What is one of the main reasons for the sustained optimism in oil demand despite economic uncertainties?
IEA's Birol Says Full Impact of Shale Hasn't Yet Been Seen

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Business, Architecture, Engineering
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7 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The decline in renewable energy sources
The strong growth of the petrochemical industry
The rapid growth of the automotive industry
The increase in global population
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What could significantly impact both oil demand and supply according to the discussion?
A rise in global temperatures
A decrease in global population
An increase in renewable energy investments
A decline in economic growth in China, India, and the US
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor is crucial in determining the effectiveness of OPEC's production cuts?
The level of global oil reserves
The price of natural gas
The demand from European countries
The production levels of US shale
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a major logistical challenge faced by the US oil industry in the Permian Basin?
Environmental regulations
High transportation costs
Insufficient pipeline capacity
Lack of skilled labor
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How has the US shale revolution impacted oil reserves since 2010?
Reserves have doubled
Reserves have decreased due to over-extraction
Reserves have remained stable
Reserves have increased sevenfold
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is driving China's increasing LNG import needs?
The growth of the automotive industry
The need to replace coal for air pollution reasons
The expansion of nuclear energy
The decline in domestic gas production
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a potential outcome if the US becomes a key LNG supplier to China?
Decreased oil prices globally
Improved air quality in China
Increased trade disputes
Reduced US oil production
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