Economic theory would lead us to suspect that deep sea oil reserves would be accessed before those located in the Middle East or on the U.S.mainland.

Question

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Economic theory does not suggest that deep sea oil reserves would be accessed before those located in the Middle East or on the U.S. mainland. In fact, it is typically more expensive and difficult to extract oil from deep sea reserves, making it less economically feasible than tapping into reserves on land. Additionally, Middle Eastern oil reserves are often less costly to extract and more readily available due to their location and accessibility.

Economic Theory Would Lead Us to Suspect That Deep Sea