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Factors of Oil Demand and supply (Economic Aspects (Demand of oil, Price…
Factors of Oil Demand and supply
Economic Aspects
Demand of oil
Price of oil
Finite supply
Domestic supplies
Increases in extraction costs
Investment in alternatives
Transportation costs
Social Aspects
Human cost of protecting supplies
Public Image
Public health
Exploitation of workers and countries :
Environmental Aspects
Greenhouse effect and global warming
Oil spills
Damage caused by extraction
Political
International relations
Political instability
Emissions quotas
Carbon tax
NGO pressure
