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Explain the effect on the price of oil

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Reference no: EM132271719

Question: Select three from the following list of changes and explain the effect on the price of oil. Also describe what could cause the price to move in the opposite direction.

a. Tax credits are offered for expenditures on home insulation.

b. Another Alaskan pipeline is completed.

c. A ceiling on the price of oil is put into pace.

d. A new, very large deposit of oil is discovered.

e. Buyers in large numbers all of the sudden stop driving large sport utility vehicles.

f. The use of nuclear power suddenly suddenly decreases.

Reference no: EM132271719

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