Market for transport fuels in the US will remain subject to diversification

Philip E. Lewis Consultant Houston Michael J. Economides Energy Tribune University of Houston Omobola Ajao Consultant Houston Natural gas and oil from unconventional resource plays, rightly characterized as "revolutionary," will supplement but not necessarily dominate a market for transportation fuel that is likely to remain subject to long-term diversification. Contrary to popular suspicion, moreover, they do not represent existential threats to renewable energy. Historic confusion over the various forms of energy and over their distribution across a range of applications tends to distort analysis in the US. The confusion began in 1973 after the second Arab-Israeli military con...

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