Solved

After Remaining Flat for More Than Two Decades, Oil Prices

Question 39

Multiple Choice

After remaining flat for more than two decades, oil prices began to rise in the year 2000 because


A) OPEC renewed its embargo.
B) the bursting of the Internet bubble in the U.S. led investors to buy energy stocks.
C) consumption was increasing so dramatically in India and China.
D) new environmental regulations made production of oil more costly.
E) people began to realize that oil would eventually run out.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents