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Oil is important to the economy because people have to use oil in their daily lives. For an example, people use their cars for transportation their car runs on iol also know as petroleum.
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How is oil important to Venezuela econonmy?
Venezuela's oil-based economy illustrates the affects of overspecialization. When oil prices are high, its economy is strong. When oil prices drop, its economy weakens.
Why is it important to recycle polymers?
* Economy of methan gas and oil * Avoiding pollution * Economy of energy
How is oil important to Venezuela's economy?
to protest the presidents actions
Why does Venezuela have so much oil?
Oil is important to Venezuela, because it is most of Venezuela's economy.
What Venezuela economy?
Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....
What is Venezuela's economy?
Venezuela's economy is okay cuz they import and export things that are important like gas, oil, fuel,....
Why is Peak Oil bad for us?
When oil runs short the price will skyrocket. Oil is a very important commodity in our economy. The higher the price rises the slower our economy will grow. At some point the economy will shrink. Capitalism does not work on a shrinking economy. Global meltdown will be the consequence - unless we find a replacement for oil by that time.
Why do you think it is important for an oil exporting country like Saudi Arabia to have a seacoast?
It is important to have a seacoast because where are the oil companies going get the oil .Not in lakes, ponds, and rivers and these bodies are water are not deep enough to drill for oil . If a country has no seacoast ,it can not give oil to other countries and if a economy is in oil .It will bring no money for the countries and the economy will fail .
What are the 3 natural resources important in alberta's economy today?
oil,cola,and forestry
How important is the economy than the environmental protection?
After the impact BP's oil disaster had on local economy in the Gulf of Mexico, I would say environmental protections safeguard the economy.
Why was the spindle top important to Texas history?
Its he most oil found at once, and it changed the economy
Why is a strong economy important?
why is a strong economy important
