The deregulation of oil pricing will
A)increase our dependence on foreign oil.
B)make the United States energy independent by the year 2000.
C)decrease domestic production.
D)decrease the extent of the nation's dependence on foreign oil.

Question

Quizplus · Accepted Answer

Deregulation of oil pricing would lead to increased competition and market efficiency, which would likely increase domestic production and reduce the extent of the nation's dependence on foreign oil. However, it would not completely eliminate the dependence on foreign oil.

The Deregulation of Oil Pricing Will