Economides: Presidential Candidates Clueless on Energy

It is certain that the United States is in for an energy price and supply shock the likes of which we have never experienced or imagined. While high prices, to a reasonable extent can be tolerated, hell will break loose if massive supply disruptions emerge. We are much closer to them than people think. Those who think that we can conserve ourselves to energy independence need not read any further. They are vastly wrong and it is pointless to argue with them.


The first proof of trouble to come is that none of the three US presidential candidates, Senators John McCain, Barack Obama and Hillary Clinton, have paid much attention to the fact that oil, gas and coal — the sources that provide 87% of US energy