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If petrol is no longer needed to produce energy, then demand for crude oil

Economics
WAEC 2022

If petrol is no longer needed to produce energy, then demand for crude oil

  • A. will increase
  • B. will remain constant
  • C. may be limited to chemical industries
  • D. will make producing countries richer
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Correct Answer: Option C
Explanation

The transportation industry is the highest demand for petrol while the chemical industry a close second.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC May/June 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 99995
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 24709