From Chron.com: When crude hit unprecedented highs last summer, consumers reacted by driving less and conserving energy. Then prices began an equally dramatic fall to levels not seen since 2004, exacerbated by the growing global recession.
However, increasing delays in new production projects could create an energy crunch and choke off an economic recovery when demand rebounds, said Richard Jones, deputy executive director of the International Energy Agency, at a presentation at Rice University’s James A. Baker III Institute for Public Policy..... Full Article: Source
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