Friday, November 13, 2009

NYT 11/11/09 As Blackouts Hit Energy-Rich Venezuela, the President Tells People to Cut Back

Venezuela has the largest conventional oil reserves outside the Middle East and one of the world's best hydroelectric systems but it is suffering from electricity and water shortages. Venezuela has experienced six nationwide blackouts in the last two years and numerous poweroutages each day in some areas. Water rationing is being implimented in the capital as well as limits on imports of air-conditioning systems, the building of new gas-fired power plants and rate increases for consumers with high energy bills. With oil revenues declining and the economy slowing the problems will appear to prevail for a while. The other plan is to develop a nuclear energy program but there seem to be flaws with the benefits of it. The President is mocking consumption in an effort to reduce use of water and energy. It is hard to imagine a world without consistent electricity but it is soon to be the reality unless consumers reduce usage and different sources are found.

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