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Why does the US depend on foreign oil?
In c. 1952 oil consumption in the US exceeded domestic production for the first time.
What is the explanation for the relationship between production and consumption?
between consumption production
Difference between production gains consumption gains?
that in production you sell and in consumption you buy:)
Indian heritage in production and consumption in Indian ethos?
Indian heritage in production and consumption
Disadvantages of oil consumption?
Oil consumption will give you the skitters.
Why did Saddam need oil?
oil=money=power To finnance terrorism
What country leads the world in the production refinement and consumption of petroleum.?
The United States leads the world in the production, refinement, and consumption of petroleum. It has a diverse range of oil production sources, including shale oil, and boasts a significant number of refineries. Additionally, the U.S. is the largest consumer of petroleum, driven by its extensive transportation and industrial sectors. Other major players in the global oil market include Saudi Arabia and Russia, but the U.S. remains at the forefront.
What is simultaneity of production and consumption?
It refers to the idea that the production and consumption of a service occur simultaneously, making it impossible to produce and store a service prior to consumption.
What is peak oil how society economy and personal life will be altered forever in a world without oil?
: A better question would be, "What will happen when the world's oil production peaks?" because the world won't 'run out of oil' for some time. However, production will not be able to keep pace with demand forever. : When the world's oil production peaks, there will be inevitable conflict for remaining resources. As consumption rises, prices will follow and supplies will continue to drop. The rate at which this happens will be determined by what we do now (i.e. investment in alternative energies for transportation) : On a side note: : Transportation right now in the U.S. is responsible for roughly 75% of oil consumption according to nationmaster.com. Total consumption has stayed at around 20.5 million barrels/day.
What role did America's need for oil play in Middle Eastern terrorism?
Oil was one of the incentives to invade the Middle East. With this, came terrorism on our own soil.
Could production and consumption take place with money?
could production and consumption take place without money
Which person studies the production distribution and consumption of goods and services?
An Economist studies the production distribution and consumption of goods and services
