The first anniversary of the Arab oil embargo occurred last week amid anxiety about the ability of the industrial West to survive its dependence on high-priced Middle East oil. At the same time, two huge studies struck a note of surprising long-range optimism, at least so far as the U.S. is concerned. Their overall conclusion: by 1985 the nation can sharply reduce its reliance on foreign oil and make itself reasonably immune to energy blackmail—and with fewer wrenching changes in living habits than have been generally assumed.
One study is A Time to Choose, a 511 -page book published last week...
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