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Article: Renewable institutions.(Commentary)(Farm Credit)
- Article from:
- Arkansas Business
- Article date:
- October 8, 2007
- Author:
CopyrightCOPYRIGHT 2007 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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HOW COINCIDENTAL IS this? As I write this piece, the Associated Press reports: "Oil prices hit record for seventh time in a row: Inventory drop, refinery woes to blame." Well, unfortunately, it is not very coincidental at all. Headlines like this have become typical here in the early years of the 21st century. It's becoming clear that the era of cheap energy appears to have gone out with the change of the millennium.
The reason for high prices is not just inflation or that it's harder to find and lift oil out of the ground. There are many other causes, such as hurricanes, rebel uprisings in far-flung countries like Nigeria, labor strikes in Venezuela or just ...