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 Form 4 Geography online lessons on energy

Meaning of energy or oil Crisis

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Answer Text:
The Energy/Oil Crisis
-Situation whereby the demand for oil is higher than the amount that is being supplied leading to high oil prices.
-Usually portrayed as a question of price and supply uncertainties and the rapid depletion of fossil fuels.
-Its root cause is control of limited international resources by few countries and the inequitable pattern of resource distribution.


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