separate and early effort in carbon storage. A real option analysis, once
accomplished, might lead the DOE to hold that same opinion.
Taking Thought
Though this uncertain world might not be arranged as conveniently as
humans might like, neither is it arranged as perversely as we might fear.
Putting on a clean shirt does not always attract the soup-of-the-day, even
though it might seem to. By taking thought about a future characterized by
uncertainty, ambiguity, and ignorance, those charged with policy leadership
can place more intelligent bets about the future and, in doing so, better per-
suade those charged with political leadership of the actions required.
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Baer, R. Sleeping with the Devil. New York: Crown Books, 2003.
Bodde, D. L., K. Leggio, and M. Taylor. “Speaking Uncertainty to Power.” Oil and Gas Energy
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Hirsch, R., R. Bezdek, and R. Wendling. “Peaking of World Oil Production and its Mitigation.
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page A10.
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The Economist. “Oil in Troubled Waters.” April 28, 2005.
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