Thursday, July 23, 2009

Preparing for the coming Economic Tsunami

As discussed in parts 1 though 3of this series, the global demand for energy, and fossil fuels are expected to increase. At the same time, the supplies to meet that demand are declining. We examined how the gap between supply and demand is at risk of becoming too large and making the current economic crisis far worse. Finally we examined how a comprehensive policy that includes increasing U.S. supply and decreasing U.S. demand for fossil fuels can help ensure that we have access to a cost-effective and reliable source of energy for the foreseeable future.

The unfortunate fact is that the U.S. government seems unwilling, or unable to develop a comprehensive Energy Policy that could help prevent this economic collapse. Indeed, many members of the Senate and Congress, as well as the Obama Administration, seem bound and determined to attack our industry and make it all the more likely to create a significant gap between supply and demand. (more)

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