Business: An Oil Crisis: True or False?

Experts answer almost everything you ever wanted to know about energy

Oil prices are up and supplies are down, but people the world over are confused and skeptical about whether an energy crisis exists. If the crunch is for real, they wonder how bad it is, who caused it, where it is leading, and what should be done to cope with it. For the answers, TIME interviewed at length five leading independent oil experts. They are: Morris Adelman, 62, professor of economics at Massachusetts Institute of Technology; Walter Levy, 68, the dean of petroleum...

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