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Q: Using the supply-and-demand model explain how Pickens' plan would affect the global price of oil if it were to be successfully implemented. Feel free to further research this plan and other
alternative energy plans. If you were a government energy policy advisor, what would you recommend as an energy policy for the 21st Century? Why?
A: With depleting natural resources and current problems of drought throughout many countries, preservation and conservation would be top of my policies. How about you?
cr7|Points 92|
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Asked 7/16/2012 2:24:31 PM
Updated 1/15/2013 10:23:13 PM
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Using the supply-and-demand model Pickens' plan would affect the global price of oil if it were to be successfully implemented in a way that oil imports could be reduced by one-third thus causing the reduction in demand the result of which is the reduction of oil price which Pickens thinks that his plan could reduce by $300 billion (43%) the amount the US spends annually on foreign oil.
Added 1/15/2013 10:23:13 PM
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