With the oil shock of the late 2000’s around the time of the financial crisis we saw how a bubble in one part of the economy could compound adjustment effects from energy resource constraints.  The markets were already in flux and constricting with raised prices, and then market manipulation from the housing market hit.  Getting back up to $150/barrel of oil would be a shock for many nation’s fragile economies, yet the market often finds substitutes quickly, or pushes sluggish innovation along to get new product at a cheaper price (for energy) so that it is ‘shelf ready’ for industrial use, if not also residential. For Alaska, it may be further research and development into new styles of wood use for heat processing!

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