Growing scarcity of oil is likely to result in:

Question

Quizplus · Accepted Answer

All of the options provided are potential consequences of the growing scarcity of oil. Higher prices are a direct result of increased demand and reduced supply. Increasing competition over remaining supplies is also a natural outcome as entities vie for access to dwindling resources. The use of military force by states dependent on oil imports to secure their supply could also occur as tensions rise over access to these resources.

Growing Scarcity of Oil Is Likely to Result In