ENERGY: Asleep in the Eye of the Storm

The drop in energy demand caused partly by the world recession, as well as the nine-month price freeze declared by the Organization of Petroleum Exporting Countries, has given the U.S. a brief respite from the energy crisis—a few months of abundant supplies and stable, though high prices. The nation should have used this period to plan strategy for freeing itself of its dangerous dependence on foreign oil. Last week it became painfully clear that the nation has instead fallen asleep in the eye of a storm. On Oct. 1, oil prices will almost certainly take another jolting jump, and...

Want the full story?

Subscribe Now


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

Learn more about the benefits of being a TIME subscriber

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