A. Persistence of war in the Middle East
B. The discovery of crude oil in more countries
C. Antagonism by the major world powers
D. Development of viable alternatives to crude
Correct Answer:
Option D – Development of viable alternatives to crude
Explanation
Development of viable alternatives to crude oil is a major threat to OPEC. For instance, some advanced countries are constantly into research, trying to find an alternative to oil. With this move, the price of oil is negatively affected.
According to Nnoli, 1998 alternatives to oil as source of energy is being discovered day by day, the technologically advanced countries.
As a result, there is an increase in energy efficiency today. For instance, the use of coal, solar, wind, nuclear energy including hydroelectricity has been intensified in the recent years.
