Since 1973 attempts to adjust the structure of the world economy to rapidly rising costs of energy have dominated all other economic issues. This paper argues that the energy transition is closer to completion than would appear from the behavior of oil markets, primarily because many countries at first resisted the necessary changes in domestic prices. Once the energy adjustment appears more manageable, it should be possible to resume progress on...
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INFORMATION
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1981/06/30
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Article de revue
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REP204
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1
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1
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2010/07/10
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Disclosed
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Restructuring the world economy : round II
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barrels per day of oil
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