The U.S. is Running Out of Energy.

Natural gas is in scarce supply. Crude-oil production is winding down. The last nuclear power plant was ordered in July 1973. No meaningful alternative fuels exist. In short, Americans are heading toward their first major energy crunch since the 1970s. The early warning sign: a shortage of natural gas last winter sent home-heating bills spiraling upward. They are expected to keep rising. Higher prices are erasing jobs. The effects will ripple through the economy.

Abundant supplies of crude oil worldwide are no bargain either. Americans are paying inflated prices for gasoline and other petroleum products. The bloated bills will more than...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!