OP-ED: Missing the Market Meltdown, By Amory B. Lovins, Newsweek, May 26, 2008

While I think the nukes v. renewable choice will end up being a false dichotomy for many emerging markets (they'll end up choosing both, bypassing big nukes for smaller ones), Amory--as always--makes me optimistic about market responses.

Behavior is changing all over the place in response to higher prices.

If we're smart to not assume some rescuing, 1980s-like collapse of oil prices coming down the road, and the Middle East recognizes it can't waste this windfall (in terms of local job creation) like it did the last one, and emerging markets like China act like they know they can't possibly replicate our resource-intensive rise, then this "oil crisis" ends up being exactly what the world needs now.

"Ah, but doesn't this crisis make your entire vision untenable!!!!!???"

Go to the back of the class with that silly nonsense. Crises are not to be wished away, much less avoided.

They are to embraced for what they are: incentive-laden opportunities.

Grand strategy is not crisis avoidance, but crisis exploitation.