Posted by steve on June 28, 2005
A simulation sponsored by Securing America’s Future Energy and the National Commission on Energy Policy, and involving former government officials, revealed how the US economy, and indeed world economy are vulnerable to oil shortages.
The simulation played out a series of accidents and terror actions which sent gasoline and oil prices through the ceiling, prompting a world recession. The main lessons: even a minor shortfall in oil supplies can crash economies. And there is little preparedness and infrastructure for alternatives.
The main conclusion: reduce dependency on oil before it is too late.
Read the article in US Today by following the link.
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