The "energy equation" is basically the balance between supply and demand. Higher prices are a natural consequence of increasing demand and tightening of the supply/demand balance - no conspiracy theories are needed to understand the problem.
There are only two basic approaches to solving the problem: 1) increase supply and 2) decrease demand. The right answer is to do both.
Increasing supply is a critically important part of the equation - it requires investment in both traditional sources and…
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Posted on July 9, 2008 at 1:22pm — Comments