Asked by Harish Ravalla on Jul 25, 2024
Verified
When are affordable oil supplies projected to be economically depleted?
A) in about 10 to 20 years
B) in about 20 to 30 years
C) in about 30 to 50 years
D) in about 40 to 90 years
Economically Depleted
A condition where resources, assets, or energy have been consumed to the point of diminishing returns, affecting economic vitality.
Affordable Oil
The availability of oil at a cost that does not adversely affect economic growth and consumer affordability.
- Estimate when affordable oil supplies are projected to deplete.
Verified Answer
JA
Jennifer Aquije
Jul 26, 2024
Final Answer :
D
Explanation :
Predictions on when affordable oil supplies will be economically depleted vary widely due to factors like technological advancements, new discoveries, and changes in consumption patterns. However, more conservative estimates suggest a longer timeline, potentially 40 to 90 years, acknowledging the complexity of accurately forecasting such events.
Learning Objectives
- Estimate when affordable oil supplies are projected to deplete.
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