the price of crude oil takes into account the time and effort that went into creating it in nature. True or false ?
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True.......,
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The use of crude oil in the economy, the process of its extraction and inclusion of crude oil for heat and gas generation are some of the reasons why crude oil is so important to any economy.
It is formed due to intense pressure under the earth’s atmosphere and in any case, it would be quite tough to extract crude oil for a very long time once it is consumed.
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