An increase in the price of oil is also a signal to oil suppliers to invest more in exploration, look for alternatives, and to increase recycling.

Question

Quizplus · Accepted Answer

An increase in the price of oil makes exploration and alternative sources more economically feasible, leading to increased investment in these areas. Additionally, it may also incentivize suppliers to focus on more efficient and sustainable production methods, such as recycling.

An Increase in the Price of Oil Is Also a Signal