November 14, 2012

The Real Energy Crisis is Slow Growth

James Greenberger, Energy Collective


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Five years ago we got the energy crisis wrong. Predictions of peak oil and declining sources of petroleum supply convinced many of an impending geologic and strategic crisis: the world was physically running out of recoverable oil and the remaining sources of significant supply were declining in number and located in politically unstable areas. This crisis drove major investment into advanced batteries and electric vehicles, which were seen as the best and most flexible way to substitute other fuels for petroleum.

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TAGGED: Oil Production, Energy Investment, Oil Prices, Energy Crisis, Energy Growth

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