Energy's Future (Excerpt) by Dennis Behreandt April 4, 2005
The world need never run out of energy. In fact, technology and private enterprise are poised to bring us an abundance of energy — if government will just get out of the way.
It's hard to escape the conclusion that America faces a new, and perhaps serious, energy crisis. Home heating costs have risen dramatically, the price of gasoline at the pump is rising rapidly, and the price of crude oil is on the increase. The rising cost of fuel will affect consumers of all goods, as the cost of bringing those goods to market will rise in concert with the rise in the cost of fuel.
At least for now, there does not appear to be any relief in sight, as demand for oil is expected to continue to grow. On March 11, the Paris-based International Energy Agency (IEA) announced its latest forecast for energy demand. The agency expects that global consumption of oil will climb this year to 84.3 million barrels per day, a 2.2 percent increase over the previous year.
Importantly, the world is not running out of oil. The current.... To continue reading the complete article, place an online order for a PDF version of the April 4th issue of The New American, and get instant access to the full-text of this article along with the full-text of all the other articles in the same issue. Similarly, if you place an online order for one or more copies of the print version of the April 4th issue, you'll receive a complimentary link to the PDF version of that issue, also giving you instant access to the full-text of the "Energy's Future" article and all of the other articles in that issue.
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