Which of the following will tend to result in more proven oil reserves?
A) rising oil prices
B) development of oil substitutes
C) conservation measures
D) all of the above
Correct Answer:
Verified
Q14: All else equal, when oil prices decrease,
Q15: All else equal, when oil prices increase,
Q16: All else equal, when oil prices decrease,
Q17: All of the following will tend to
Q18: Which of the following will tend to
Q20: In 1973, mainstream sources predicted that the
Q21: Oil price increases encourage oil conservation.
Q22: All else equal, oil price increases decrease
Q23: As oil prices increase, it becomes more
Q24: All else equal, increases in oil prices
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