In this episode, we discuss the factors affecting energy supply.
Energy supply is influenced by a combination of economic, technological, physical, and political factors.
Economically, the cost of resource extraction and volatile global prices impact availability.
Technologically, the ability to extract and process resources, alongside infrastructure limitations, plays a crucial role.
Physically, the finite nature of fossil fuels and the uneven distribution of natural resources worldwide constrain supply.
Politically, stability, governance, and international agreements can either facilitate or hinder energy development and usage. These interconnected elements collectively shape the energy landscape of nations.
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