A global ?energy demand shock? ? compounded by extremely tight world oil supplies, constraints on US natural gas production and geopolitical turmoil ? is putting the US at a ?critical juncture? in its..
A global ?energy demand shock? ? compounded by extremely tight world oil supplies, constraints on US natural gas production and geopolitical turmoil ? is putting the US at a ?critical juncture? in its energy position. Concerted actions by industry, energy users and policymakers are required to ensure energy security and environmentally sound economic growth, according to Daniel Yergin, chairman of Cambridge Energy Research Associates (CERA).
?There's no question that the risks have gone up,? Dr. Yergin stressed during a speech presented at a recent energy industry meeting. The solution, he says, must involve:
Adapting to a new worldwide supply-demand profile
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