Day: November 2, 2021

Oil prices increased this fall to territory not seen in seven years. According to experts, a jump in global demand and a lack of spare production capacity could mean that crude oil worth US$100 per barrel could become a reality.
As oil prices increase, the demand for new, efficient technologies drops. The world is now flooded with oil that is no longer profitable. Innovators are scrambling to create Earth-friendly solutions that the world wants and needs.
Oil prices have increased due to the low supply of oil. Prices have been at the highest level since basically 2014, which was the initial big crash that affected the …