Sunday, July 25, 2004

World creeping closer to `oil shock'
Energy crisis could loom, experts sayPolitics, corporate moves are factors

DAVID OLIVE - BUSINESS COLUMNIST

Are we running out of oil? Are we in danger of another energy crisis of the magnitude of the 1970s "oil shocks" that condemned us to a decade of economic stagnation? And with our desultory regard for conservation and alternative energy sources, are we risking ever greater oil dependence on the volatile Middle East?

Yes, yes and yes.

Full story: http://tinyurl.com/5moxt

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