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Zsiga, Dániel

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2 articles of this author have been cited in the European Press Review so far.

Magyar Hírlap - Hungary | 01/07/2008

Ways out of the oil crisis

In view of climbing oil prices, economist Dániel Zsiga outlines alternative energy sources in Hungary's conservative daily Magyar Hírlap: "Solar energy is the most important. ... The capacities of all the electric power plants in the world put together could be replaced by a single huge solar collection farm spread over an area of 600 square kilometres. Such a farm could be built in the Sahara, for example. ... Another equally important source of energy is wind. If the US wanted to generate its entire power supply using wind energy, all it would have to do would be to construct the required power plants in three US states. ... Also worth mentioning is the generation of electricity through so-called tidal power plants on the world's oceans. ... But the drivers of the global economy remain stubbornly passive. It is almost as if nothing short of an economic collapse could make them realise that we cannot afford to wait for the disaster to happen before we take action. This is the 20th century's most important message."

Magyar Hírlap - Hungary | 19/05/2008

Unscrupulous speculators

"What are the hidden causes behind the food crisis? The fact is that the price of energy, which is indispensable for production and transport, is sky-rocketing. ... But what is having even more of an impact is the unscrupulous movement of venture capital. Given that it is now virtually impossible to make sizeable profits in the oil industry and in traditional financial sectors, the financial crisis is prompting investors to invest in agriculture! Investors are buying up production goods and fields and conspiring to keep the price of grain high. ... The solution is to immediately freeze the US and European biofuel programme. That proportion of venture capital which is aimed at making huge profits in the food industry should simply be penalised - even if such a step may appear unrealistic or impracticable in today's world."

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