Question

The price of crude oil takes into account the time and effort that went into creating it in nature.

Answer 1

The crude oil is not fit for use

Answer 2

Crude oil is a naturally produced unrefined petroleum products.It develops in the natural environment without any human activities.

But to produce it in a large scale ,we have to harvest it in the same natural environment which consumes a large time period and human labour works.

The amount of time taken for harvesting and labour needed for harvesting ,decides the price of the crude oil in the international market.