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:
“Shall we never have done with that cliché, so stupid that it could only be human, about the sympathy of animals for man when he is unhappy? Animals love happiness almost as much as we do. A fit of crying disturbs them, they’ll sometimes imitate sobbing, and for a moment they’ll reflect our sadness. But they flee unhappiness as they flee fever, and I believe that in the long run they are capable of boycotting it.”
—Colette [Sidonie Gabrielle Colette] (1873–1954)
“I am a colored woman or a Negro woman. Either one is OK. People dislike those words now. Today these use this term African American. It wouldn’t occur to me to use that. I prefer to think of myself as an American, that’s all!”
—Annie Elizabeth Delany (b. 1891)
“It seems to me that our three basic needs, for food and security and love, are so mixed and mingled and entwined that we cannot straightly think of one without the others. So it happens that when I write of hunger, I am really writing about love and the hunger for it, and warmth and the love of it and the hunger for it ... and then the warmth and richness and fine reality of hunger satisfied ... and it is all one.”
—M.F.K. Fisher (b. 1908)