Ask Question
7 May, 21:37

The most likely reason that oil prices spiked during 2007-2008 was because

+4
Answers (1)
  1. 7 May, 23:24
    0
    the demand was much, much higher than the supply. Countries like America and China had consumed more oil than was produced. This mean that the price of what little left there was inflated because of the demand.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The most likely reason that oil prices spiked during 2007-2008 was because ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers