Ayush Poddar's Wiki

How did the world avert the oil crisis in 1970s

1 min read

  • It looked like the world is running out of oil
  • We averted the crisis not because we found more oil.
  • We averted the crisis because we built machines that were more energy efficient

Lesson

  • The world grew its “energy wealth” not by increasing the energy it had, but by decreasing the energy it needed

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