energy.com.pk
News
|
RISING OIL PRICES All predictions now failing and the oil prices are rising and now about to reach 100 $ level. who knows that in market trading if even the customers are buying the oil on +100 $. the reason being given for this enormous rise is the US oil reserves are depleting and therefore customers are ready to purchase the oil at any price available. The future prospects also not very encouraging. All trading is being made on +90 $. OPEC promised to raise its out put but with out any significant effect. for the time being the prices were dipped but risen again on much higher values. the winter is just arriving and nobody knows that these prices will settle at what level. Rising tension between US and Iran is one reason. Some sources are predicting the attack on Iran is imminent. If the condition continues like this who is going to be benefited. Emerging economies and developing will suffer most. Their economy is dependent on energy resources. how can survive and how can they meet their production commitments. In recent months oil surged from 70$ to 92$ and still rising. Those industries which consumes more energy will suffer with maximum. It will lead to rise of inflation shutting down in efficient industries and rising un employment in third world countries. When come to individual the poor will suffer most .High income group will survive and it will not effect on their livings. But the strains coming on poor in third world countries will transform to social unrest and hence will cause instability in the region. Pakistan economy is already under intense pressure. On one hand it has the competitors like China and India giving cut throat fight. Another end it has continuous problem on its western borders draining its resources and causing political chaos. The election is just three months away and the results expected are the change of government to Pakistan peoples Party. Pakistan exports and its all economic activities are dependent of uninterrupted energy supplies. for its energy requirement maximum share still of furnace which is imported from Middle East countries. Rising prices will bring a wave of inflation. Already many textile mills closed down due to higher production costs which make it un economical. further increase in oil prices will definitely bring more strain on existing working units. In election environments it will be definitely a difficult decision for Prime Minister Shaukat Aziz to authorize the fuel prices in Pakistan. But he has no other option. How far the Government continue to absorb the fuel bills eventually it has to increase the prices. And again who will suffer simply the poor Today only there are news that Pakistan is going ahead 2000 MW power plant based on furnace oil. Now we have to look for the future and sustainable economic activity. Development of Renewable energy resources are not moving ahead beyond symposiums and conferences or in other crude words lip services. Pakistan's future as economic leader in the region is at stake if sustainable cheap energy resources are not developed on priority. So the solution is not so simple. Renewable yes . The hurdles should be identified and removed on priority. One area which we want to emphasize is the conservation of energy. We have to persuade all concerned that all possible measures to be taken to save energy so it can be used for future. Energy efficient plants and machines are the recipe for our survival
|
Wartsila exploring European market for Bio-mass plants Pakistan Iran agree on gas pipe line project Asian Development Bank Considering 250 Million $ loan for small hydro projects in Pakistan Pakistan Coal reserves should be explored MAN launches first four stroke common rail engine
ECNEC APPROVES ENERGY PROJECTS
TECHNICAL PAPERS Prospect of renewable energy in Pakistan The Hijra Calendar&sighting moon Our food according to our faith Effect of rising oil prices on Pakistan Coal fired power plant feasibility Report Feasibility Report for Urea Plant Power Generation on Solar Energy Power Plants operation on Furnace oil Osmotic Power Plants being built ENERGY BLOG Human being is the only creation of Almighty Allah who was endowed almost all types of Kinetic & Potential Energies. By Mr. N.A.KHAN Write to Mr. Khan l nasirkhan54@gmail.com
|
|
|
|
|
For all correspondence please email admin@energy.com.pk. All rights reserved 2007 This web site is managed by professional engineers. We do not request for any personnel identity and neither send any email notification. our aim is to highlight and promote energy issues in Pakistan and we provide free consultancy services to genuine operators and developers
|
|