"Was it a good idea to spend taxpayer dollars on electric cars in Finland, or on windmills in China? Was it a good idea to borrow all this money from countries like China and spend it on all these various different interest groups?"

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Why are oil prices so low? First, energy consumption growth rates in developing markets have decreased. This is particularly noticeable in China. Second, new technologies are being developed and the shale gas revolution in the USA has taken place

— Kenneth Rogoff