Question

The discovery of a new oil field in North Dakota would most likely have which effect on the United States?

Answer 1

The discovery of oil in North Dakota will have the following effects on the country:

1. There will be a further delay in the growth of the electric vehicle industry. On the other hand, the traditional vehicle industry will have a couple more years of predominance over the market.
2. The prices of oil will probably drop. As a consequence, prices of gasoline will suffer a reduction as well. To the benefit of the users of traditional fossil fueled vehicles.
3. The country as a whole will further delay its efforts to reduce its CO2 emissions.