Indigenous coal and security of supply
The international prices for oil and gas – two fuels that together account for nearly 60% of total primary energy consumption in Germany – have not only stayed high but in fact are continuing to rise.
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| Indigenous coal and security of supply |
In 2006 oil prices again reached a new record level (nearly $ 80 per barrel in August) and many analysts are predicting that the symbolic barrier of $100 a barrel could well be broken at some point in the near future. Temporary drops in price do not confound this long-term trend. Industry experts have long stopped believing that the current price hike is anything to do with any relatively normal type of price cycle or with short-term shortages on the market, as was the case with international energy markets of the past. What we are in fact witnessing is a structural shift that is indicative of permanent strain and may even pose a real threat to supplies, a situation that could be further aggravated by ad hoc factors such as natural disasters, logistic bottlenecks and political crises.
More details... (German)
Source:
GVSt
www.gvst.de
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