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nirvana33 [79]
3 years ago
5

Disadvantage of the U.S. dependence on foreign oil

Advanced Placement (AP)
1 answer:
timurjin [86]3 years ago
3 0

Way higher national oil prices.

Scramble for exploitation of natural resources.

Lower economic growth. Many inputs rely on oil. If oil prices rise drastically and unexpectedly, stagflation would be a real concern.

High enforcement costs. Canada and Mexico, our next door neighbors, are brimming with oil. We would need to patrol the entire border. That’s expensive.

Rise of inequality

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