Why Is the World Unlikely to Ever Literally Run Out

question 200

Multiple Choice

Why is the world unlikely to ever literally run out of oil?

• A) There is an unlimited supply of oil.
• B) As the cheap-to-produce oil gets used up, the price of oil will rise, encouraging conservation and production using more expensive techniques.
• C) The demand for oil is not very high.
• D) As the demand for oil increases, the quantity supplied increases as well.

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Definitions:

Accounting Period

An Accounting Period is a specific time span for which financial statements are prepared to understand and analyze a company's financial performance.