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Q: What were the main crude oil producers in 1940?
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What are the main resources?

Crude Oil?


In what two ways could producers react to reduce a surplus of crude oil?

Producers could reduce the price of oil to remove the surplus of crude oil. They could also form a cartel to adjust production to eliminate the chance of future surpluses. Thanks ChaCha!


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The main fractions of crude oil are gasoline, diesel, jet fuel, and other middle distillates. Crude oil can also be refined to produce products such as asphalt, lubricants, and petrochemical feedstocks.


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To get lots of different oils from the main crude oil you must put it into a fractional distilaltion chamber.


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The main source of plastic is Crude Oil


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What two elements make up crude oil?

Carbon and hydrogen are the two main elements that make up crude oil.


What is the relationship between the price of crude oil and the US dollar?

In short, weakening of the US dollar, e.g., due to the weakening US economy, causes crude oil prices to go up. Strengthening dollar makes the price of crude oil to decrease. It is explained by the Purchasing Power Parity theory, which assumes that the producers of crude oil should get the same price for oil in their own currency, after exchanging dollars they receive for crude oil.


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Crude oil is a complex mixture of hydrocarbons with different boiling points. The boiling point of crude oil can vary depending on its composition, but typically falls within the range of 300°C to 400°C.