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- W64711110 abstract "The time has arrived when mankind will have to learn to live with higher-priced fuels. The present energy situation is unprecedented, the author feels. ''Consumption is increasing and supplies are decreasing'', he says, and ''for the first time in our history, the marketplace is not providing us a cheaper replacement fuel as oil and gas are exhausted, as it did when coal replaced wood, and later, when oil and gas replaced coal. Prospective new energy sources, such as oil from shale, oil and gas from coal, and solar energy are more expensive than oil. Another way of saying this is that, for the first time in history, marginal costs of energy exceed average costs over the long term. ''Present and postulated future energy resources are then reviewed to clearly point out that an energy ''problem'' does not exist. The word ''problem'' indicates that a solution is possible; that conditions will return to what they essentially had been. This is an impossibility, so a whole new set of decisions are needed; ones not encountered before. (MCW)" @default.
- W64711110 created "2016-06-24" @default.
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- W64711110 date "1977-01-01" @default.
- W64711110 modified "2023-09-26" @default.
- W64711110 title "Energy: policy making in a new reality" @default.
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