The Energy Sector

Abstract

Frieman observes that "the world today [1985] is entering the second decade of a new energy regime following the Arab oil embargo of 1973 and the economic shock of the oil price explosion." (185) Frieman sees energy policy closely bound up with energy technology, but concludes that "energy planning has fallen into disrepute, and much of the apparatus for examining these issues is being dismantled. The base of support for R & D in energy-related technology has also been whittled away. The world survived the major economic dislocation of the energy-related shocks of the 1970s, but perhaps not as well as some would like to believe." (190)