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Concern for adequate supply of liquid fuel at stable or, at most, moderately increasing prices is at the heart of the energy problem in the United States and most industrialized nations. This concern is aggravated by the concen stable-politically, socially, economically. Thus the threat of an interruptration of crude oil resources in regions of the world that are among the less I tion in the flow of oil from producer to consumer is ever present; so is the potential for sudden and steep price boosts, instituted either to exploit the objectives. short-term inelasticity of demand for liquid fuel or to further political To say that liquid fuel is the most pressing concern is not to neglect energy problem. Indeed, some of them 100m more threateningly without the many other issues that, between them, make up the contemporary obvious means of either averting their emergence or remedying their conse ciated with greatly expanding fossil energy use, particularly coal, and the quences. To name only two; the carbon dioxide problem prominently asso weapons-proliferation problems associated with nuclear energy. But the liquid fuel problem exists now, and in the pursuit of sufficient, affordably priced supplies nations are more likely-and sooner-to plunge
Annual Review of Environment and Resources – Annual Reviews
Published: Nov 1, 1981
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