Word: conservationism
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The warning about the Strait of Hormuz is an attempt to prevent the fighting from escalating to the point where it would affect a vital international interest. Sixty percent of the world's oil flows through the strait, and its cutoff would leave homes without heating oil and factories without...
An example of MR&A's media relations efforts was "The Energy Game," a motley-colored heuristic board game designed to spell out alternative energy scenarios for the United States. "The Energy Game" postulates a total energy demand figure for the year 2000, projecting current energy consumption trends and the...
"The Energy Game"'s solar development limits, coal constraints and long term projections for total energy demand represent MR&A's attempt to model the future of America's energy sector. A 26-year-old computer whiz developed an "end use" model to predict total electricity consumption through the year...
Perhaps the greatest challenge to the economic justifications of the nuclear orthodoxy stems from the possibility of energy conservation. Nationwide debate rages over the feasibility of conservation in the American economy. A much-cited Harvard Business School study suggests the United States can eventually trim energy consumption by as much...
The model's complex logic is exhilarating, but a Catch-22 struck hard. The ease of substitution parameter does not represent a behavioral assumption to guide projections; it is not a figure graven in stone, but an empirical result determined from historical data. Projecting the ease of substitution trend into...