The development of a low-cost synthetic fuel is expected to affect the market for crude oil and cause a decrease in the price of oil.

Question

Quizplus · Accepted Answer

If a low-cost synthetic fuel becomes widely available and competitive with crude oil, it could reduce the demand for crude oil and lead to a decrease in its price. This is because synthetic fuels can be produced using renewable energy sources and can be less expensive than crude oil, making them a viable alternative for some applications.

The Development of a Low-Cost Synthetic Fuel Is Expected to Affect