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Well, if we keep using oil, then the price will keep going up. I think the best possible solution is to start using more alternate fuel sources, then the price of oil will go down with the demand for it. Besides, if we keep using oil, there will be none left, since it is a nonrenewable resource.
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What is oil crisis?
Oil crisis is basically a phenomenon where the prices of oil products boost up because of the increase in world market's price which is caused to a so-called 'decrease' of oil deposits.
What is the Reason of the oil crisis of the Philippines?
corrupt............
What was the 1974 oil crisis?
The Iranian Revolution
What was the source of the 1973 economic crisis?
October 6th 1973 Oil Crisis was a direct cause of the Economical Crisis. OAPEC refused to export petrol to supporters of Israel because of the Yam Kippur War where Syria and Egypt invaded Israel. Basically they issued an oil embargo. Alongside the oil crisis, USA had decided to float the dollar, which was devalued.
What is the price of a barrel of oil?
As of September 1, 2012 the price of a barrel of oil is $96.48. To see the current price of a barrel of oil see the related link below, which gives the current price of oil.
What is oil crisis?
Oil crisis is basically a phenomenon where the prices of oil products boost up because of the increase in world market's price which is caused to a so-called 'decrease' of oil deposits.
What was a significant cause of the 1979 energy crisis that hit America?
The most significant cause of the 1979 energy crisis in America was price gouging. The price gouging was done by the oil companies especially OPEC.
When did The Energy Crisis start?
1973. 1973 oil crisis - Cause: an OPEC oil export embargo by many of the major Arab oil-producing states, in response to western support of Israel during the Yom Kippur War 1979 energy crisis - Cause: the Iranian revolution 1990 spike in the price of oil - Cause: the Gulf War The 2000-2001 California electricity crisis - Cause: failed deregulation, and business corruption. The UK fuel protest of 2000 - Cause: Raise in the price of crude oil combined with already relatively high taxation on road fuel in the UK. North American natural gas crisis
What has the author Andrew Jackson Smith written?
Andrew Jackson Smith has written: 'The probable effects of the Iranian oil crisis on world supply and demand, and possible solutiosn to the crisis'
What are the possible effects of oil price increase?
poor people can't drive cars!
What triggered the oil crisis of the 1970s?
The OPEC oil embargo.
Where did the oil crisis happen?
florida
What were the three crises of 1956?
The three crises of 1956 were the Suez Crisis, the Hungarian crisis and the Oil Crisis. The Suez crisis was a confrontation between Israel and Egypt.
What is the Reason of the oil crisis of the Philippines?
corrupt............
What was the 1974 oil crisis?
The Iranian Revolution
Oil and gas crisis 2006-2009?
There is still a gas crisis we are currently running out of gas
What are examples of heterogeneous solutions?
oil
