The summer’s record high oil prices and tight supplies raise questions about how much oil is left. Though oil companies are seeking new discoveries, industry veterans agree oil production will hit a peak — though estimates on when vary from 10 to 40 years. Hear NPR’s Steve Inskeep.
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Electricity prices could be decoupled from gas prices by changing how the market works, but ideas for doing so either have not been tested or have problems of their own. In an age of cheap renewables, cutting fossil fuel use, not scrapping market rules, is key to breaking the link.
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