Energy editorial

Energy quotations, published in Business Week magazine
Professor Bob Ayres, INSEAD "Either we freeze in the dark, or we boil like a frog in boiling water. It's a very difficult choice."
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Energy sector innovation, published on www.euinnovation.org
By 2020 the European Union expects to reduce its energy needs by a massive 315 TWh (terawatt hour) per year, thanks to new measures to combat unnecessary energy use. One terawatt equals a million million watts, and 315 of them is more than Italy uses each year.
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Middle East oil & gas, published by Ernst & Young
With almost two-third of the world's proven oil reserves, the Middle East has no shortage of fuel and will not run out for many decades to come. Yet the investment rationale of many countries in the region is to diversify away from this superabundant supply and thereby limit the danger of economic hardship in future. It is also a means of capitalising on good fortune, by creating further wealth from the proceeds of oil production.
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Energy report for Ernst & Young
There is a strong possibility that carbon will become a parallel currency to money in the future. Companies will need to operate within a carbon cap, or else pay for the excess they produce. This calculation will include carbon emitted through the supply chain, so it is critical that companies quickly come to understand the implications of both their own and their suppliers' and partners' carbon footprint.
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Mega utility M&A in prospect
A new wave of ultra-large cross border utility deals is in prospect, according to new research from KPMG. Despite a 'frenzied' year, the sector has some way to go before the current cycle of dealmaking reaches its peak, as a clutch of major global states and regions continue to deregulate their energy markets.
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Moving from oil into gas
"Gas is always more dangerous than oil," says one SBM engineer, "because you can't see it. You can always see oil."
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