Relaxed energy outlook masks continuing uncertainties.
The U.S. energy situation has significantly improved since energy first became a national problem 9 years ago. But easing is not to be confused with solving. Many problems remain and in time might even get worse. The assumptions underlying the prognosis of a carefree energy future merit careful continuing scrutiny. Some do not hold up well. Moreover, in part, greater ease in energy is the mirror image of depressed economic conditions. It is reasonable to relax a little but not to relapse.
Landsberg
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