With 3 percent of the world's resources and 25 percent of the world's demand, it is pretty obvious this country cannot drill its way to energy security.
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Nationality: American Type: Politician Born: January 10, 1938 |
A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output.