SUBSIM Radio Room Forums - Economy is bottoming out.

The International Energy Commission IEA has announced warnings that although the demand for oil has dropped due to the economic crisis, it is expected to rise again in the forseeable future next year, and then demanding even more oil than there have been drops in current demand. This could lead to a shortage that is further intensified by the fact that investments into oil production capacities have been cut currently. the result would be exploding oil costs exceeding everything we have seen in the past 18 months.

The consequence, says IEA's chief Tanaka, could be a global economic crisis around 2013 that goes beyond everything we have experienced in the current crisis, and an inflation rate causing additional havoc.

Tanaka demanded a strict focus on investements into oil production capacities, and at the same time to radically refocus energy politics to move towards alternative energies and nuclear energy.

In Germany, the Green party - in an effort to defeat growing calls for ending Germany's embarking from nuclear energy production - launched a project that asked for the population's opinion on the issue. The study now is kept under lock. Since public polls before showed a massive shift of public opinion, featuring two thirds of questioned people expressing to go nuclear again, one can assume that the study did not produce the data the Green party has hoped for, thus they opt for denying reality, and to hide it. - At the same time, almost unnoticed, the last cornerstones of German key competences in nuclear engineering, represented by Siemens, have been sold to the French, without politics having been able to intervene (that'S why they remained silent on it). There is no German corporation anymore worth to be described as a nuclear industry. Future projects - would be needed to be bought from other nations. There were times when German nuclear technology was seen as being the most safe of all international competitors. - I did not have blindly changed to an uncritical stand towards nuke energy, nor do I see it'S future uncritical and only rosy all of a sudden, but I had to realise that we probably cannot make it through the coming 30+ years without it without suffering critical losses. One of Germany'S most prestigious alternative energy projects - the massive support for and building of wind-mills - has been proven to be totally, 100% ineffective in reducing CO2 emissions, die to the intricacies of the complicated energy market and a very badly designed CO2 emission trading system. Also, the demand for energy in the coming years will not drop, despite all Greeen claims to conserve energy, but it will rise. When alternative energies cannot show when they will be able to produce the currently needed ammounts of energy, one cannot forsee them to be able to cope with even higher energy demands.

Secure all stations. Heavy weather ahead.