In 1956, Dr. Hubbert accurately predicted U. S. oil production for the next 50 years. U. S. oil production started to decline in1970, causing volatile markets and, for strategists, . The development of fracking around 2010 restored the U. S. as a major oil producer.

The correct answer is resource scarcity.

Explanation:

The scarcity of resources in this example is directly related to the sale of crude oil, since many countries in the world (and especially the largest producers) seek to satisfy their internal demand first and sell surpluses to other countries that do not have crude oil reserves. . With the decrease in the production of crude oil, the United States only managed to supply part of its domestic consumption, and it had to buy oil from other economies whose production remained stable. As oil is a tradable good on the stock market, if production decreases it has a direct effect on the economy as less dollars of resources will enter from the sale of crude oil.

forbearance of student loan payments. under forbearance, your loan payments are postponed (or reduced) but interest continues to accrue during the period of forbearance. if you don't pay the interest during that period, the interest may be “capitalized,” which means it is added to your principal balance.