What historical event is compared to the recent oil price drop?
Oil Is in a Free Fall, Says Council on Foreign Relations's Jaffe

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The 2008 Financial Crisis
The 1991 Gulf War
The 1973 Oil Embargo
The 2003 Iraq War
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a major factor contributing to the current uncertainty in the oil market?
Increased renewable energy use
Coronavirus pandemic
Political stability
Technological advancements
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a significant challenge for OPEC in managing oil production?
Increasing demand
Political disagreements
Reducing global production
Technological limitations
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which country is mentioned as having a strategic financial reserve to handle oil market fluctuations?
Canada
Russia
United States
Saudi Arabia
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key reason for Russia's focus on defending its market in Europe?
Lack of natural resources
High production costs
Pipeline connections
Proximity to Asia
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