IS THE WORLD RUNNING OUT OF ENERGY? EXPLAIN YOUR ANSWER.

The world is vast when it comes to energy but when people discover the benefit of this, We suddenly
abuse the usage in favor of their own benefit. Since the beginning of the discovery of energy known as
the Sun, providing heat and light during the day. Later, Fire was discovered by a lightning strike,
producing another source of heat and light. At first, we people only use the energy in terms of
survivability and an upgrade to our civilization in order to ease the living. But everything change when
different countries started to have their own agenda and goals in prospering their country by means of
the energy. So yes, we will run out of electricity if we continue to rely on the burning fossils to drive
transportation, power our personal devices, control the temperature of our homes, or run our
industries.

COMPARED THE PRICE OF BARREL CRUDE OIL LAST YEAR TO THE PRICE THIS YEAR. WHAT ARE THE
FACTORS THAT CAUSE THE INCREASE ( DECREASE )?

YEAR AVERAGE YEAR OPEN YEAR HIGH

2020 ( LAST YEAR ) $39.68 $61.17 $63.27

2021 ( CURRENT YEAR ) $63.51 $47.62 $75.25

Crude oil prices are determined by global supply and demand. Economic growth is the one of the biggest
factors affecting petroleum product and therefore crude oil – demand. Growing economics increase
demand for energy in general. In short the term “ Supply and Demand Impact “ will greatly affect the
increase or decrease of the price, more demands means more supply and less demand means less
supply but I doubt the demand will be less as the price goes high the impact grows to the people.

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