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The Intelligence: Life inside a Russian prison

Economist Podcasts

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Efficiency in Fuel Use to Reduce Dependency on Oil

Dependency on oil is a long-standing concern due to economic and geopolitical implications. Transitioning away from oil will not be easy, as it could still pose risks. A viable solution is to enhance the efficiency of oil use by either finding alternatives like electric vehicles or bicycles, or by maximizing the efficiency of current oil consumption. Improving fuel economy standards, as evidenced by the CAFE standard in America post the 70s oil shocks, shows a positive impact in reducing oil dependency.

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