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Business, 26.02.2022 22:40 gallegosarmanni

During the energy crisis of the 1970s, many economists predicted severe shortages in oil and other natural resources. These projections were based on trends that existed at that time. These projections showed consumption of oil increasing much faster than production, and indicated severe shortages by the mid-1990s. These shortages have not occurred. Explain why the projected shortages did not take place

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