends which a statesman ought to propose to himself in the government of a nation, are,—1. Security to possessors; 2. Facility to acquirers; and, 3. Hope to all.”
—Samuel Taylor Coleridge (1772–1834)