Saturday, August 09, 2008

Denmark's Response to the 1973 OPEC Oil Embargo (vs. US')

From Thomas Freidman of the NY Times: "Unlike America, Denmark, which was so badly hammered by the 1973 Arab oil embargo that it banned all Sunday driving for a while, responded to that crisis in such a sustained, focused and systematic way that today it is energy independent."

From my new book: "In 1973, Denmark was 98% dependent on foreign oil. As a result of the tremendous economic shock to their economy, they (collectively) made a decision to do something. As a result, today, they are a net-exporter of renewable energy technologies. This is like the frog in the water: When a frog is thrown into boiling water, it will jump out. If a frog is in lukewarm water that is slowly brought to a boil, it will stay in the water and die. I fear the U.S. was in lukewarm water in 1973, while Denmark was thrown into boiling water. Perhaps, now we realize we are in boiling water and will collectively make the bold decisions and take urgent action to make a significant difference to solve our energy problems, once and for all."

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