Club of Rome - "The Limits to Growth" 1972The Dr. Hubbert peak oil theory of 1956 was shown to hold true for the USA in 1973, Club of Rome 1972, how was this incorporated in the economic sciences?The core message of both: a scarcity of raw materials is possible and will occur. The first issue concerning scarcity: not all raw materials will become scarce at the same rate, so are there alternative options? What else could cars drive with? With coal, crude oil, natural gas, biomass or electricity. How can a building be heated? With coal, crude oil, natural gas, biomass, solar energy or electricity. Electricity can be used directly or for a heat pump that draws heat from various sources to heat the building. Electricity can be produced from coal, crude oil, natural gas, uranium, biomass, wind power, hydropower and solar energy.
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