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:

Organic Economies

Economies that are characterized by natural, sustainable, and ecological principles, often in contrast to industrialized or mass-production systems.

Labor Unions

Organizations formed by workers from related fields that work towards protecting their collective interests and improving working conditions, wages, and benefits.

Integrate

involves combining parts into a whole, particularly in the context of including people of different groups into a society in a manner that promotes equity.

Social Facts

Aspects of social life that shape our actions as individuals, such as laws, moral codes, and social structures, according to Emile Durkheim.