Energy and Economy Balance News

The energy debate is often categorized as the fossil fuel companies versus the clean energy companies. While there was certainly a major battle early on, the line has become much less clear these days. This is particularly true when you consider the fact that many oil companies now incorporate solar energy as part of the energy production for their facilities. Yes, it is the ultimate irony.

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The G-20 Economic Summits are crucial to streamlining trade and money flows throughout the world. National Leaders need to be talking to each other, it is critical to maintain open communication, prevent political impasse, foster trade, and stop the marches towards wars due to misunderstandings, disrespect, or just plan hot tempers.

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Did you know the Iraqi oil fields are far larger than the Saudi Arabia oil fields? And did you know that even at $50 per barrel the United States has a trade deficit with Saudi Arabia of around $180 billion per year?

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In many countries where electricity distribution systems have gone hi-tech, we are increasingly seeing a situation where users have a hard choice to make: between either being put on the prepaid electricity billing system, or remaining on the traditional post-paid systems. Some jurisdictions have actually switched fully to the prepaid system, so that users, even if they wanted, would still have no alternative but to get hooked onto that new, hi-tech prepaid electricity billing system.

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We are increasingly witnessing a trend where more and more power distribution companies are opting to put their customers in the electricity supply programs. These are usually run through prepaid electricity meters, where users buy vouchers worth given amounts of money which, when keyed into the prepaid meters, afford them given numbers of electricity units. You know how much of a trend this is when you consider the number of electricity meters that are being purchased on a daily basis. A look at the number of companies that are emerging, with the manufacture and distribution of such prepaid electricity meters as their core business confirms the extent to which the meters are in demand. Of course, most of these meters are not purchased by individuals, but rather by electricity distribution companies, which proceed to sell and install them for their customers.

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When most people hear about the possibility of being hooked onto a prepaid electricity system for the very first time, they tend to be very skeptical about the idea. Indeed, if they are hearing about that possibility from a non-authoritative source (say from a friend), most people tend to dispute it outright. You can’t blame them: coming from a situation where electricity has always been paid for after usage, it takes a certain degree of creative thinking to visualize a situation where electricity would be paid for before use. It is hard to think of how the system would work.

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Housing numbers came in at the worst levels since 1963, when the government started keeping track of housing statistics. It seems almost impossible to sell a house in many parts of the West. Supply of houses on the market are at an all time high with no relief in site. This is our warning that the economy is about to fall into another deep recession, even if we only statistically came out of the last one.

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We start with an assumption that everyone should, by now, be conversant with the workings of prepaid electricity. But just to ensure that nobody is left out, we could mention in passing that a prepaid electricity system is one where electricity users pay for electricity before actually getting to use it. They first pay for the electricity, and then make use of it – in much the same way that people usually first pay for their sugar or salt before making use of it. This is, of course, in contrast to the traditional electricity billing system, where people only get to pay for their electricity after having used it.

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It is now official that in order to achieve sustainable economic growth, it is important to utilize our energy sources in a manner that will not interfere with the ability of future generations to make use of the same sources of energy that we are using today. Sustainable development goals come with a special focus on the environment and the aim is to maximize resource utilization without impacting negatively on the environment.

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When seeing photos of dead marine life along with oil stained shorelines, the horrible environmental impact of the Gulf Oil Spill is apparent. All over the Gulf States, the economic effects of the spill are just as disastrous, but more difficult to photograph.

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