It is quite right ordsprog

Security of supply and climate change are what we are worried about. We think security of supply will be a big problem.

It is quite right to say the security of supply is not the same as it was four to five years ago.

Over time these prices will have an impact on supply and demand. In order to achieve security of supply we need to increase investments. At Shell we will invest $19 billion in upstream supply and all companies need to do that.

Malcolm Brinded

New York must also promote a diversified fuel supply for electric generation. We have had a de-facto policy of having natural gas as the only acceptable fuel source for twenty years. Excessive reliance on any one fuel leads to problems with price and supply security, as is now occurring with natural gas.

Standards on this technology are still kind of emerging. Our supply chains are part of the global supply chain, and security is part of global commerce. Before 9/11, there were security issues with imports and exports. Long after people are thinking about 9/11, they will still be there.

Europe needs a clear and more collective and cohesive policy on security and energy supply. Today the issue of security of energy supply is only really considered at a national member-state level, but in reality we need a much greater European-wide approach on this issue.

Andris Piebalgs

Ensuring the security of our global supply chain is critical to homeland security since maritime trade accounts for over 25 percent of the U.S. GDP (gross domestic product) and many experts believe that terrorists are likely to exploit the inherent vulnerabilities of the global supply chain for their nefarious purposes,

Ensuring the security of our global supply chain is critical to homeland security since maritime trade accounts for over 25 percent of the U.S. GDP (gross domestic product) and many experts believe that terrorists are likely to exploit the inherent vulnerabilities of the global supply chain for their nefarious purposes.

We think it is. After years of industry consolidation and tight financial conditions, uranium exploration has suffered and there will be a time lag, perhaps as long as five to seven years, before the supply side can fully respond. Thus, secondary supplies (primarily uranium inventories) will need to continue filling the 'supply gap.' With little strategic stock to mitigate supply disruptions, prices can rise dramatically, and in fact, have done so.

We expect severe price spikes over the next two years following years of underinvestment by the industry, unexpected demand shocks from China and other emerging economies, supply disruptions to existing mines and a lack of response in bringing on new supply.

Diversification of supply is a critical component of the natural gas equation. There is no question that Europe and European gas supply security are highly dependent on supplies of natural gas from Russia.

Security is hard -- we have been doing this for 15 years. We have over 10 patents that are focussed right at security. We think we have a pretty significant lead in what we are doing. Security is not something you do part-time.

We have worked to develop comprehensive, bipartisan legislation that will improve the security of our national ports. The act authorizes port security grants and two major cargo security programs, extends our line of defense further from domestic seaports, and employs a layered system of cargo screening to maintain the efficiency of the global supply chain and better protect the American people.

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