Question

Until the United States is self - sufficient in oil production, what impact do international events have on the price we pay at the pump? Select all correct anwers. -Higher global demand creates increase in price at the pump. -Lack of an increase in proven reserves of oil fields keeps oil somewhat scarce, and prices high. -Disasters at refineries increase price at the pump. -New technologies in alternative fuels offer choices for scarce dollars. -Terrorism and wars near oil fields in South West Asia raise the cost of oil per barrel.

Answer 1

The right answer for the question that is being asked and shown above is that: "Terrorism and wars near oil fields in South West Asia raise the cost of oil per barrel; Higher global demand creates increase in price at the pump; Lack of an increase in proven reserves of oil fields keeps oil somewhat scarce, and prices high."