The Cost of Natural Resources

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?