0
What else can I help you with?
Does Hawaii have oil wells?
No Hawaii has no oil wells and no fossil fuels.
International oil prices are determind by?
Oil prices everywhere are determined by supply and demand through a market exchange like the NYMEX. It is done similar to how stock prices are done. When the supply is high relative to demand, people bid lower for a barrel of oil, when the demand is high relative to supply people bid higher for a barrel of oil. Speculators can also play in this game bidding up the cost of a barrel of oil. Interestingly enough, far too many people blame the oil companies when prices are high. While this can be partially true, since oil companies can withhold supply from the market, it generally does not hold true because there are many many different places where oil can be retreived. The supply of oil to the market can also be determined by the price. Oil companies will only supply so much oil at a given price before they will not supply any more unless the price is bid higher. Where the bid price equals what the oil companies are willing to supply you have an equilibrum price.
Why is the price of oil so high?
The price of oil can be attributed to supply and demand. Oil is a non-renewable source of energy. It is found naturally and if the earth hits the limit, it will stop producing. The demand for oil continues to rise as people need it to power their homes and vehicles. Because the demand is so high, and the supply is limited, this creates a higher price for oil.
How do you stop your joints clicking?
Try some high dose omega 3 - high dose cod liver oil tablets for your clicking joints - take them for at least a month - but probably 3 and you should notice your joints become more supple!!!
What is the importance of muslims countries in the world?
Lots of Middle Eastern, Islamic nations have a high supply of oil which can be traded.
What dose it mean when you have high oil pressure?
High oil pressure typically indicates that the engine's oil is circulating effectively but may also suggest that there is an obstruction or excessive viscosity in the oil system. It can be caused by a clogged oil filter, a malfunctioning oil pressure relief valve, or using oil with a higher viscosity than recommended. While it can mean good lubrication, consistently high pressure can lead to engine damage if not addressed. It's important to monitor and resolve high oil pressure to ensure proper engine function.
What car does a purolator L15313 fit?
Purlator l15313 oil filter what dose it
Does acne contain oil?
acne dose contain oil..... trust me
Why has my Mercedes A160 beeped at me on a couple of occasions how do you add coolant or fill radiator is this beep a high temperature warning?
dose it beep and say hi with a pick of oil can on sreen if so i belive it meens to much oil in car mine dose this alot normally up down hills or when braking when oil moves in engine i was told not to worry about it
Does Canada supply the most oil to US?
I think crude oil and oil is the same thing and if so yes Canada does supply the most oil to the US
Dose Yamaha banshee have oil?
Crankcase oil, gas needs to be premixed
Rewrite this question oil -out - probably - run - the -when - will -world's -supply?
When will probably the world's oil supply run out
