Contents

Energy Crises of the 1970s

Hints of Energy Problems

Fuel Shortages Before 1973

The Energy Crunch Begins

Technological Problems

Limit to Improvements in Thermal Efficiency

Economies of Scale Barriers

Woes with Nuclear Plants

Net Effects

Higher Prices

Customer Unrest

Regulation Unable to Cope

An Unforgiving Economy

Interest Rates Soar

Escalating Construction Costs

Stock Market Reflects Utilities' Woes

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