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Sunday, July 6, 2008

Energetic

The Economist has an excellent survey on the future of energy in their 21 June issue. As usual with their surveys, the writing and research are solid.

It won't be easy to move away from fossil fuels, but this survey gave me hope that it is possible to significantly reduce consumption of oil in the next 20 years. It happened the last time there was a tripling of the oil price, so it stands to reason that a similar transition to a less oil intensive economy and society is probably on its way. This time, it will be more permanent.

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