Consequently the exploration for and production of oil

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Unlike the 1970s, when world oil prices skyrocketed,P the 1980s were a decade of falling oil prices. From 1981 to 1986 the price of a barrel of crude oil fell from $42 to$15. Consequently the exploration for and production of oil in the world declined. Draw a graph and explain.

Reference no: EM13998515

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