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We study Economics because we live on a planet that does not provide us with enough resources to give everyone everything that they want.
We study Economics because we live on a planet that does not provide us with enough resources to give everyone everything that they want. One of the power resources that is scarce is OIL that we use for home heating, for electricity (to burn and create power) and for fuel and lubricants for our cars.
DISCUSSION QUESTION
What are some of the realistic alternatives to OIL for: a) home heating and hot water; b) for electricity; and c) for fuel and lubricants for cars? How do you think we can achieve independence from OIL over the next decade?
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