Monday, April 26, 2010

Oil Reserves

Class today was very interesting, I learned the meaning of demand and supply and as I can recall, demand is the willingness and ability to buy. Supply on the other hand is the quantity of services and goods that are produced. Both, supply and demand affect the oil crisis, one way or another. Picture this, if people did not demand lingerie then there would be none created, people would just be wearing their clothes over nothing, all natural. I also took a true or false quiz in class at thatquiz.org and sadly to say I got most of them wrong. I mean I would've never thought that the answer to "Each country publishes information about its reserves. This gives us pretty good information about future oil production," would be false instead of right. I mean I would have thought that it was right because in order for the world to know whether we truly running out of oil or not we should have published information regarding the reserves. Don’t you think? Personally I think that this would help us prevent from going any deeper into a world without oil.
Source: heatingoil



1 comment:

  1. OMG!!! I got most of the questions wrong as well. By the way, I got the same one you got wrong. LOL I was very surprised to find out all the right answers to my guesses. I never knew so much bout oil reserves but I guess this is the time to learn about oil reserves and our nation. I like your information but I suggest you go back and look at your sentences because I think some of them are missing a few words. I think that you should also do spell check. :)

    ReplyDelete