Answer:
The Industrial revolution is when people start to use non-renewable resources (coal, oil etc.) to power machines. These machines would be used to help with production of goods and move steamboats across any water. This led to pollution in the air and water because non renewable resources are burned as fuel.
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