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This system would be successful without having the advance technology like steam engines and other innovative technologies!
Answer:
very interested in something; wanting to do something
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
