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Global fossil fuel dependence can lead to an increase in oil prices

Chelsea Hayes

in Social studies

1 answer

1 answer

Craig Stewart on October 21, 2018

This statement is true. Fossil fuels such as oil has a limited supply (not the most accessible shops, accessible in the short term are being created by natural processes). Therefore, if the dependency continues to be overwhelming the supply that can be extracted will move to the depletion and any person that requires the resource will end up having to pay more. This will be the result of basic market economy.

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