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.