Register
The most likely reason that oil prices spiked during 2007-2008 was because
21.0k views
4 votes
The most likely reason that oil prices spiked during 2007-2008 was because

User Matthew
by
8.6k points

1 Answer

7 votes
the demand was much, much higher than the supply. Countries like America and China had consumed more oil than was produced. This mean that the price of what little left there was inflated because of the demand.
User Bylijinnan
by
7.1k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.2m questions

11.9m answers

Other Questions

What goal of the constitution was also a goal of the Magna Carta?
is it true or false that after the american revolution conflicts in the northwest territory erupted between remaining british soldiers and native americans
How did world war 1 affect the racial and ethnic makeup of american cities
What was an effect of nationalism in Europe in the early 1900s?
What were the positive and negative effects of Egypt being imperialized by Britain.
Link Copied!