The Cost of Natural Resources

As  Hite and Seitz (2016) show in Chapter 4: Energy, the world is in the  midst of an energy crisis as it concerns the rapid use and depletion of  nonrenewable natural resources.

According  to the textbook, “Many experts predict that the largest increase in  demand for oil in the coming years will come from increasingly  industrialized economies with large populations…” (p. 140)

Can  this be offset by measures taken in developed nations to address the  energy–climate crisis? Why or why not? What potential strategies could  be used to reduce the demand for energy in industrialized economies with  large populations?

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