answersLogoWhite

0

Oil plays a crucial role in the global community by driving economic growth, shaping geopolitics, and influencing energy security. As a primary source of energy for transportation, industry, and heating, its availability and price can significantly impact global markets and economies. Additionally, oil-rich nations often wield considerable political power, leading to complex international relations and conflicts over resources. Environmental concerns surrounding oil extraction and consumption also drive global discussions on sustainable energy alternatives and climate change initiatives.

User Avatar

AnswerBot

1mo ago

What else can I help you with?

Related Questions

How does the 2nd amendment affect your global community?

The 2nd Amendment affirms the right of Americans to keep and bear arms. It relates to the US, and not to a "global community".


How does having a standard way of measurement affect the global community?

It introduces and effects increases in Efficiency.


True or false Fortunately oil prices are rarely affected by global events?

False, global events often affect oil prices. The Gulf War is a prime example of this.


How does crime affect global communities?

Crime affects the global community by putting strain on the system, which directly affects the efforts by world leaders and military forces to maintain societies, cultures, and global expansion.


How does an windmill affect your community?

Wind turbines, used in combination with other kinds of renewable energy, can slow and eventually stop global warming if we also stop burning fossil fuels (coal, oil and natural gas).


Does oil affect the ozone layer?

It does not directly affect it, but it over use of oil does contribute to global warming, and global warming combined with other harming effects on Earth are depleting the ozone layer, so in a way, yes! --Ashlyn <3


What was the role of the US in the emerging global community of the 1980s?

emerging global community of the 1980's


How does ultrasound affect global society?

It doesn't affect global society anyway.


Emerging global community after cold war?

How would you explain the role of the U.S. in the Emerging Global Community


What does it mean to live in a global village?

Global village, is the term used to describe the world shrunk into a village by the means of the different media types, most especially the World Wide Web, making it easy to pass across messages (like the news), thereby making the world become like a single village where people can easily contact each other quicker.


How does teaching affect my community?

how does being a reading teacher affect my community


What is global bank?

something in a community