Bloomberg Commodities Edge': Assessing Ida's Damage

Bloomberg Commodities Edge': Assessing Ida's Damage

Assessment

Interactive Video

Business

University

Hard

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The video discusses the impact of Hurricane Ida on commodities like oil, corn, and chlorine, highlighting supply chain disruptions. It also covers the record highs in European natural gas and carbon prices, driven by supply issues and increased demand. The role of carbon offsets in decarbonization efforts is explored, with a focus on NCX's innovative approach. The video concludes with a look at the effects of wildfires on ski resorts and the potential rise in gasoline prices due to refinery issues.

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the main reasons for the increase in WTI discount to Brent after Hurricane Ida?

Decrease in oil production

Slower refinery recovery compared to rigs

Faster refinery recovery compared to rigs

Increased demand for oil

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the estimated amount of US Gulf Coast refining capacity offline due to Hurricane Ida?

4 million barrels

3 million barrels

2 million barrels

1 million barrels

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What factor is contributing to the record highs in European natural gas prices?

Supply crunch before the heating season

High inventories in Europe

Increased coal production

Decrease in renewable energy sources

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one reason for the supply crunch in European natural gas?

Increased renewable energy production

Decrease in LNG imports from Asia

High maintenance activity in the North Sea

Increased gas production in Russia

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key component of the world’s decarbonization efforts discussed in the video?

Nuclear energy

Carbon offsets

Increased coal usage

Hydroelectric power

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of trees in carbon offsetting?

They increase air pollution

They reduce water availability

They sequester CO2 emissions

They increase soil erosion

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does NCX verify the quality of carbon credits?

Through satellite imagery

Using an AI-powered forest called Base Map

By manual inspection

Through government audits

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