Skyrocketing energy prices are placing downward pressure on economic growth throughout the world. There seems to be no relief in sight, with hundreds of millions without access to reliable energy and with global energy consumption expected to grow by 50 percent over the next 30 years. Some would impose energy rationing—or in other words, slow human progress. But with nearly 46 percent of the world’s population living on less than $5.50 per day, slowing human progress is unacceptable. The only solution is more energy and lots of it.
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