Question
Recently the United States oil industryespecially frackershas experienced a huge decrease in demand while the world price of oil has collapsed. Many oil rigs in
Recently the United States oil industryespecially frackershas experienced a huge decrease in demand while the world price of oil has collapsed. Many oil rigs in the United States and Canada have been shut down (that is, they are no longer pumping oil out of the ground), while others continue to pump oil. Explain why some oil rigs have been shut down while others continue to produce petroleum?
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Why Nations Fail The Origins Of Power, Prosperity, And Poverty
Authors: Daron Acemoglu, James Robinson
1st Edition
0307719227, 9780307719225
