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Not really, other than waiting billions of years for dead bodies to fossilize into oil again.
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Base will begin to exceed the supply on the above information the demand of noncommunist countries for oil will begin to exceed the supply of oil in about the year?
1900
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.
Does the US supply the majority of its own oil?
No. The U.S. supplies about 40% of it oil use
What is the organization that controls much of the world's oil supply?
OPEC
What happenes when OPEC reduces the production of oil?
If OPEC reduced output, then world supply will fall. Thus, as supply falls, the price will rise, and the profits of oil-producing countries increase. (In a demand-and-supply graph, the supply curve will shift to the left and you'll see the change in price.)
What is the opposite of replenish?
Deplete
How does the body replenish its supply of oxygenated air?
Breathing
Would it be possible for your body to never have to replenish its enzyme supply?
No.
What is a good sentence with the word replenish in it?
I would like to replenish my yard. Farmers replenish the nutrients in their soil by rotating crops. Mosturizing helps replenish your skin. She will replenish her dog's bowl when it is empty. The military replenishes supplies as they are consumed in battle by troops. The forest was replenished by the rainfall. We must find alternatives to oil as it will not replenish itself.
Without food to replenish it the liver glycogen supply can be depleted within?
3 to 6 hours.
Are the minerals endless in the soil?
When we use soil over and over again we deplete the supply of minerals, if you do not replenish the soil then it will eventually lose its mineral supply.
How many times can a sunk spray in a row?
after a full spray it will take up to 10 days to replenish it's supply
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
Rewrite this question oil -out - probably - run - the -when - will -world's -supply?
When will probably the world's oil supply run out
When the oil supply is above the oil burner pump and the pump ans supply would normally be a?
l
How does water's rate of use and renewal limit its availability?
The answer to this is: during the time it takes for water to replenish, use can outstrip its supply. Explanation: Apex
What country have the largest supply of oil reserves in north africa?
Libya has the largest supply of oil reserves in North Africa.
