The case for drilling oil in ANWR is strengthened when the:
A) price of oil is lower.
B) negative impact of drilling on the environment is greater.
C) price of oil is higher.
D) elasticity of demand for oil increases.

Question

Quizplus · Accepted Answer

The price of oil is a major factor in the economic viability of drilling in ANWR. A higher oil price would make it more profitable for the oil companies to extract oil from the region. Conversely, a lower oil price would make it less economically viable to extract oil, which weakens the case for drilling in ANWR.

The Case for Drilling Oil in ANWR Is Strengthened When