1) Insufficient supplies; 2) that which is available will become expensive, even unaffordable; 3) the environmental consequences of unbridled energy use will continue, whether the US reduces consumption or not, as much of the rest of the world is still developing; and 4) import dependency – if not for oil, because it will be too expensive to use, then for neodymium from China for wind turbines, or lithium from Chile for electric car batteries, and even coal imports to generate adequate electricity.
All this will have dramatic effects on Americans’ lifestyles.
Unique to the US is a potential trade deficiency when it comes to energy — we don’t have the same rare metal supplies as, say, a China. The rest of the world will have to face rising prices right along with us.
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