By Guest Column Robert Palmer—— Bio and Archives--January 4, 2010
Global Warming-Energy-Environment | Comments | Back To Full Article
"A weakening U.S. dollar is putting upward pressure on oil prices. The shock produced chaos in the West. In the United States, the retail price of a gallon of gasoline rose 50%, consumption dropped by 6.1% from September to February. Underscoring the interdependence of the world societies and economies, oil-importing nations in the noncommunist industrial world saw sudden inflation and economic recession. The energy crisis led to greater interest in renewable energy and spurred research in solar power and wind power as well as increased interest in mass transit."
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