Limits and Alternatives
The principle of supply and demand suggests that as hydrocarbon supplies diminish, prices will rise. Therefore higher prices will lead to increased alternative, renewable energy supplies as previously uneconomic sources become sufficiently economical to exploit. Artificial gasolines and other renewable energy sources currently require more expensive production and processing technologies than conventional petroleum reserves, but may become economically viable in the near future. See Energy development. Different alternative sources of energy include nuclear, hydroelectric, solar, wind, and geothermal.
Read more about this topic: Fossil Fuel
Famous quotes containing the words limits and/or alternatives:
“Yet shall he mount, and keep his distant way
Beyond the limits of a vulgar fate:
Beneath the Good how far—but far above the Great.”
—Thomas Gray (1716–1771)
“Clearly, society has a tremendous stake in insisting on a woman’s natural fitness for the career of mother: the alternatives are all too expensive.”
—Ann Oakley (b. 1944)