Question on: JAMB Economics - 2019

The release of a liquid petroleum hydrocarbon into the environment is referred to as an oil spill.

• Oil spill: This is the direct and correct term for the environmental release of liquid petroleum hydrocarbons.
• Oil glut: This refers to a situation where there is an oversupply of oil.
• Oil shock: This describes a sudden, significant disruption in the supply of oil, often leading to price increases.
• Oil wastage: This is a general term and not the specific term for environmental release.