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The causes and effects of the significant rise in oil prices Recently the price of oil has risen significantly in the last few years. This is because of a number of reasons. Due to the price of oil increasing this has a number of effects in the world. One reason why oil price has risen is due to the fact that it is going to run out and is fairly scarce. Because there isn't much oil is left in the world the price increases. This also means that, because it will eventually run out, that an alternative needs to be made/invented to replace the way we travel, power our lives and generally how we live. Also the use of oil, a fossil foil, releases harmful fumes into the atmosphere, thus damaging the atmosphere causing global warming. Because there is such a risk in using the oil, and because we need an alternative...

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