Saturday, December 26, 2009

What economic problems can arise from an overdepencedce on oil in the developing world?

please help with that question! i need a little paragraph


thanks!!What economic problems can arise from an overdepencedce on oil in the developing world?
The word ';overdependence'; is tripping me up. What do you mean by that?





People make choices about what they will consume, including gas and oil. If they consume a lot and cannot quickly change their consumption if prices change suddenly or the supply dwindles, then they are dependent on oil, at least until they can switch to some other source of energy.

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