Prior to the so-called "energy crisis" of 1973, energy played a relatively minor role in our daily lives.and received limited attention from economists, planners and politicians. As a means of production its share in the total cost of the average product was considerably less than 10%. After the decisive events of 1973/74 however, all of this is changed. Energy now affects our daily lives more than anything else; it is the most current issue in business circles, the academia, the civil services and politics; and it is likely to become the most important factor in a potential international...
Prior to the so-called "energy crisis" of 1973, energy played a relatively minor role in our daily lives.and received limited attention from economist...