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bloody price increase in petrol as usual..

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13y ago

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Which events was likely caused by demand for oil?

European exploration of the Middle East (study island)


Is the quotation rising oil prices have caused a sharp decrease in the demand for oil a correct statement?

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The quotation is incorrect: An increase in price causes a decrease in the quantity demanded, not a decrease in demand.


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The Oil Spill in Gulf of Mexico was caused by the oil leaking from the Pipelines, it then spills from the ships, then creates smog which is a wet fog in our cities, which it then starts heating up our planet.


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The 1973 energy crisis was caused primarily by a combination of factors, including the OPEC oil embargo, geopolitical tensions in the Middle East, and the increasing global demand for oil. The embargo, led by OPEC in response to Western support for Israel in the Yom Kippur War, reduced oil supply and led to skyrocketing oil prices and shortages in many countries.


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Where can I find demand forecasting reports for crude oil?

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