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Recent news articles indicate that because of the current high price of oil, fut

ID: 1709834 • Letter: R

Question

Recent news articles indicate that because of the current high price of oil, future availability of oil may be much greater than a few years ago, even though the current rate of use is still increasing (i.e., the greater future availability would not be a result of conservation). How is this increase in oil possible if oil is a non-renewable resource? Can you think of a reason why the recent increases in the price of oil would result in greater future availability of oil even with high rates of use? Where would the additional oil be coming from?

Explanation / Answer

yeah! ill agree with u

currently usage of oil will be very high even the oil is avaliable at high price because of devolpment in rural and urban area people are always using the vehicle to meet their needs and for their proffesion

the oil is an non renewable resource it wont come back after usage for future generation their might be a chance of oil scarcity. this is not at all good .the feature generation have to depend upon electical vehicles which runs on solar energy.recent innovations are started in devolpment of electical vehicles with high efficiency

reason for rate of increase in oil is middle class people will get access to public transportation instead of using their own vehicles'

additional oil will be coming from venezula, canada and saudhu arabia.

each and every country trying to extract oil from ocean and from others