Word: conservationism
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"I just felt that America was not ready for $4 gas and we would see a pause here," he says. "And we are seeing a pause." But even a sustained turn toward conservation in the U.S. wouldn't affect the main long-term drivers of higher oil prices--stagnant production...
Although our economy has thus far dealt with the current oil price shock comparatively well, the United States and the rest of the world still face significant challenges in dealing with the rising global demand for energy, especially if continued demand growth and constrained supplies maintain intense pressure on prices...
"People see a national park and say 'Oh, this is protected.' Well, not completely," says Joy Oakes, senior Mid-Atlantic regional director for The National Parks Conservation Association, "because within those boundaries are holes... and all it takes is one bad development, or one perfectly good development in the wrong...
But with the stabilization of oil prices and disarray of the Organization of Petroleum Exporting Countries (OPEC) came a return to complacency. Americans are in the process of forgetting all they learned about energy conservation. Yet convincing signs—including a recently released repot by the International Energy Agency...
But the world energy market is “likely to remain deceptively stable through the mid-1980s.” the IEA report says. And therein lies the danger, for people and governments will begin once more to neglect the energy issue and ignore pleas for continued conservation. True...