Demand, supply analysis Tax credit, expenditure, price, Utility, ceiling price.
Explain how do you think each of the subsiquent affected the world price of oil? (Use demand and supply analysis.)
Tax credits were offered for expenditures on home insulation.
The Alaskan oil pipeline was completed.
The ceiling on the price of oil was removed.
Oil was discovered in the North Sea.
Sport Utility vehicles and minivans became popular.
The use of nuclear power declined.