Buy custom The Supply And Demand Of Energy And Oil
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| Topic: |
Business
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| Number of pages / Number of words: |
10 / 2676 |
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China is having the biggest influence on this changing demand. They have become a major source of manufactured goods and are making large strides to increase China’s place in the world market. Manufacturing sectors in general, require the most energy consumption. China acquires a lot of this energy by burning oil...
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Likewise, countries that are less impactful as of yet, but will likely be effectual in the future, such as India and South Africa, will also increase the demand for energy and oil.
This rightward shift on demand greatly affects the individual consumers. As oil prices continue to rise, there is a greater effect on individual incomes...
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