What is the primary reason for the energy crisis in China as discussed in the first section?
Making Sense of China’s Energy Crisis

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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Excessive energy production
Exceptional demand growth and insufficient supply
Over-reliance on renewable energy
Government-imposed energy restrictions
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How are energy efficiency targets affecting the energy crisis in China?
They have been fully met, reducing the crisis
They are causing supply constraints and affecting both industrial and residential sectors
They are irrelevant to the current crisis
They have led to an increase in energy supply
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What measures is Beijing considering to address the energy crisis?
Focusing solely on renewable energy
Ignoring the crisis
Reducing energy imports
Increasing imports and boosting supply
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How might Sinopec's actions in the LNG market affect other buyers in Asia?
It will stabilize the market
It will lead to a decrease in LNG prices
It could scare buyers and trigger panic buying
It will have no impact
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What financial challenge is Petro China facing due to the energy crisis?
Losses due to rising import costs and regulated domestic prices
Increased government subsidies
No impact on financial performance
Increased profits from higher gas prices
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the short-term forecast for Brent crude prices?
$50 a barrel
$80 a barrel
$60 a barrel
$100 a barrel
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could potentially boost demand for oil in the short term?
A decrease in gas and coal shortages
Substitution into fuel oil and gas oil
Increased renewable energy production
A significant drop in oil prices
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