Buy custom The Future is Renewable
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English
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| Number of pages / Number of words: |
8 / 2034 |
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However, with natural population increase and with the recent and rapid industrialization and modernization of India and China the demand for oil will increase quickly and will soon, very soon outpace the supply. Once the supply and demand ratio tips to far then even new large discoveries could not return things to balance...
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When this happens, the price of a barrel of crude oil will grow unchecked until it reaches unimaginable prices. This will have diverse effects, such as the crippling of transportation, stagnating and failing economies, falling consumer buying power and confidence and falling and failing stock markets...
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General points of the essay
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