The Quest for Energy will dominate the politics of the future
The provision of energy to meet the growing needs of billions of people worldwide is an enormous economic challenge for every nation on earth. Half of the world does not have any form of power in their homes right now, and there is insufficient to meet the ever expanding needs of industry and transport.
The debate on the future of energy is about the use and abuse of oil, gas, coal, nuclear, wind, solar, hydro, tides, ethanol, etc — which is best, cheapest, more environmentally friendly, available and sustainable — and what influence does political and financial power have on all of them.
Have just read “The Quest” by Harvard Professor Daniel Yergin — an excellent analysis of the global energy situation that covers all of the above. Well written, reads like a thriller. It caused me to form the view that it is not possible to understand world economics without having a basic grasp of the impact of energy on the aspirations of humanity.