Peak oil is the point in time when the maximum rate of global petroleum extraction is reached, after which the rate of production enters terminal decline. As the demand remains the same, the net result is a Crisis.
Is it that the ongoing fuel price rise is associated with this concept?
Try to answer the following question thrice as directed-
(In 250words) 1. Explain the phenomenal rise in crude oil prices. Suggest remedial measures.
(In 150words) 1. Explain the phenomenal rise in crude oil prices. Suggest remedial measures.
(In 20words) 1. Explain the reasons behind phenomenal rise in crude oil prices.
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