In the Early Part of 1998, Crude Oil Prices Fell

question 123

Essay

In the early part of 1998, crude oil prices fell to a nine-year low at $13.28 a barrel. Falling crude oil prices were due in part to technological advances that made locating reservoirs and extraction cheaper. What impact will these lower crude oil prices have on the price of gasoline?

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Definitions:

Stress

A physical or emotional response to external or internal pressures, often characterized by feelings of tension or strain.

Victim-Blame

The tendency to blame the victim of a crime or misfortune, suggesting they are responsible for their own suffering.

Sexual Assault

An act in which an individual is coerced or physically forced to engage in a non-consensual sexual act, or any non-consensual sexual touching.

External Factors

Elements outside an individual or system that influence and affect outcomes and performance.