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Living in the province of Alberta, it is easy to see the importance that oil has...

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Economics

Living in the province of Alberta, it is easy to see theimportance that oil has to our economy.

  1. Briefly describe the current situation facing the global oilsector. (approx 200 words)

Answer & Explanation Solved by verified expert
4.5 Ratings (797 Votes)
As markets companies and entire economies reel from the effects of the global crisis caused by the coronavirus COVID19 pandemic oil prices have crumbled The impacts will be felt throughout oils global supply chains and ripple into other parts of    See Answer
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