Still Stuck over a Barrel

A new warning that the global energy crisis is far from finished

The nightmare is both grim and grimly plausible. A ruinous new energy crisis once again doubles or triples oil prices. Economies are battered, and governments around the world topple. In the U.S., business goes into a slump that can be compared only with the Great Depression.

That chilling prospect is one of the possibilities foreseen in Global Insecurity: A Strategy for Energy & Economic Renewal (Houghton Mifflin; 427 pages; $15.95), a sometimes frightening, but still generally...

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