There is no doubt the world has an energy crisis.
How do we address it. Can alternatives be found. Is it worth investing in energy sectors who will be tapped to fill the power vacuum. While there definitely are negatives, there may be positives as well. Good opportunities for energy based start ups. New inventions and ideas in that area.
In woodland and rural areas, I'm wondering if wood gas (biogas) might make a comeback as it did during World War II fuel shortages.
I can't claim to have much experience with steam engines, they could be alternative energy solution with the best longevity due to many having lifespans of 50 to 100 years and needing only a fuel source and water.
Could solar cookers become an emerging trend?
There are so many inventions and ideas out there for possible replacements for crude oil. With markets being driven by necessity and demand, I wonder if we'll see inventors begin to focus on these areas to make breakthroughs in energy sectors.
Topic: Energy, the driving force of any country being scarce gives way for inflation - page 2. (Read 206 times)
March 23, 2022, 06:23:41 PM
March 23, 2022, 04:40:50 PM
Seriously the effect of oil increase is reaching every country. There is need for diversification of energy and oil especially the dependence on oil.
This cannot be more loudly said, the current energy situation around the world is an eye opener that our over dependence on oil for energy is beginning to fail us woefully. It is up to both the developing and developed countries of the world to begin to seek energy alternatives in other renewable sources and most importantly independent sources. Independent alternatives in the sense that every country begin to harness the available renewable energy available to them. If this has been the case, oil scarcity driving inflation would not have be very exponential. The effects would have been minimal. 
March 23, 2022, 04:04:39 PM
Developing Countries will thrive a little in this times, not to go too far, Nigeria for example had DStv increasing it's price of subscription for a month already, this should be due to lack of enough energy for electricity and increase in price for gas.
Also got to pay double of what I do pay for transportation today.
Developed countries will now have to pay in rubble's so as to get gas, I don't know how true this is though, but my mate told me lately.
Russia are chiefly heading the supplies of energy and gas, bit since the supplies are reduced the price has to go upwards.
Also got to pay double of what I do pay for transportation today.
Developed countries will now have to pay in rubble's so as to get gas, I don't know how true this is though, but my mate told me lately.
Russia are chiefly heading the supplies of energy and gas, bit since the supplies are reduced the price has to go upwards.
March 23, 2022, 04:03:07 PM
Developed countries are feeling its impact while developing countries are probably going through some really hard time now.
Seriously the effect of oil increase is reaching every country. There is need for diversification of energy and oil especially the dependence on oil. Oil producing countries are planning to increase supply but then it won't have much positive effect on their economy because it works like chain. When output of Oil increases, the proceed is also used to import what is needed for the country with the effect of the oil increase. Sometimes I wonder if the world is dependent on oil. Among every natural resources, increase in price of oil causes adverse effect on economies.
March 23, 2022, 03:46:18 PM
Oil prices are through the roof!! The supply of energy has been drastically cut leaving demand exponentially high. Energy demands of any country,when not being met definitely results in inflation and a sharp decline in the standard of living.
Energy the life force of a nation affects every aspect of the workings and growth of the nation and when scarce increases the cost of manufacturing, producing, nothing is spared.
Developed countries are feeling its impact while developing countries are probably going through some really hard time now.
Energy the life force of a nation affects every aspect of the workings and growth of the nation and when scarce increases the cost of manufacturing, producing, nothing is spared.
Developed countries are feeling its impact while developing countries are probably going through some really hard time now.
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