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Oil is an international commodity. In other words it is traded in an international scale. International commodities, tend to adjust to international commodity prices. As a result, a country like Pakistan that imports oil from Middle East with low transportation cost is forced to pay the international price for oil.
Wiki User
∙ 13y ago
Wiki User
∙ 11y agoThis is because oil is a nonrenewable resource.
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What are the example of scarce resources?
Example of some scarce resources are Oil, Paper, Gasoline and Land etc.
What are 5 examples of scarce resources?
oil, paper, gasoline, land, and jobs. your welcome!
What are examples of scarce resources?
sabtbir knows u bloody idiot
List 10 examples of scarce resources?
Scarce resources are resources that are becoming more difficult to find. In some cases resources are scarce in one area but not as scarce in another. Here is a list of 10 examples of scarce resources, clean water, land, food, oil, natural gas, phosphorus, coal, scandium, terbium, and minerals.
Why all goods and services are scarce?
All resources are scarce.
Is oil scarce?
This is because oil is a nonrenewable resource.
What are the example of scarce resources?
Example of some scarce resources are Oil, Paper, Gasoline and Land etc.
Are you at war because of oil?
you can be if it is scarce and valuable at that time
What are the key uses of oil as scarce resource?
subtitute of oil in resources that maybe used
Why has oil become so expensive?
It's becoming more scarce in the world.
What are three things that are scarce in today's society?
oil, polar bears and trees
What are facts about south west Asia?
they are very oil rich. Water is scarce
What are 5 examples of scarce resources?
oil, paper, gasoline, land, and jobs. your welcome!
When do natural resources become valuable?
When they are scarce (platinum, gold, diamonds) or when they are about to run out (like oil)
Which natural resources are likely to become scarce in the next hundred years or so?
Crude oil and natural gas are the natural resources that are likely to be scarce in the next 100 years or so.
What is the main difference between a merchant ship and a whaling ship?
The crew on the whaling ship had all the oil they needed for their lamps, while the oil was scarce on a merchant ship.
What countries did the Gulf of Mexico oil spill affect?
the oil spill effected Europe a Lot because the people had a scarce amount of clean water
