Drought puts pressure on electricity

The water shortage across eastern Australia is now so acute it has begun to affect power supplies, and the country is at risk of electricity shortages next year.

“I think we are in denial, and are going to have brownouts in NSW if we don’t get snow this winter,” a source within the electricity market said.

A Different Era for the Alternative Energy Business

The most accessible deposits of fossil fuel are being rapidly depleted. At the same time, alternative energy sources are being viewed more and more as a worthwhile insurance policy against the risk of depending on the Middle East and other unstable regions for the bulk of the world’s oil and gas supply.