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Most coal companies were in favor of the Roosevelt administration’s National Industrial Recovery Act, which substituted a producer cartel structure for market competition. Because no one was convinced, really convinced, that the world had reached “peak oil”—that point in time when petroleum reserves grow more slowly than production—and because the oil-producing countries and petroleum companies did their best to convince the world that there was more economic oil to be found. Coming in second for Central America's energy use, at 24.2% is hydroelectricity.

Pages: 623

Publisher: CRC Press; 1 edition (June 27, 2012)

ISBN: 1466508248

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