Share this story
Close X
Switch to Desktop Site

Third oil crisis by 1990 seen by energy expert

A third oil crisis is likely before 1990, and petroleum prices may double by the year 2000 - events that could be tougher on America than the Great Depression, a Harvard University energy expert, warned.

Daniel Yergin spoke at a press conference for the new book ''Global Insecurity,'' written by him and Martin Hillenbrand, a foreign affairs expert and former US ambassador to West Germany.

About these ads

Dr. Yergin criticized the Reagan administration's energy policies, citing the President's embargo against the Soviet natural gas pipeline as a blunder that shows the administration's ''spirit of energy isolationism.''

Meanwhile, President Reagan denied reports the administration is considering easing its ban on equipment sales for the Soviet pipeline.

Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.