ii. India has to import crude oil. What problems do you anticipate for the country looking at the given situation? a. The future is bright because the reserves of oil would last only 50 years more. b. The future is bleak because the reserves of oil would last only 50 years more. c. The future is safe and secure because the reserves of oil would last only 50 years more. d. All of the above
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The problems in importing crude oil are:
Imports are very expensive than exports . Rising crude oil prices, but these days crude oil price decreases because of the domination war between Middle East countries and Russia for being main oil supplier which is beneficial for India as well as other countries of the world.
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