With oil prices approaching the symbolic threshold of $100 a barrel, the world is headed toward its third energy shock in a generation. But today’s surge is fundamentally different from the previous oil crises, with broad and longer-lasting global implications. …”This is the world’s first demand-led energy shock,” said Lawrence Goldstein, an economist at the Energy Policy Research Foundation of Washington. (New York Times, Friday, Nov. 9)
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FEE Timely Classic
The Sustainable–and Young–Hydrocarbon Energy Age by Robert L. Bradley, Jr.