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It is in decline on a worldwide basis.
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∙ 14y ago
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How is the future cost of a barrel of oil calculated?
The future cost of a barrel of oil is calculated by examining projections of how much oil is available as compared to how much oil is being used or is in demand. Prices spike when the demand for oil exceeds its availability, from all sources.
How will the formation of future Pangaea affect the availability of water for your society?
The formation of a future Pangaea will affect the availability of water for society by closing off the access to certain bodies of water.
What does a job mean?
It is referring to the future of job availability. It is an attempt to predict the unemployment rates and what jobs are going to be available in the future.
What is the job availability for a horse trainer in the future?
Very good if you live on a farm
Discount rate in natural resource management?
Discounting means the proceedure by which we find the present value of future benefits. If the discount rate is low then the availability of resources in future is moreIf the discount rate is high then the availability of resources in future is less .ie. faster will be the depletion of natural resources leaving less for future generation
What does a job lookout mean?
It is referring to the future of job availability. It is an attempt to predict the unemployment rates and what jobs are going to be available in the future.
What is the future of oil trading?
Unless oil become extinct, oil trading will likely continue indefinitely. An oil future is a type of investment in which someone speculates whether the price of oil will rise or fall. It is a type of future contract in which both the buyer and seller agrees in advance on the price the buyer will pay for the future oil.
Which company has slogan'conserve oil for future'?
Indian Oil
What is oil crisis?
Oil crisis is basically a phenomenon where the prices of oil products boost up because of the increase in world market's price which is caused to a so-called 'decrease' of oil deposits.
Who determines the price of oil?
Commodity traders determine the pricing of oil commodities. They bid on future contract, which are basically agreements to buy or sell oil at a certain date in the future for a price.
Why should US citizens be interested in the actions of OPEC?
OPEC influences the price and availability of oil and gas.
What is the crude oil strip?
future price
