POLSCI 3B03 Lecture Notes - Yom Kippur War, Venture Capital, Carbon Sequestration
11 Nov 2013
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Crisis periods that prompted development into alternative sources of energy. Energy crisis yom kippur war / oil embargo. Increase in the amount of oil that is being produced. Slowly an increase in the amount of factors. Peak oil: point at which production will reach a peak and then production will start going down; Volatility in prices with the iraq war. As economies tank, so do the use of oil goes down. Solar energy and wind power go back to 1973: questions around solar energy and wind power during this time. Investment, not much by the private venture capital, but by governments. Government in particular in looking at wind power denmark. German development: not seen a lot of growth in solar energy or wind power until the 21st century, though there has been research funded by the governments. By venture capitalist / later development of wind power and solar energy after patient capital development.
