Sudden global energy crisis

Sudden global energy crisis

Wild Card's progress: advanced

This Wild Card came from: 

The source of this Wild Card: 
Ivo Vasa, Nuclear Research Institute Rez, Czech Republic

Likelihood timeframe and scenario features : 

Wild Card's description 
The oil crisis in the 1970s demonstrated how serious the impact of a sudden black-out of oil supply on advanced economies can be. As a result, e.g. France oriented its energy sector to be sustained by a nuclear energy. If this crisis happened again, it would still show persisting dependence of the advanced economies on oil and gas; it would yet show the potential of a nuclear energy, as it is relatively insensitive on development of fossil fuels prices at the world market.