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Economics

Coal and Nuclear Power Can’t Substitute for Pricey Oil

(Corrects status of Japan’s nuclear program in the 27th paragraph. This is the second of four excerpts from “The Big Flatline: Oil and the No-Growth Economy.”)

Sept. 25 (Bloomberg) -- About 40 percent of the world’s electric power is generated from burning coal, which is second only to oil in contributing to global energy use.