Editorial - Energy form vs. supply

A growing world would benefit from a move by its political and industry leaders beyond wishes expressed in terms of alternative sources of energy. This is not to say leaders should reject wind, sunlight, water movement, hydrogen, and other potential energy sources and carriers now considered exotic. To the contrary, the world needs energy from all sources. But problems arise when decision-makers think of specific energy forms as alternatives to others.Developments this year bring subtle differences into sharp relief. With unexpectedly strong demand, the energy market in 2004 has nearly exhausted its normal surpluses. In its dominant segment, oil, the market usually carries surpluses in st...

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