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The End of the Crisis for Now: America Is Awash in Energy

The End of the Crisis for Now: America Is Awash in Energy.

Across America, something unusual is happening on main streets, in suburban strips, and at country stores: workers are lowering the prices on the signs for gasoline.

Veterans of the energy crisis that began in 1973 and has continued, with perturbations, ever since, are trying to get their heads around this enormous reversal of fortune: there is no energy crisis for any fuel in America as winter approaches. That was the message delivered loud and clear at the annual Energy Supply Forum of the United States Energy Association (USEA).

Indeed the main problem, if there is one, is that oversupply is driving down some fuel prices, like for oil and natural gas, which could result in higher prices later as producers curb production.

“Who would have believed it?” asked Barry Worthington, president of USEA.

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Olduvai IV: Courage
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