That cheap gasoline is here to stay has been a belief shared by many in the United States, Europe, and Japan. But it is not the conclusion drawn by the authors of this study. On the contrary, they are unanimous in their judgment that by the year 2000 the West is likely to be far more dependent than it is now on imported oil from the Gulf, a region in which the eruption of conflict - as evidenced by Iraq's recent agression against Kuwait - is likely to send energy prices spiraling.
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