Other things equal,biodiesel becomes economically viable (as or less costly than using oil) when oil prices reach _____ or more per barrel.

A) $60
B) $80
C) $100
D) $120

Question

Other things equal,biodiesel becomes economically viable (as or less costly than using oil) when oil prices reach _____ or more per barrel.A)  $60B)  $80C)  $100D)  $120

Curtis Doughty · Accepted Answer

Final Answer : B, Explanation :  The economic viability of biodiesel compared to oil varies depending on multiple factors such as production costs, technological advancements, and market conditions. However, historically, biodiesel has become more competitive with conventional oil when oil prices are high. At prices around $80 or more per barrel, biodiesel production and usage have often been considered economically viable or attractive in various analyses, assuming other conditions remain constant. This threshold can change with improvements in biodiesel production efficiency or changes in policy incentives.

Other things equal,biodiesel becomes economically viable (as or less costly than using oil) when oil prices reach _____ or more per barrel.

A) $60
B) $80
C) $100
D) $120

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