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As Switzerland has ample hydropower resources, electric trains (as opposed to those driven by steam locomotives or diesel) could be run on domestic energy resources, reducing the need for coal imports. [55] [56] The 1973 oil crisis also led to a shift in energy policy in many places to become (more) independent of fossil fuel imports.
A more modest scenario, assuming a slower rate of depletion or a smoother transition to alternative energy sources, could still cause substantial economic hardship such as a recession or depression due to higher energy prices. [citation needed] Inflation has also been linked to oil price spikes. However, economists disagree on the strength and ...
The depletion of resources has been an issue since the beginning of the 19th century amidst the First Industrial Revolution.The extraction of both renewable and non-renewable resources increased drastically, much further than thought possible pre-industrialization, due to the technological advancements and economic development that lead to an increased demand for natural resources.
A simplistic interpretation of the ratio has led to many false predictions of imminent "running out of oil" since the early years of the oil industry in the 1800s. This has been especially true in the United States, where the ratio of proved reserves-to-production has been between 8 years and 17 years since 1920.
This separatist sliver of Moldova will run out of energy in three weeks, the head of its Russia-backed government has said. Once proud, go-it-alone and richer than their neighbors in Moldova ...
Peak world oil scenarios by the US Energy Information Administration (2004) The United States Energy Information Administration projects (as of 2006) world consumption of oil to increase to 98.3 million barrels per day (15.63 × 10 ^ 6 m 3 /d) in 2015 and 118 million barrels per day (18.8 × 10 ^ 6 m 3 /d) in 2030. [57]
Recession fears for 2025 are fading fast, with market models and economist forecasts signaling a slim chance of economic contraction. But with optimism running high, could markets be misreading ...
A run-of-river plant may ... renewable energy resources, including solar energy, ... for higher energy efficiency; Fossil fuel phase-out – Gradual ...