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Article: A fuel of the future: energy security, high crude prices and environmental issues are pushing the search for alternative fuels. GTL is one solution.( gas-to-liquids fuel)
- Article from:
- MEED Middle East Economic Digest
- Article date:
- March 31, 2006
- Author:
CopyrightCOPYRIGHT 2006 MEED Middle East Economic Digest. All Rights Reserved. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The goal is ambitious. By 2020, Sweden will be fossil fuel-independent, according to the country's Prime Minister Goran Persson. The plan would see the whole economy switch over to renewable energy sources in response to a threefold threat: global climate change, the economic impact of rising crude oil prices and warnings by some that world oil production may have peaked.
Sweden is not the only country seeking to rid itself of dependence on fossil fuels. US President Bush in his State of the Union address on 31 January declared the launch of a wide-ranging energy programme aimed at cutting oil imports from the Middle East by more than 75 per cent by 2025 and ...