To Drill or Not To Drill for Oil?
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To Drill or Not To Drill for Oil?
Explain what key habits are hindering when looking at the opposing and defending view on drilling oil.
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There are several reasons that encourage drilling for oil. First, drilling increases the revenues of oil producing companies. This has the benefit of sustaining oil companies, enabling them to increase employment, and profits distributed to shareholder. Second, drilling for oil lowers the prices of oil to consumers. This is beneficial to car owners and other users of petroleum products. Third, drilling for oil helps stabilizes the prices of oil. Overall the strongest argument in defending the view on drilling more is that it helps lower the prices of oil and stabilizes the prices (Nersesian.R, 2010.
On the other and there are ...
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