IDEAS home Printed from https://ideas.repec.org/a/nos/ycriat/53.html
   My bibliography  Save this article

Evolution Of The Demand And Supply In Energy Resources

Author

Listed:
  • Silvestru MAXIMILIAN

    () (ULIM, INCE)

  • Corina GRIBINCEA

Abstract

Economic, social and political development of human society in recent decades put to the fore the issue of natural resources available to the earth; scientists are asking ever more seriously the question to what extent these resources can support the economic development in the future, can provide food and survival of a growing population and will be able to contribute to the eradication of underdevelopment. The emphasis of major events – the population explosion, the trend of depletion of natural resources, environmental deterioration, underdevelopment etc. – was and it is still discussed with increasing responsibility by specialists, being drafted a large number of forecasts for a variable duration perspective. The trend of depletion of natural resources is another phenomenon of the contemporary world and that will become, certainly, even more pronounced in the near future. Harnessing the increasing exhaustible natural resources with low reserves and a slow recovery of renewable resources raises acutely the issue regarding the conservation of these resources. In recent decades, there is a tendency to waste energy and raw materials in the society. There are produced goods without an absolute utility, being imposed artificially by advertising or fashion swings and many products are designed in such a way that it takes little to compel the buyer to replace them. The "consumption" civilization is characterized as a "society that throws" the population of developed countries (18% of world population) dispelling waste form 20 to 25% of the material production of the world. Excessive consumption of raw materials and fuel was favoured by their relatively low prices, maintained under the pressure of interests of transnational companies, prices that disfavoured, however, the developing countries. Consequently, consumption of raw materials and fuel turned to the easily accessible resources that have been heavily exploited, partially abandoning some less accessible resources that can be exploited only at a relatively higher price (e.g. coal from Western Europe). A good example of a resource exhaustion which regenerates hard and for a long time is the irrational exploitation of oil and wood from forests of the earth. Wood exploitation has increased especially in recent decades, with the increase in industrial consumption and in other sectors of the economy, reaching over 3 billion m3 and overtaking in a worrying manner the natural regeneration capacity (2.7 billion m3/year).

Suggested Citation

  • Silvestru MAXIMILIAN & Corina GRIBINCEA, 2013. "Evolution Of The Demand And Supply In Energy Resources," ECONOMY AND SOCIOLOGY: Theoretical and Scientifical Journal, Socionet;Complexul Editorial "INCE", issue 3, pages 59-66.
  • Handle: RePEc:nos:ycriat:53
    as

    Download full text from publisher

    File URL: ftp://ince.md/Economie%20si%20Sociologie%20nr_3-2013/8.%20silvestru%20maximilian%20corina%20gribincea/8.silvestru%20maximilian.%20corina%20gribincea.pdf
    Download Restriction: no

    More about this item

    Keywords

    energy; demand; supply; consumption; gross domestic product.;

    JEL classification:

    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nos:ycriat:53. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Сильвия Горчяг). General contact details of provider: http://socionet.ru/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.