what most likely caused the steady increase in price per barrel of oil between 2001 and 2008?\no a global…

what most likely caused the steady increase in price per barrel of oil between 2001 and 2008?\no a global recession\no scarcity of petroleum\no a large population growth\no demand from developing countries

what most likely caused the steady increase in price per barrel of oil between 2001 and 2008?\no a global recession\no scarcity of petroleum\no a large population growth\no demand from developing countries

Answer

Answer:

D. demand from developing countries

Brief Explanations:

Between 2001 - 2008, developing countries' rapid growth increased oil demand, driving up prices. A global recession would lower demand and prices. Petroleum scarcity wasn't the main factor then. Large - scale population growth alone doesn't directly cause steady price increases like rising demand from industrializing nations.