If the world runs out of oil, it will also run out of energy.

Runs Out

A situation where a supply or quantity of something is completely used up or exhausted.

Conceive the economic rationale that dictates the timing for extracting resources relative to variations in prices.
Undertake calculations and develop an understanding of the concept of present value for resource evaluation over chronological periods.

Verified Answer

Final Answer :

False

Explanation :

There are alternative sources of energy such as solar, wind, hydroelectric, and nuclear power that do not rely on oil.

Learning Objectives

Conceive the economic rationale that dictates the timing for extracting resources relative to variations in prices.
Undertake calculations and develop an understanding of the concept of present value for resource evaluation over chronological periods.