What do we mean when we talk about an energy crisis? Is that an appropriate term for framing this discussion?TAGGED: energy economy
Shah: The word energy is very confusing. Energy includes both transportation fuel—which I think people are very concerned about—and coal, solar, wind, and other things that produce electricity. People confuse the two, and while we have fast-rising prices of electricity—5 percent rate increases per year since 2000—the fourfold increase in oil prices since 1999 is a much bigger problem in terms of economics than our electricity problem. . .
, alternative energy
, domestic oil production
, U.S. energy policy
, Bloomberg Businessweek