Friday, December 19, 2008
Cutting back spending is easy – cutting back gas usage is harder
"In recent years, the UK has become increasingly dependent on natural gas as its primary energy source. This strategy may soon be found to be based upon poor assumptions/perceptions regarding development of domestic and neighbouring natural gas reserves and, in general, regional and global supply capabilities. Here, I present the results of simulations of the UK natural gas supply and demand situation for the remainder of this heating season. The results of these simulations are quite alarming: it appears that there is a significant chance that the UK will run short of natural gas in storage before the end of winter."