In this week’s readers’ Q&A session, Amrita Sen, oil analyst at Barclays Capital, answers your questions.
In the first of two posts, she discusses whether speculation is driving up the oil price, whether such an increase could trigger another recession and when “peak oil” might occur.
Later, she will discuss drilling in the US, national oil subsidies and growing demand from the Middle East.
(NB – Because of a very high volume of questions, we were not able to tackle every question submitted. Apologies if yours was not answered.)
Next week, Michael Bromwich, director of the US oceans regulator, will be answering your offshore-drilling queries. Email questions to email@example.com by the end of Sunday, April 10th.
But for now, over to Amrita:
A group of MPs have suggested that the UK should introduce a system of energy rationing to deal with what they view as impending energy and climate crises.
Under the proposed system, a set number of tradeable energy quotas (TEQs) would be issued and used to purchase energy, whether through fuel or electricity.
The amount of energy being used would essentially be capped, and anyone wishing to use more than their personal allowance would have to pay a market rate for that.
In this week’s readers’ Q&A session, Jack Gerard, head of the API, the voice of the US oil industry, answers your questions.
In this second of two posts, he discusses peak oil, the potential of natural gas, and what the API’s lobbying achieves.
Earlier, he answered questions on the importance of energy efficiency, why drilling curbs should be eased and where the world will find new sources of oil.
Next in the hotseat is Magued Eldaief, the head of GE’s UK energy business. He ill be answering your questions next Friday, January 21st. Send in your questions for consideration by the end of Sunday, January 16th to firstname.lastname@example.org.
But for now, over to Jack:
In this first weekly readers’ Q&A session of 2011, Chris Huhne, the UK energy secretary, answers your electricity-market related questions.
In the second of two posts, he discusses the cost of emissions targets, the chances of another oil shock and what should happen to the “big six” power companies.
Earlier, he addressed the limits of feed-in tariffs, what will happen to the renewables obligation and how to keep green jobs in the UK.
Next in the hotseat is Jack Gerard, the head of the American Petroleum Institute, who will be answering your questions next Friday, January 14th. Send in your questions for consideration by the end of Sunday, January 9th – to email@example.com.
But for now, over to Chris: