What are your thoughts on alternate energy sources

Reference no: EM13925107

You have completed reading a report by a recognized oil expert, who has indicated that crude oil prices will increase sharply over the next decade due to several factors such as increasing global demand as well as the increasing cost of oil extraction as the oil firms are forced to drill deeper and in harsher climates to seek out new reserves. If oil prices rise sharply, identify what would be the knock-on impact on other industries. List the industries that would be impacted favourably and unfavourably. What are your thoughts on alternate energy sources? Please explain your views.

Reference no: EM13925107

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