Europe and North America, we are told, are less dependent on energy-intensive heavy industry than in the 1960s and 1970s. It seems we squeeze more GDP out of a barrel of oil than in those benighted days.

The Honourable James Buchan born 11 June 1954 is a British novelist and journalist. He was educated at Eton and Magdalen College Oxford and began his career as a Financial Times correspondent writing from the Middle East Germany and the United States. Biography
Buchan is the son of William Buchan 3rd Baron Tweedsmuir and grandson of John Buchan 1st Baron Tweedsmuir the Scottish novelist and diplomat.