SUPPLY: Legacy of a Fading Crisis

The U.S. was heading into a troublesome energy shortage before Arab nations clamped an embargo on oil exports last October—and it could still have one now that tankers are again unloading Arab petroleum at American refineries. Indeed, unless Americans continue the conservation habits they learned during the embargo crisis and push hard to develop alternate sources of energy, nagging scarcities could persist far into the future.

That is the majority view of Government and private energy experts. So far, it seems to be making only a moderate impression on a public thankful...

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