What was most demanded in the market
during the time of World War II?
Answers
Answer:
Explanation:
After WW II, trends developed in the energy markets that continued virtually unbroken till 1972. The main trend was the strong growth of oil as a percentage of total energy consumed. Not only did oil monopolise the rapidly growing transportation market but it also penetrated rapidly into the stationary energy market. In the second half of the sixties, after the discovery of the Groningen Gas field, pipeline natural gas took a sizable share of the domestic and commercial energy market in Western Europe. This market was mainly fed by gas from Groningen, the North Sea and Russia. Another trend was the steady growth of electricity as a percentage of the stationary market partly based on nuclear energy. Coal was the loser. This rather steady development was upset by the first oil crisis in 1972. This crisis was a political crisis which had little to do with the physical availability of crude oil. Between 1972 and the present, periods of reasonable price stability were interrupted by violent swings in the price of oil and gas. Moreover, during this period the environmental movement became a major influence in the energy field. Notwithstanding the generally unstable market, some new trends developed after 1972 and some old ones continued. Will these trends continue long enough to be useful for making a scenario for the future? The forecaster should not assume that the development of energy consumption in the USA, Western Europe and Japan will continue to be of overwhelming importance. Developments in South East Asia and Eastern Europe should be watched very carefully. There are reasons to believe that at a certain stage in economic development, transportation demand shoots up much faster than economic growth, leading to a rapid demand growth for distillate oil. Of importance is also how will the rapidly developing countries generate their increasing demand for electricity and how will they fuel their industry? There can be little doubt that in the rich countries environmental concern will be a major influence in the energy market. But in developing countries environmental concerns take second place to economic growth. Though political influences are impossible to predict, they will continue to upset forecasts based on trends.
Answer:
Black Market was demanded in market
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